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.

• ​Wednesday, February 11: 12:00pm-1:30pm EDT
• ​Thursday, February 12: 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.