Trying To Wrap My Mind Around Syndiction

[Brandon Riahi]

We've been trying to branch out and have been looking at alternatives to cash flowing SFRs. One thing we have looked in to is Syndications:

One we came across is for a retail center that is fully leased offering the following terms: 

7% preferred return

11.1% IRR with a proposed 7 year exit

Can anyone explain what this means?

Thanks ahead for your input

Brandon