The initial success of any apartment syndication takes place soon after the closing. Aside from squaring away agreements, capital raise, lender contracts, SEC filings, and more, reassessing the property is equally critical. A lot can change in the 30 – 60 days from when we tour a property during due diligence to when we close. Our first priority is to bring in property management to do their turnover, gather insight into potential problems on the property, and create a priority list of tasks in order to begin stabilizing the property. The faster the takeover the shorter the downtime, that’s why we ensure that every syndication has a team at the ready to control the property, identify critical items and maintain a high quality of service to residents.