About this event
​A two-day interactive workshop designed for real estate operators, entrepreneurs, and investors looking to structure or invest in OpCo/PropCo platforms.
- ​Tuesday, September 16th: 12:00pm-1:30pm EDT
- ​Wednesday, September 17th: 12:00pm-1:30pm EDT
​Both sessions will be recorded
​Over the two 90-minute live sessions, you’ll dive into real-world frameworks, explore new case studies, and walk away with practical tools to apply to your own ventures.
​Participants will receive pre-read materials, including case studies and frameworks, and gain post-course access to Circle, where we’ll share recorded videos, sample term sheets, and curated resources.
​You’ll learn how to:
- ​Understand the OpCo/PropCo model—how and why companies separate real estate from operations.
- ​Structure OpCo/PropCo capital stacks—mapping investor profiles, deal terms, and governance structures.
- ​Evaluate case studies of successful platforms—learning from hospitality, logistics, housing, and niche real estate sectors.
- ​Develop a GTM strategy—walking through real-world investor conversations.
​You’ll leave with a sharper lens for evaluating and executing these structures—whether you’re launching a platform, investing in one, or advising a founder.
​The Workshop Will Cover:
​The Game of OpCo/PropCo
- ​A new breed of real estate entrepreneur
- ​Enhancing unlevered yields through operational excellence
- ​Blending old-school models with new-school innovation
​Capital Stacks & Deal Structures
- ​Raising OpCo growth capital vs. PropCo real estate capital
- ​Structuring leasebacks, joint ventures, and hybrid agreements
- ​Understanding what different investors want in each part of the stack
​Case Studies in Action
- ​Sam & FlexHouse Offices – Creating a flexible office operating company using PropCo partnerships, then launching new PropCo
- ​Amelia & NewPath Homes – Launching an SFR platform through an OpCo/PropCo structure with HNWIs and a family office
- ​Rebeka & Restored Hotels – Forming a co-GP partnership to build a niche hotel brand and portfolio
​OpCo-PropCo Agreements, Term Sheets & Real-World Structures
- ​JV agreements between operators and capital partners (Sam & Michelle)
- ​Hybrid management structures with 3rd party operators (Sam & TheyWork)
- ​Seed investments and development partnerships (Amelia & Ian, Rebeka & Fred)
​Live Workshop: Structuring Your Own OpCo/PropCo
- ​Map out your platform’s growth and real estate needs
- ​Define investor alignment and capital strategies
- ​Receive peer feedback on your structure and pitch
​Format & Access:
- ​Two live sessions: Each 90 minutes, split across two days
- ​Pre-read materials: Case studies and framing decks shared in advance
- ​Post-workshop access: Circle community with recorded breakdowns, sample agreements, and template resources
​Frequently Asked Questions
​Will students receive a copy of the materials?
​Yes, all students will receive a copy of the materials we use.
​I can't make this time - will a recording be available?
​Yes, we will send out a recording to all students who sign up regardless of whether or not they attend the in-person session.
