51 Responsibilities of the General Partner in Syndication
Pre-Contract Phase
1. Select potential target investment markets
2. Evaluate potential target investment markets
3. Select 1 to 2 potential target markets
4. Create a website
5. Create a company presentation
6. Define a target audience for a thought leadership platform
7. Create and grow a thought leadership platform
8. Create an in-person meetup group
9. Create a Facebook group and/page
10. Find, interview, and select a property management company
11. Find, interview, and select a commercial real estate broker/s
12. Find, interview, and select a commercial mortgage broker or lender
13. Find a business partner
14. Find an accountant who specializes in apartment syndications
15. Find a real estate attorney
16. Find a securities attorney
17. Find a loan guarantor
18. Define the roles and responsibilities of each member of the GP
19. Set investment criteria for deals
20. Set GP compensation structure
21. Set Limited Partner compensation structure
22. Create list of investor emails in Mail Chimp (or other mass email sending service)
23. Find passive investors
24. Build relationships with commercial real estate brokers
25. Subscribe to commercial real estate brokers’ on-market email lists
26. Implement marketing strategies to generate off-market deals
27. Underwrite deals
28. Submit LOI and negotiate PSA
Contract-to-Close Phase
29. Perform due diligence on the deal
30. Create an investment summary
31. Announce new deal to investor list
32. Perform new investment offering conference call or webinar
33. Send conference call or webinar recording to investors
34. Create legal documents and send to investors
35. Create LLCs
36. Ensure passive investor money is transferred
37. Set up operating bank accounts
38. Secure financing
39. Close on deal
Post-Closing Phase
40. Create investor guide
41. Notify investors of closing
42. Send monthly recap emails to investors
43. Send quarterly financials to investors
44. Send K-1 tax documents to investors
45. Answer incoming questions from investors
46. Oversee property management company
47. Weekly performance call with property management company
48. Frequently analyze competition to set rents
49. Frequently analyze the market to determine when to sell
50. Ensure the correct distributions are sent on-time
51. Oversee the sale of the asset