Whats the Average investor returns for Multifamily investing

[Sanjoy V.]

I have looked at Multifamily Investment over the last few years. I’m trying to understand what’s the average return, IRR, cash on cash and also average five year return if you invested $100,000. Is there a industry norm for syndication, returns etc, fee for management, initiation fee etc. Understandably,everybody has different strategies. Also trying to understand what’s the average percentage taken by multi family management syndicator for management, 1 to 2%? Averages for these; 1. Deal initiation fee at closing 2. Syndicator management fee monthly 3. Percent split on profits 70/30 or 80/20, waterfall? 4. COC return, average IRR. 5. If investor puts in 100k what do you expect to make at 5 years including the invested amount. Thanks in advance!