Syndication in Canada

[Jesse Fragale]

Hi gang!

With cap rates continuing to be suppressed it is getting harder and harder to find deals.  I am curious to know if any of you are syndicating deals in Canada and what types of cash on cash return, IRRs, and cap rates you need to pay investors.  With caps as low at <4% in some areas of the country I don't see the numbers working for syndication.

On a side note, for those of you syndicating(Canadians)--since we do not have LLCs here-- what structure are you using (limited partnership)?