Crowdfund / Private REIT / Syndication

yes. PM me, I have syndicated 24 offerings

Thanks for the reply! +1 banana VEREIT basically owns COLE Capital, don't know the whole background of it though. I think what I really meant to ask was more about Private REITs and how they operated...which was found in your link as well- Thx

I believe you can just form a TIC...

As mentioned above, a TIC structure can be formed. But if the owner is a 4+ TIC structure, you start crossing lenders off your lists due to the complexity and boilerplate loan docs no longer being applicable at that level.
I have often seen single asset LLC structures where the Sponsor is managing member say 25% ownership and the outside investors are non-managing members (75% ownership). The terms between the two parties will be described in the operating agreement. A limited partnership structure can also own the asset.
I’d recommend speaking with an experienced real estate entrepreneur or attorney who has personally set up these various ownership structures.

TIC is a specific structure, typically used for tax deferrals. Not the best vehicle for your situation.

If you do what you describe, it is a securities offering. Better questions are: 1. Should I use a PPM? 2. Do I need to register with a BD?

I know this is old so PM me if you have more questions.

why don't you do a cash out REFI? debt is cheaper than equity so that will JUICE returns.

i think this is a better option than selling equity interest that require a higher return from investors at the peak of the market. only reason why you will sell equity is if you want to sell to dumb money and not pay them quarterly cash flow dividends, etc. also, you can REFI at a 1.4x DSCR to have enough cushion for a downturn while still taking out some cash. if you bought in 2012, that thing must be BLOWING crazy ass cash flow by now.