Lots of factors, but deciding factor was what what Torren described (waterfall highly favorable to GP).

@Greta Clav  love your Frank Lloyd Wright waterfall avatarSAL.2020005271Real Estate Salesperson08/13/202012/15/202106/08/202106/07/2024ACTIVE 08/13/2021Her Website says she's a realtor since 2014, untrue.

We've laddered our balloon dates to happen every 2 to 3 years up to ten and will invest in REITs, ETFs and broad index funds as waterfalls hit and valuations appear attractive.   

Again, other might feel differently here.b) Skin in the game: as a conservative investor, I understand that the dirty secret of industries that the waterfall compensation is in the line with me and incentivizes sponsors to take more risk.

Again, other might feel differently here.b) Skin in the game: as a conservative investor, I understand that the dirty secret of industries that the waterfall compensation is in the line with me and incentivizes sponsors to take more risk.

For the side of the cabinet, you can install a panel or do a waterfall edge countertop to cover up the damage. 

As an LP in a syndication with two (let's call them) identical offerings in terms of asset type, business plan, submarket, asset size, projected returns, fees, waterfall, etc.  

If anyone has done this, how have you structured the waterfall splits?

@Kesha Hamilton a waterfall is a way of distributing profits. 

The land consists of 9 acres, 1100 feet of creek and two waterfalls, many great trails and even a pedestrian bridge we built ourselves (permitted).