Direct access to professionally managed multifamily real estate.

A real estate syndication allows a group of investors to own a professionally managed property together. The sponsor identifies and acquires the property, arranges financing, oversees the business plan and manages the investment, while limited partners contribute capital and participate in the income and profits according to the terms of the offering. For many investors, it provides access to larger real estate investments without having to manage the property themselves.

Most Laager offerings are designed for accredited investors. Eligibility requirements vary by offering and are explained in the applicable offering materials. When verification of accredited status is required, our team will guide investors through a straightforward verification process before investing.

Minimum investments vary by offering, but are typically $100,000. The exact minimum for each investment is stated in the applicable offering materials.

Most of our multifamily investments are underwritten with an expected hold period of approximately five to seven years. Actual timing can vary depending on market conditions, property performance and opportunities to sell or refinance, so some investments may be realized sooner and others held longer.

Return expectations vary by investment. Each offering clearly presents its targeted cash distributions, IRR and equity multiple, along with the assumptions behind those projections. We focus on opportunities where we believe the expected return appropriately compensates investors for the risk, rather than trying to force every investment into the same return profile.

Our investments are generally structured to make cash distributions quarterly from available operating cash flow. The actual timing and amount of distributions depend on the performance of the property and the terms of the specific offering, including any preferred return or distribution waterfall.

Sponsor compensation varies by investment and is fully disclosed in the offering materials. Depending on the structure, this may include fees as well as a share of investment profits. We also invest our own capital alongside our LPs in our offerings, so a meaningful part of our economics is tied directly to the performance of the investment.

A boutique sponsor can offer a level of access, alignment and accountability that is often harder to achieve in a large institution. Our principals are directly involved in sourcing, underwriting, financing and asset oversight, we invest alongside our LPs, and investors can speak directly with the people making the decisions. We also have the flexibility to be selective and pursue only the opportunities we believe are worth our investors’ capital.

Most of our investments are structured as partnerships and issue investors a Schedule K-1. Real estate investments may generate depreciation and other tax benefits that can reduce taxable income, and in some cases cost segregation can accelerate those deductions. The actual tax impact depends on each investor’s individual circumstances, so investors should review the implications with their own tax adviser.

In many cases, yes. Investors may be able to participate through a self-directed IRA or other eligible retirement account, depending on the structure of the offering and the requirements of their custodian. Our team can help coordinate the investment process, but investors should confirm the tax and account implications with their own adviser or custodian.

We suggest focusing on the fundamentals: purchase basis, in-place cash flow, rent and expense assumptions, debt structure, reserves, business plan, sponsor experience and alignment. A good investment should make sense on realistic assumptions rather than depending on everything going perfectly.

Like any real estate investment, results can be affected by occupancy, operating expenses, capital needs, financing costs, interest rates and property values. Private real estate investments are generally illiquid, and returns are not guaranteed. We seek to manage these risks through disciplined underwriting, conservative assumptions, appropriate reserves and active asset management.

Generally, investors should plan to hold for the full life of the investment. Private real estate interests are not designed to be readily traded, although transfers may sometimes be permitted subject to the governing documents and applicable requirements. Investors should therefore view the capital as committed until the investment is sold, refinanced, or otherwise exited.

If an investment is not tracking the original plan, active asset management becomes even more important. Depending on the circumstances, we may adjust leasing strategy, expenses, capital spending, financing or the timing of a sale or refinance. The objective is to respond early, protect the investment where possible and improve performance rather than simply waiting for conditions to change.

We believe investors should understand how their investment is performing throughout the hold period. We provide regular investor updates and financial reporting, and investors can access investment documents, reports, distributions and tax materials through our investor portal. Our principals also remain accessible when investors have questions about an investment.

Start by reviewing our current investment opportunities. If a particular offering interests you, you can request additional information, speak directly with our team and, when appropriate, reserve an allocation while completing the investment documents and any required accreditation verification.