On this episode of the Best Ever CRE Show, Pascal Wagner interviews Bethany LeFlam, a seasoned SEC attorney who has structured thousands of real estate syndications. They dive deep into LP protections, red flags in PPMs, and what Bethany looks for before investing passively herself. She shares how she transitioned from legal advisor to active hotel investor, what makes boutique hotels attractive, and why operators’ communication styles reveal more than any pitch deck. Bethany also explains the legal implications of capital raising, share class structures, and her stance on whether GPs should invest their own capital in deals.

Sponsors:

Vintage Capital

Capital Gains Tax Solutions

Learn more about your ad choices. Visit megaphone.fm/adchoices