That property, back then, had yielded a 5 multiple and was still averaging an IRR net to LPs north of 20%.  

Interestingly the sponsor structure the deal high on asset management, and no carry interest (which based on this structure, LPs and sponsor interest are not 100% aligned).

This is unlike most other forms of real estate private equity such as LLCs, LPs, Private REITs, etc. where a large portion of the potential appreciation is given to the sponsor typically thru a waterfall splitWhen a DST 1031 property is sold, the investors are free to do another 1031 exchange into any type of “like-kind” replacement property.

If it was a non recourse loan, which provides basis for our LPs,  we are able to distribute that 4.8 million out to our LPs and not erode tax benefits. 

There's a wealth of information in these forums, compiled over many threads from dozens of successful operators (GPs) and experienced limited partners (LPs) in syndications.

KPs can be hit with civil and legal liability in the event of lawsuits filed by LPs, other members of GP etc.

In this model, the General Partner (GP) takes the lead in managing the investment and makes decisions on behalf of the Limited Partners (LPs) who contribute capital but have a more passive role.Platforms like Fundrise:Platforms like Fundrise have gained traction by offering real estate investment opportunities to individual investors.

We are always looking to build relationships with potential LPs and would be glad to chat with you in this regard to share what we are working on and/or connect you with other sponsors so that you can build relationships that will bring opportunities your way!

Left field investors is another forum with many LPs discussing syndication deals. 

Step 4: Aggregate your feedback based on the soft commits you get from these potential LPs and narrow down your acquisition criteria and make it a weekly practice to send these deals out to your network that has expressed interest.