This entry treats the syndication limited-partner role specifically as a capital-deployment strategy: an investor or allocator placing capital into sponsor-led real estate syndications to earn equity returns, viewed through the lens of capital allocation rather than the passive-income framing of...
Log in to followOne of my positions suspended the pref in Q2, second year of a five year plan. Occupancy is fine, the problem is the debt, floating rate with a cap that expires next year, and the…
Before my first LP position I asked the sponsor for references from investors in their earlier deals. They gave me six names. I found two more myself through a local investor grou…
Working through sizing and I keep landing somewhere unsatisfying. Say 400k to deploy over roughly three years, minimums of 50k, so call it eight positions. If I spread eight check…
Wired $25k into a small industrial deal in March. Four tenants, 41,000 square feet, a sponsor who does about one of these a year in a market I know because I grew up two towns ove…
I'm on three sponsor email lists and all three found me through paid ads. Someone in another thread said the better deals never get advertised at all because of a rule about needi…
Diligence on a sponsor raising a value-add multifamily deal and I've hit a fork I can't reason my way out of. Their realized record is six exits, all between 2016 and 2021, averag…
First LP position, $35k into a small industrial deal. I'd already decided to invest before I read the documents, which I now think is backwards. I printed the whole thing, 94 page…
I've been talking with a sponsor about his next acquisition and he mentioned that if I bring other investors in he'd pay me 2 percent of whatever they commit. I know a fair number…
Reading the deck for a 180-unit deal and the fee page lists a 2% acquisition fee, a 1.5% annual asset management fee, a 1% disposition fee, and then the cash splits 70/30 after an…
I had $60k and a sponsor I liked with a $50k minimum. Almost put the whole thing in one deal. Instead I asked both that sponsor and a second one whether they'd take $30k. Both sai…
Two LPAs open in front of me right now, both value-add multifamily, both around a three to five year stated hold, both from sponsors I have taken seriously enough to call referenc…