Structuring Syndications for Equestrian Facility Investments [Ira J Gumberg]
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Bringing together the right investors for equestrian facilities demands a more nuanced approach than many traditional real estate syndications. Investors in these projects often possess a financial interest and a personal passion for the equestrian world, which alters both the expectations and the responsibilities involved. Successful equestrian syndication efforts must reflect the unique operational demands, high-touch capital requirements, and non-standard valuation triggers inherent to industry properties. Without aligning structure, capital planning, and operational oversight from the outset, syndications targeting these assets can quickly drift from financial viability. Building Financial Architecture Around Operational Realities Equestrian facilities differ from conventional asset classes in ways that dramatically impact capital structuring. Revenue streams rarely stabilize neatly; instead, they fluctuate based on boarding occupancy, ev...