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The Best Ever CRE Show

JF 3857: Structuring Smart Syndications, Vetting Operators, and Going Active Ft. Bethany LeFlam

Mar 27, 2025
Bethany LeFlam, a seasoned SEC attorney turned active hotel investor, shares her expertise in structuring real estate syndications. She discusses vital LP protections and red flags in PPMs that investors should be aware of. Bethany's transition from passive investing to focusing on boutique hotels highlights the importance of operator vetting and effective communication. She also explores legal aspects of capital raising, the implications of GPs co-investing, and her innovative concept of 'Other People's Everything' for wealth creation.
01:04:56

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Quick takeaways

  • Mobile home parks are deemed recession-resilient due to high tenant retention, offering stable income streams for long-term investments.
  • Understanding legal protections and thorough vetting of syndication documents is essential for passive investors to avoid potential pitfalls.

Deep dives

Investing in Mobile Home Parks

Investing in mobile home parks is highlighted as a recession-resilient asset class, providing potential investors with opportunities to diversify their portfolios. The tenant retention rate is notably high, with average tenants staying 10 to 12 years compared to shorter durations in multifamily residential settings. This long-term occupancy contributes to steady income streams, making mobile home parks attractive for generating reliable returns even during economic downturns. Additionally, the depreciation benefits associated with these investments can enhance the tax advantages for property owners.

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