Podcast: Mastering the Market: Navigating Real Estate Investment and Legal Strategies in 2025

Location Cubed

Real estate private equity is a dynamic space requiring experience in fund structuring, securities compliance and investment strategies. In this episode of Weaver: Beyond the Numbers, Location Cubed, hosts Howard Altshuler and Aaron Grisz sit down with Adnan Merchant, managing partner of MW Law, to discuss key aspects of real estate transactions, joint ventures and fund formation.

Key Points:

• Firms are using private equity structures to pool money for big deals.
• Capital raising strategies differ by investor type.
• Real estate fund managers encounter complex regulatory challenges in capital raising.

Real estate investment is evolving, with more firms leveraging private equity structures to pool capital and execute large-scale deals. However, understanding the legal, financial and regulatory considerations is critical for success. According to Adnan, joint ventures and private securities structures serve different investor needs. Joint ventures allow partners to collaborate directly while private funds cater to passive investors, requiring stricter U.S. Securities and Exchange Commission (SEC) compliance. Additionally, fund structuring must align with business goals and investor expectations.

Capital raising strategies vary based on the investor base. Institutional investors, such as family offices and funds, require due diligence and compliance checks, and broker-dealer networks and registered investment advisors (RIAs) serve as key intermediaries for reaching high-net-worth individuals. Regulations, such as Regulation D, play a crucial role in defining how private placements are marketed and structured. Ensuring financial transparency through audits and third-party diligence not only meets regulatory requirements but also builds trust among investors. Many fund managers find that a well-audited financial structure provides long-term credibility and operational stability. “A well-structured fund isn’t just about raising capital — it’s about regulatory compliance, transparency, and long-term success,” states Adnan.

Real estate fund managers face complex regulatory hurdles when raising capital. Adnan explains that securities laws, such as Regulation D and accredited investor thresholds, dictate how funds can be structured. One key strategy is leveraging broker-dealer networks and RIAs to access institutional capital. However, due diligence and third-party verification — from firms like FactRite and Mick Law — are often required. Whether structuring syndications, joint ventures or large-scale funds, compliance and transparency remain critical to success.

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