Andrea Mitchell has joined a real estate syndicate.The syndicate she belongs to was formed by one individual who sold participation units to Andrea and several others.The individual who sold the participation units has unlimited liability and manages the property.Andrea and the others can only lose their initial investment.What type of real estate syndicate has Andrea joined?

Question

Quizplus · Accepted Answer

Andrea has joined a limited partnership. The individual who sold the participation units and manages the property has unlimited liability, which is a characteristic of a general partner. Andrea and the others are limited partners and can only lose their initial investment. This is a typical structure of a limited partnership in the real estate industry.

Andrea Mitchell Has Joined a Real Estate Syndicate