Private Placement Memorandum: The Sophisticated Investor’s Guide
In real estate the PPM is EVERYTHING.
It’s here you’ll learn about the money in the deal and how you, the investor, get paid.
What is a PPM?
A Private Placement Memorandum, or PPM, discloses everything an investor needs to make a decision to provide funding.
These legal documents are required by the SEC when making an offering to the public.
(stocks have a prospectus while multifamily syndications have a PPM)
So every potential investor should read (and understand) the PPM. But do they? Not so much.
Let’s change that for you.
To simplify it, we’ve broken the PPM into three discussions: