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Podcast: Syndication Law & The Private Placement Memorandum Attorney
Episode: Understanding Fees and Splits: The Backbone of Your Syndication or Fund
Description: When you're setting up a syndication or a fund, it's helpful to understand the various fees and split structures that can help you earn for the work you're doing. Fees are like your pay, they should reflect the work and effort you put into managing the assets, dealing with investor relations, accounting, and market analysis. Typical fees include asset management fees, development supervision fees, property management fees, acquisition or disposition fees, and real estate agent fees.Split structures, on the other hand, are your profit from the venture. There are three common types: a waterfall split, straight...