Apartment Real Estate Investors - Continued...

The issues and matters that need to be considered by the prospective buyer for fractional multifamily housing ownership interests include:

	Calibrate your expectations.  There are three (3) different phases of project development financing opportunities.  In most cases, the pre-construction phase financing syndication requires the buyer to endure the highest levels of risk.  This means your rewards should be commensurate with the risks.  The construction phase financing syndication is one step down in terms of risk and should be a step down in terms of potential rewards.  Finally, the post-construction phase financing syndication represents the least amount of investment risk and requires the investor to assume a longer holding period to garner the financial rewards.
	Reselling your unit(s) requires there be an orderly marketing period to maximize your gain.  This usually means 90 days would be the expectation to fully take advantage of the value the market places on your particular unit.  Rainmaker does not set your unit sale price.  You do that and nobody else.
	No pre-construction phase financing or construction phase financing will be based upon yields that are not commensurate with capital market expectations and comparisons made to the public equities markets.

Understand what you are buying - a real property interest is not a security and the Securities & Exchange Commission and/or state securities regulatory boards do not have oversight and cannot provide you with the protections you would enjoy if you purchases stock ownerships or bond securities through the public exchanges.