Breakdown of Apartment Syndication Team

[Jordan Santiago]

Hey BP,

Forgive me, I love applying my current knowledge to my current business, but also love learning about what I want to do in the future and be one step ahead.

I was curious, who does your IN HOUSE apartment syndication team consist of? I know every syndication has a relationship with an attorney, brokers, lenders, accountants etc. But do you have acquisition/asset managers? Secretaries? Cold Callers? 

How do you compensate them? At what point did you bring them on your team? How did you find them? 

Would love to hear a breakdown of everyones team. Thanks! Happy Investing. 

[Greg Dickerson]

Originally posted by @Jordan Santiago:

Hey BP,

Forgive me, I love applying my current knowledge to my current business, but also love learning about what I want to do in the future and be one step ahead.

I was curious, who does your IN HOUSE apartment syndication team consist of? I know every syndication has a relationship with an attorney, brokers, lenders, accountants etc. But do you have acquisition/asset managers? Secretaries? Cold Callers? 

How do you compensate them? At what point did you bring them on your team? How did you find them? 

Would love to hear a breakdown of everyones team. Thanks! Happy Investing. 

This will be different for every operator as some will hire these positions and some will partner with others who fulfill the roles especially if you are looking at a lot of deals

Personally I have always had an office manager and a CFO. I look at every deal and opportunity myself first and if it looks good enough to pursue I pass it on to my CFO to fully analyze and underwrite, procure financing and prepare for closing but I lead the rest of the team that is all outsourced ie. PM, Brokers, attorney, architect, engineer, GC etc. depending on the project or deal.