It seems the applicant pool has really dried up, as I usually get 50 requests to view.

If the numbers still hold after that, proceed; if not, pass and keep your powder dry.

I think CA is actually one of the best.. very cut and dry no redemptions etc..

So, although the market for “easy” syndication capital had dried up, a small sponsor raising a rather small amount of capital for a project type in which they have a verifiable track record of success should be very doable.  

Regarding storage:(k) Yards, patios, balconies, vestibules, hallways, and entrances may not be used to store belongings or to dry clothes.

Congrats on the dry powder—now put it to work strategically.

There is no residual value to a dried up drill site.Your point to asking how a fund of funds is being compensated should be taken in all industries: real estate, O&G, PE, hedge funds, VC, etc. 

Been a landlord and investor in Florida for over 25 years now, and here’s what blows my mind — I’ve never once had an insurance claim come anywhere close to the “full replacement value” I’m supposedly paying for.We’ve had roof leaks, fallen trees, a kitchen fire (caused by a tenant trying to dry clothes in the oven — long story), and even one hurricane claim that dragged out for months.

And then as liquidity has dried up, volume has declined. 

After every big storm on Long Island, I see the same issue—homes that look dry but aren’t.