Syndication LP report

[Danny Garbe]

Does anyone have an example of a report a limited partner in a syndication would get as the property is being operated? Thanks!

[Brian Burke]

@Danny Garbe there's no uniform standard as each sponsor develops their own reporting practices.  Having said that, at a minimum this is what you would like to see:

1. Income statement (P&L) for the reporting period
2. Balance Sheet
3. Narrative description of what is going on with the investment

In addition, there are some nice-to-haves as well:

1. Statement of cash flows
2. Projected income and expense to actual income and expense comparison
3. Capital account statement (basically shows contributions and distributions with a starting and ending balance)