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