Multi-family syndicators/sponsors in the midwest

[Charit N.]

I'm relatively new to syndication and looking to connect with sponsors who operate in the midwest. Anyone got recommendations, please let me know. The cashflow potential of midwest multi-family properties appears far more attractive than most other geographies.

[Alan Johnson]

@Charit N.  There are a couple ways that I use to find potential sponsors:

1. Use Meetup.com.  Once you are a member (free) do a search on "syndication" (for example).  You can designate a distance (in miles) from your city or any other location of interest.  You will get a list of Meetup groups that are local to that area.  You can then join these groups and interact with the members to locate syndication opportunities that may be of interest to you.
2. Another approach involves using a site like WhaleWisdom.com to search for entities that are raising capital via an SEC exemption using Form D.  You can filter by State and type of exemption, such as 506(b) or 506(c).  You can also filter by minimum investment amount, and type of offering ("pooled investment fund" may be used by syndicators, for example).  This approach is not straightforward at all, because a) the entities shown may not be syndications, and b) they may not be open to outside investors.  However, if you screen on a minimum investment amount of, say, $25k the chances are good that they would be open to you (unless the filing was something like a "friends and family" offering).  You would have to "cold call" them to determine if their offering is suitable/available to you.

Hope this helps.

Alan