Syndication Tool to Keep Track of Investor's Ownership Interests

[Tony S.]

Hi All,

I'm currently keeping a few lines of conversations open with off-market 50+ unit owners that may be interested in selling their portfolios in the near future.  Assuming one of the deals go under contract, I will act as the sponsor and syndicate the transaction for the down payment and repairs under market terms.

This may be a dumb question, but I'm wondering whether there is a tool that syndicators use to keep track of investor contributions, ownership interests in the deal, Sponsor distributions to investors, or just to play around with different scenarios?  Or does each syndicator have their own method of keeping track of these data points?  Thanks,

Anatoly

[Brian Burke]

Yes, it's true, Excel is the go-to for tracking investor capital accounts, contributions, distributions, ownership percentages, waterfalls, etc.  Even the big boys still use it.  There are investor relations platforms that perform some of those functions as well, but they cost many thousands per year (we use one of them) but that is more than you need at this point.  That said, even though we have an investor relations platform we still use Excel for the majority of the calculations.