Would You Invest Without a Preferred Return? | Episode 63: I Own a Shopping Center, Now What?
Description
Syndication structures are changing—and in this episode, Beth Azor unpacks exactly how. From preferred returns and promotes to unusual LP terms and fee-loaded deals, Beth breaks down the many syndication models she’s encountered—both as an LP and a GP. She shares what she looks for before investing, the red flags that turn her off, and the structure she prefers when raising money herself. Whether you're a new sponsor or an LP eyeing your next investment, you'll walk away with tactical insight on evaluating and designing win-win syndication deals.
✅ Key Takeaways:
-Preferred returns vary with market conditions-Promotes typically kick in after full LP return
-Sponsors should have skin in the game-Some are raising without preferred returns or promotes
-Fee-heavy structures are common—but not always justifiedLPs want transparency, alignment, and realistic projections
-Creatively structured deals can benefit all parties-Fundraising speed often reflects investor trust.
BECOME A COMMERCIAL REAL ESTATE ROCKSTAR: https://www.bethazor.com/https://www.azoracademy.com/For more commercial real estate training: https://www.bethazor.com/training/
FOLLOW ME ON SOCIAL
Facebook: https://www.facebook.com/azoradvisoryservices/
Twitter: https://twitter.com/bethazor1
Instagram: https://www.instagram.com/bethazor/
Linkedin: https://www.linkedin.com/company/6315636/#retailleasing
#commercialrealestateinvesting #retailleasingcoach #bethazor
United States
