In most small to medium private real estate deals, syndicators play important roles within the origination, operation, and completion phases of a real estate syndicate's life. All of the following are responsibilities of the syndicator in the operation phase of a syndicate's life EXCEPT:

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While syndicators do play important roles in managing the properties and raising additional investment capital, preparing the properties for sale is typically done in the completion phase of the syndicate's life. Therefore, the responsibility of preparing the properties for sale falls under the completion phase rather than the operation phase.

In Most Small to Medium Private Real Estate Deals, Syndicators