The general partner, or sponsor, is the active operator of a real estate syndication: the party that finds the deal, underwrites it, arranges financing, raises capital from limited partners, executes the business plan, and manages the asset through to sale.
Log in to followA co-GP agreement came across my desk for a $12M multifamily deal. The offer is 30% of the promote in exchange for introducing investors up to a $4M raise. No asset management dut…
I spend my days on the debt side and I'm now looking at going LP in a deal from a borrower I've financed before, which is a different seat than I'm used to. Numbers: $40M purchase…
I'm going through a subscription package for a 96-unit deal and the sponsor's own documents use two different words. Page 12 of the PPM describes a "20% promote to the Manager." T…