KP Equity in a syndication?

[Aaron W.]

Hello all,

This is our first time doing a co-GP syndication with a KP.  We are talking with a potential KP to come onboard for their experience as we've yet taken down a property of this size.  What do you typically offer as far as equity or fees to a KP for their experience?  

For future reference, I'd also be curious to know what others offer KPs to have them onboard for their net worth or capital raising, etc?

Thank you in advance for your assistance.  Have a great day!