This article outlines the essential documents required to establish a real estate syndication or fund. These documents serve to define the investment opportunity, structure its operations, and ensure legal compliance.

1. Private Placement Memorandum (PPM):
   A disclosure document that includes investment details, risks, financial projections, and legal structures. It ensures transparency and compliance with securities laws.
2. Subscription Agreement:
   A formal contract between the investor and syndicator detailing the investment amount, risks, and terms, providing a legal framework for the partnership.
3. Operating Agreement:
   For LLCs, this governs roles, profit distribution, capital contributions, and dissolution procedures, ensuring smooth operations.
4. Limited Partnership Agreement (LPA):
   For partnerships, it defines roles of general and limited partners, capital contributions, and exit provisions.
5. Property Management Agreement:
   Details property management responsibilities, fees, and services to align with the investment strategy.

By preparing these documents with the help of experienced legal professionals, such as real estate syndication attorneys, you can build a solid foundation for a successful fund while ensuring investor trust and regulatory compliance.

https://www.cre.law/what-documents-do-you-need-to-set-up-a-real-estate-syndication-or-fund/