Real estate syndication involves pooling funds from multiple investors to invest in a real estate project. As with any investment, there are risks associated with real estate syndication, including: Market Risk: Real estate values can fluctuate based on changes in the local or national economy, interest rates, and other factors outside of the syndicate’s control. Operational Risk: The success of the investment can be influenced by the ability of the syndicator to properly manage the property, attract tenants, and maintain the property. Legal Risk: Real estate syndications are subject to federal and state securities laws, and non-compliance can result in penalties and legal action. Liquidity Risk: Real estate syndications typically involve a long-term investment, and there may not be a ready market to sell the investment if needed. Other Risks: Other risks may include construction delays, unforeseen expenses, and natural disasters