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 followBeen 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…
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…
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…
One 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…
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…
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…