Multifamily Development - GP checklist

[Kiran K.]

So far I have been into LTR (SFH) and STR properties, which I have done individually. I have identified an opportunity to be part of partnership for large (150+) multifamily unit construction. Need guidance on how to proceed, need some reference on learning material on the process and things to keep in mind for partnership.

[Spencer Gray]

@Kiran K. If there are 10 "GP"s then to me it sounds like there are either too many cooks in the kitchen or it's being developed by someone who doesn't have the track record to get a deal done themselves and they need to bring in 9 other's who are probably also not very experienced. In other words, not a strong sponsor. It's one thing to bring in one, maybe a few co-gps, but 10? Without knowing any of the specifics I would pass.

Or the GP position is more or less LP but are selling it as a GP spot.