In the Daily Business Review’s Commercial Real Estate Special Report, Cohen Property Law Group’s David Cohen and Liam Krahe discussed new trends in the hospitality market amid higher interest rates and challenges securing financing. The duo is increasingly working on deals that involve ‘preferred equity,’ which entails offering preferred ownership interest to sellers and investors in exchange for cash. In this unique strategy, the investor receives a preferred return, which is typically paid directly after the debt service but before other classes of investors are paid.