I’m working with a cultural heritage organization and have a background in real estate. We’re looking to install a property management firm within the organization as a way to generate steady income and keep operations running. To achieve this, I’m planning to scale rapidly by performing a couple of syndications to acquire a larger portfolio.
I currently have a portfolio of 17 properties, but to justify labor costs and create a sustainable structure, I need to expand quickly. That said, I’ve never carried out a syndication before, so I’m looking to hear from those of you who have.
1) What was your experience with syndication?
2) How did you structure your first deal, and what challenges did you face?
3) Any advice for someone starting out, especially when trying to scale a mission-driven organization like this?
Syndication seems like the most viable way to grow quickly and align with our goals, but I’d love to learn from others who’ve been down this road.
Looking forward to hearing your insights and experiences!