Ian Colville, Author at Carpathian Capital Management

Understanding Waterfall Distribution in Private Investments

When you open a Private Placement Memorandum (PPM) for the first time, the waterfall distribution section might look like dense legalese. It’s not. It’s the single most important section in the document because it tells you exactly how investors get paid....

When Markets Wobble: Why Private Real Estate Doesn’t Follow the Crowd

It’s been a rough week for stock investors. The S&P 500 has fallen in six of its last seven sessions since hitting an all-time high, slipping into negative territory for the year. The Nasdaq 100 posted its worst three-day rout since last April’s tariff meltdown....

The “Hold the Line” Market: Resilience Defines Twin Cities Real Estate in November 2025

If you’ve been following the national headlines, you know the housing narrative is still a tug-of-war between interest rates, affordability, and the question everyone loves to ask: Is the market finally going to crack? Real estate is ultimately local. And in the Twin...

How We Protect Investor Capital: Inside Our Due Diligence

Value in real estate development is generated through the careful management and understanding of risk before construction begins. At Carpathian Capital Management, we view ourselves as stewards of our investors’ capital. Every project has a narrative and a...

The “Steady State” Market: Resilience Defines Twin Cities Real Estate Market in October 2025

If you have been following the national headlines, you know the housing narrative has been a rollercoaster of interest rate speculation and inventory woes. However, real estate is ultimately local. Here in the Twin Cities, the October 2025 numbers paint a picture not...