A temporary professional financial services alliance formed for the purpose of handling a large apartment transaction that would be hard or impossible for the entities involved to handle individually, which allows companies to pool their resources and share risks and returns. In multi-family transactions, a syndication is typically a partnership between general partners (i.e. the syndicator) and the limited partners (i.e. the investors)
to acquire, manage and sell an apartment community while sharing in the profits.
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