Great Summary on a GP Review of a Syndication

[Chris Seveney]

First, I have not done the full blown analysis on this offering because it was an offering that did not interest me overall- but I want to add the caveat that I have not run numbers and have not formed an opinion that agrees or disagrees with the sponsor. I just wanted to share this as they do a great job of how someone reviews an offering.

(1) m. stanfield on X: "Page 9: Rise48 is taking 28% above an 8 pref. Meaning, you get your money back plus and 8% return on that money before Rise gets a penny. Except, for a group that is only putting in 0.5% of the equity, taking 28% of the promote seems very out of market, to me. One other thing. https://t.co/52mft8cQeH" / X