Thank you for the response Alina.
I'm not looking for addressing a particular situation / deal, but rather looking at what others are considering when it comes down to the structure of the deal. Rather, I'm trying to get a sense of what people expect in how a deal is structured and (where it may differ) what they would like to see.
As you say, the PPM or offering memorandum (OM) include the risks and a summary of the deal and (in my understand) is intended to provide required disclosures about the deal and providing a summary of various aspects of the deal. The partnership agreement (which may be part of the package referred to as a PPM) is where the details are specified about the rights and responsibilities of the GP and the LP.
You mentioned the example regarding new debt. To clarify on that, suppose you are a passive investor. Would you expect to have say in whether an additional round of debt is secured against the property? (For example, should a majority of the LP shares have to approve taking out a 2nd loan secured by the property?) (As distinct from a capital call with dilution implications.)
Again, my interest is not in a particular situation, but rather what others like to see in their agreements or wish they had in their agreements.
