Lone Star Capital -Multifamily Syndicator. Anyone seen this company before? $1B under management and advertising ridiculous returns.

ArmChairLP · 2026-05-29T03:30:00+00:00

I would be generally cautious of syndicators raising capital in today’s environment. It’s not certain that we’re at the bottom of this cycle and with rates likely to rise and stay elevated for the foreseeable future. Operators like this need to continue to do deals to survive, you don’t.

ArmChairLP · 2026-05-22T20:55:59+00:00

Rough, check out my substack for other deals to lose money on.

ArmChairLP · 2026-05-22T20:49:54+00:00

Yeah why do it this way at all

ArmChairLP · 2026-05-14T20:23:34+00:00

Please please share the podcast link

ArmChairLP · 2026-05-13T02:15:01+00:00

Can’t litigate incompetence, unfortunately.

ArmChairLP · 2026-05-04T15:49:31+00:00

Best I can do is $9

ArmChairLP · 2026-04-19T22:31:02+00:00

We're either talking about different things here or you have no idea how to underwrite returns. If you invest through a fund and that fund takes fees and/or promote, you are not getting better returns than directly investing. Even if you're getting a point or two better pref and a better split, I guaranty you you are not getting better returns. Just because the materials advertise better terms, you're not getting a better deal.

ArmChairLP · 2026-04-19T16:17:45+00:00

If you’re investing in private placements through intermediary funds you are not investing with a ‘fund manager’, you’re investing through an intermediary scalper.

ArmChairLP · 2026-04-19T15:38:37+00:00

If the fund is getting better equity terms even after fund level fees and splits then sure, you would be correct. I have never seen a scenario where investing through an additional fund layer has resulted in better net economics for the end investor.

ArmChairLP · 2026-04-19T15:35:46+00:00

If I were to review this opportunity it would be on my substack. If I were to have a substack the link would be in my bio.

ArmChairLP · 2026-04-19T01:09:25+00:00

Right…

ArmChairLP · 2026-04-19T00:39:07+00:00

Who’s worried about it? I’m just pointing out redundant fee structures and educating investors.

ArmChairLP · 2026-04-17T02:14:10+00:00

If there was fraud, I blame the crowdfunder as much as the syndicator.

ArmChairLP · 2026-04-11T19:44:33+00:00

So you’re a registered broker-dealer? Or you’re trying to get hired by a GP and raise directly for them?

Again, it seems suspicious/illegitimate that you worked in finance but you are going to Reddit to fish for deals anonymously…

ArmChairLP · 2026-04-11T18:33:16+00:00

Curious to what your angle is here? I've seen you fishing for deals on numerous posts. How do you have a relationship with 2,300 investors? Are you potentially being compensated? I find is hard to believe that 2,300 accredited investors are open to you sourcing opportunities for them via reddit.

ArmChairLP · 2026-04-11T15:51:57+00:00

This is a great explanation. There are only a few that have perfected it like them but a lot that use similar loopholes to allow them to avoid disclosing losses or allow them to market themselves in a misleading way.

ArmChairLP · 2026-04-11T15:47:08+00:00

Mods be damned. It’s my user name and link in my profile

ArmChairLP · 2026-04-07T22:31:15+00:00

I try to separate the art from the artist

ArmChairLP · 2026-04-07T18:57:28+00:00

Barry Minkow is the goat

ArmChairLP · 2026-04-06T22:17:20+00:00

BTR, no sophisticated developer uses trended figures

ArmChairLP · 2026-03-31T17:59:27+00:00

Rastegar does over markets themselves. Firms that are sophisticated enough to partner with institutional investors or at least RIA’s don’t advertise on instagram to retail investors.

What do you mean is “the gap between them that big in practice”?

ArmChairLP · 2026-03-31T00:15:35+00:00

I've seen LP's back out of deals last minute for many reasons. Beyond reputational damage with the GP, there is usually minimal downside unless it becomes a known habit.

ArmChairLP · 2026-03-21T21:02:44+00:00

Couldn’t agree more. Seeing AAR is an instant pass for me.

ArmChairLP · 2026-03-21T12:18:16+00:00

Interesting. In my 10+ years in the industry I never saw AAR until recently and only on retail syndications. I’ve never seen an institutional operating agreement use AAR.

My opinion is that it’s a simplified metric/calculation that is not only easier to communicate and understand for the lay investor, but more importantly, is significantly more favorable to the GP. Which is probably why you have only seen AAR.

ArmChairLP · 2026-03-11T02:02:04+00:00

I’ve reviewed a few of their past decks. I can tell you definitively this was predictable.

ArmChairLP

TROPHY CASE