how it works
A typical real estate syndication starts when the sponsor (or general partner [GP]) identifies a property to acquire, then generates a projection (or pro forma) of performance, often based on significant improvements to the property that he or she plans to make.
The GP then finds investors (or limited partners [LP]) to put money into the deal. In exchange for the legwork, the GP assesses various management and performance fees and, if successful, a reasonable return to the LP. However, that return may take years to materialize, and is often largely dependent on the sale of the asset.
CONVIR has turned that model on its head. We buy the assets ourselves, ensure they are stabilized and cash flowing, and only then find our LPs, to whom we offer a fixed total return and distribution schedule. Goodbye, guesswork.
None of this works without honesty and understanding, including with regard to the risks. So please peruse our website, and of course, reach out.