b'To manage a real estate syndicate or fund. In this application, the asset manager is a joint venture whose members jobs are to syndicate a property, and all that that entails.To enhance the buying power of your syndicate or fund in a joint venture, where your syndicate or fund is one member and the other member is a private equity fund or family office that contributesor more of the funds needed to acquire the property. In this scenario, the joint venture owns the property, and the joint venture members split profits at the property level.Well start with a joint venture, a diagram of which is shown below: Specified OfferingThefollowingmodeldescribesaspecifiedoffering(i.e.,syndicate) usingequityinvestors(ClassA),amanagementclass(ClassB)anda separate asset management entity, whose purpose is to acquire a single, commercial property. 163'