Working for a GP/LP Shop

Does anyone have experience in a shop where the partners solely invest in their projects and do not take any other outside money. Acquire property, redevelop, and hold - never selling their properties.

Any reasons why they don’t take outside money (besides owning the property entirely - however, this can still be done w outside investments). What are the pros and cons. Was this good experience, etc.

Any insight would be appreciated.

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