All Forum Posts by: Eric Hufham

@Eric Hufham

Yes. As mentioned you can syndicate anything - multifamily is the most popular but you can do office or retail. Reason why it’s not done as often is may be lower risk = lower returns.

You could syndicate anything really multi-family is just a very popular avenue currently.

The syndicator scene is like the Wild West! Each sponsor vying for investor money claiming that their deal is great, that “their underwriting is conservative, that they have X amount of experience which will translate into success for you.”

But the transparency behind all of this is limited and often times risks, weaknesses, and aggressive assumptions can be found which a passive investor might not see. 

As someone who holds the CFA Designation and with years of institutional real estate experience doing the actual underwriting, due diligence, and asset management for billion dollar funds, I really feel sorry for investors getting taken advantage of by all these syndicators.

To aid the investors, each time I come across a syndicator and their deal I screen them using my own an due diligence process that I have developed and I grade the syndicator and the deal opportunity and rank them compared to others. 

Are you just letting everyone know that you rank syndicators or are you offering to share your rankings? 

I've done deals in the Atlanta area over the years, the main thing I've found is that greater Atlanta is oftentimes not well understood by investors coming from out of town. So trying to buy over the line and move the line is difficult to do. The line may look movable by looking at maps, but in person it can become clear that the line isn't going to move.