STR syndications....who's doing them?

[Bruce Lynn]

Just saw a pitch by Rogers Capital raising money for STR portfolio. Plan is to roll it up to institutional investor.

I've also seen Key City Capital doing this.   One of the comments was that no one else is doing this.   Rogers is now on a second fund.

Have you seen any other groups raising money for pools of STR? Anyone here invested with them or Key City? I guess Vacasa did this too, but went public. Vacasa went from $200 share to about $9 something. They've pretty much done nothing but loose money....they've cut the loses, but appear to still be loosing money. Not sure if Vacasa owned STR or just managed?

Are they late to the game? Has that ship sailed? or are they on to the cutting edge, corporate managing the STR experience. What are your thoughts?