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 followSponsor's investor page: 14 acquisitions, 4 realized, average IRR 24% on the realized ones. All four of those were acquired between 2014 and 2017 and sold before 2020. The other t…
This one closed in Q3 and I've been sitting on the numbers for a month before writing it up. Structure: $85k into a 214-unit garden multifamily deal in a mid-size southeast market…
Closed out last month at 1.03x on $55k over four years and I've spent a while working out where the money went, because the property did fine. Deal was a portfolio of small rural…
A sponsor sent me a deck for a 180 unit deal in Huntsville and then asked me to confirm I'm accredited. My W2 income is nowhere near what I've seen quoted, but I own four small mu…
I've been putting $50k a year into LP positions for three years and this is the first time two offerings landed on my desk in the same month with structures I can't compare. Deal…
Been comparing the governance sections of five LPAs I've either signed or declined, and the thing that stands out is how rarely LPs get more than one real protection. Sponsors wil…
I've got about 150k earmarked for private real estate over the next couple of years, and every LP deal I look at has a 50k minimum, a couple at 100k. So my first check is a third…
A sponsor I've done two small LP positions with asked if I'd introduce their next multifamily raise to people in my network. They're raising $9m of equity. They offered what they…
This one is closed now, or at least my money came back, and it came back at 0.94x after three and a half years. So I lost about $2,400 and three and a half years of anything else…
$30k into an apartment deal in 2022 because I wanted income without a second job. Sold my position back to the sponsor last year at 0.88x, which I understand was generous of them…
Long hold person by temperament and I got into LP deals because I wanted institutional-scale exposure without operating anything. Nine positions since 2018, checks between $50k an…
Short-listing six deals for $300,000 total, $50,000 a position. Two of the LPAs say a limited partner who doesn't fund a call gets diluted at 1.5x the shortfall amount, and a thir…
Two decks landed on my desk this month from the same introduction. One is a sponsor I've watched for about three years, eleven deals, they answer email on a Sunday and their quart…
The deal I'm looking at is small, a rural manufactured housing community, minimum check 50k. The subscription docs came as a 94 page PPM, an operating agreement, and a subscriptio…
Syndication LP investing keeps coming up in what I read, and I keep running into the accreditation requirement without understanding it well enough to know if I clear it. What I t…
I have roughly $300k to place across LP positions over the next 24 months, and my minimums run $25k to $50k, so call it six to eight checks. I keep drawing the same grid and getti…
First LP allocation and I'm stuck on a structural choice before I even get to sponsor selection. I have $50k I'm willing to lock up for five years or so. Same sponsor is offering…
Got a capital call notice last spring on a 1970s vintage multifamily position, 11 percent of original equity, framed as funding an extended lease-up and topping up the interest re…
I've been reading a subscription package for a multifamily deal and the distribution section says the LPs get an 8 percent preferred return, non-compounding and non-cumulative, th…
I've got $400k earmarked for LP equity over the next 24 months and I'm stuck on position size. Four sponsors have cleared my diligence so far. Two multifamily value-add in the sou…