All Forum Posts by: Account Closed
Account Closed has started 17 posts and replied 166 times.
Post: Long Term Hold Syndication Sponsor
- Investor
- Atlanta, GA
- Posts 174
- Votes 104
Quote from @Leah Klint:
Quote from @Account Closed:
@Leah Klint, Great point! Most sponsors are incentivized to sell the asset for them to have a payday, which always work against the investors that have long term hold vision. So, in all of the deals we sponsor, we structure our promote in both cashflow (after a hurdle) and capital events, so we are aligned with our partners' goals.
Tell me more how you think your structure better aligns with the long term hold LP.
@Leah Klint, please free to DM me. I can expand with an example and may be over a quick call.
Post: Long Term Hold Syndication Sponsor
- Investor
- Atlanta, GA
- Posts 174
- Votes 104
@Leah Klint, Great point! Most sponsors are incentivized to sell the asset for them to have a payday, which always work against the investors that have long term hold vision. So, in all of the deals we sponsor, we structure our promote in both cashflow (after a hurdle) and capital events, so we are aligned with our partners' goals.
Post: First Syndication Deal
- Investor
- Atlanta, GA
- Posts 174
- Votes 104
43.86% annual return but 3.01x EM. Would love to see the math behind this.
Post: Off Market Deal Sourcing Strategies
- Investor
- Atlanta, GA
- Posts 174
- Votes 104
Building and nurturing relationships with regional brokerages/brokers is another great way of being sent all offmarket deals they get. 7 out of 10 commercial properties we acquired in the last 15 months were received this way.
Post: Local Syndication Networking
- Investor
- Atlanta, GA
- Posts 174
- Votes 104
@Jonathan Cheng, let me know the best way to connect with you. We are GPs but also invest as LP in various asset classes.
Post: Underwriting NNN Deals
- Investor
- Atlanta, GA
- Posts 174
- Votes 104
@Paul T., you are right but make sure you factor in operating expenses (management fee, partnership level fees (returns and K-1s, if applicable),and such) in your NOI calculation. You might not care about it during hold if they are applicable to you. However, at exit, your new buyer might.
Post: What are best tools/ analytic resources for analyzing deals?
- Investor
- Atlanta, GA
- Posts 174
- Votes 104
@Susan O., connect with me. I will get my team to send you what you need.
Post: Industrial Deal! 10k/mo NNN Lease
- Investor
- Atlanta, GA
- Posts 174
- Votes 104
You might be overstating your CoC by not setting aside $ for future Capex, TI, leasing commission, management fee, and accounting/record keeping costs. You might not care about these costs (for various reasons) but, at exit, your buyer will/might care. So make sure you factor these expenses in your NOI calculation.
Post: Requesting Offering Memorandum Samples
- Investor
- Atlanta, GA
- Posts 174
- Votes 104
Look for active listings in costar, loopnet, crexi, and such.
Post: What are best tools/ analytic resources for analyzing deals?
- Investor
- Atlanta, GA
- Posts 174
- Votes 104
Co-Star for CRE.