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Updated almost 6 years ago on . Most recent reply

Greg Scully's profile image
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Greg Scully
  • Rental Property Investor
  • from Johnson City TN
  • Member since Apr 13, 2016
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Greg Scully's profile image
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Greg Scully
  • Rental Property Investor
  • from Johnson City TN
  • Member since Apr 13, 2016
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Greg Scully
  • Rental Property Investor
  • Johnson City TN
271
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386
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Multi-Family and Apartment Investing

Manager Managed LLC VS Syndication

Greg Scully
  • Rental Property Investor
  • Johnson City TN
Posted

Is a PPM required for a manager managed LLC? We're considering a deal too big to have all "active investors" but too small for a full syndication.

There would still be an equity split between the management team and the limited partners.  Additionally the limited partners would receive a 7% pref.

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Sam Grooms
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  • from Phoenix, Arizona
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Sam Grooms
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  • from Phoenix, Arizona
  • Member since Feb 22, 2017
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Sam Grooms
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  • Phoenix, AZ
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Sam Grooms
  • Investor
  • Phoenix, AZ
Replied

This would still require a securities exemption, and a PPM would be needed. Most syndications are manager managed LLC's.

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