New Industrial Syndication Investment, looks good to me?

[Paul Azad]

Came across this Deal from heritagegroupcapital.com, They are buying 2, 100k industrial fully tenanted/leased buildings in North East Indiana, near Fort Wayne. Sponsor is Jeff Greenberg, owner of Heritage Group Capital, 3rd generation CRE, at first did multi-family in New Jersey, now diversified. He is putting in 15% of equity as his family office as a TIC, tenant in common to the deal via a 1031 exchange, so that aligns him with LPs better than 99% of deals out there, also GP fees are fair to reasonable, 8% pref, then 80/20 and then for >14% IRR, they split 70/30, so better than 95% of last 100 deals I have seen. (I analyze syndication deals all the time, wife says I'm likely on some damn Spectrum :) I asked the first question on this week's webinar. They seem smart and straightforward. Min buy in is 50k, pays quarterly distribution. timeline 5-7 yrs, getting very good loan from insurance co source at 6.75% or so with interest only on yrs 1-3 then no defeasance penalties thereafter if they re-fi or sell. It is a very small investment, only 4.5 sticks, so should fill up fast. Industrial is a good place to be next 10 yrs IMO. watch recent webinar. What are your thoughts?

[NE Indy Industrial Portfolio (heritagegroupcapital.com)](https://heritagegroupcapital.com/ne-indy-industrial-portfolio/)