Vetting a multifamily sponsor for a private investment firm/fund

[Mano Chidambaram]

Hi Folks

I am fairly familiar with the process of vetting commercial, multifamily syndicators(200+ units) & specific deals for my personal investments since I've done several over the past few years. Now I am running a small, private investment firm raising capital from my investors & partnering & investing with multifamily sponsors.

I'd love to hear from folks who are doing something similar, of running private investment firms/funds, of what additional steps that they take, additional data that they request from the sponsor to analyse both the firm & specific deals, process that they go through, etc., to vet a sponsor & specific deals.

Thanks in advance for any input

[Sam Grooms]

I would think you would use the same vetting process. I'm still curious to see what others say, but I'd argue that you should implement whatever additional steps you start doing into personal investments, too.