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Multi-Family and Apartment Investing

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Matthew Nicklin
Property Manager
  • Real Estate Agent
  • Woodstock, GA
255
Votes |
251
Posts

Multiple Syndicatiors sending out the same deal

Matthew Nicklin
Property Manager
  • Real Estate Agent
  • Woodstock, GA
Posted Oct 18 2019, 06:36

So I have been reading up a lot on syndication lately and getting familiar with the process. I have done a lot of reading and learning and I feel pretty comfortable with the overall structure and the way these deals are setup. 

I have joined a few syndicators investor lists and attending their presentations, reading over their offering memorandums, and PPMs. As I have joined a few lists I have seen a few deals and the way they are presented. I received an email for a deal earlier this week then a follow up later that day stating they have raised all the required capital. Then today I received an email from a completely different syndicator with the same apartment complex name etc stating they are going to have a webex next week to present the deal. 

Is this common? This seems odd to me as neither one of the syndicators mentions working with the other. Is it possible that they both think they have a contract on the property? Anyway for me to vet this further? 

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