Free for Accredited Investors

The 47-Point Syndication Due Diligence Checklist

The same DD framework institutional LPs use — adapted for individual accredited investors. Don't commit capital without checking every box.

Why this matters now

CrowdStreet investors lost $63M+ in the Nightingale fraud. The $1B class-action lawsuit revealed the platform had no escrow protections and inadequate sponsor vetting. This checklist catches the red flags they missed.

47 checkpoints 4 DD categories Free instant download Instant PDF

Download Free Checklist

Enter your email and we'll send the PDF instantly. You'll also get our free Market Pulse newsletter and a preview of The Summit tier.

Free forever · No spam · Unsubscribe anytime

What the Checklist Covers

47 specific items across 4 due diligence categories. Each item includes what to look for, red flags, and the question to ask the sponsor.

Sponsor Evaluation (15 items)

  • Track record verification
  • SEC/FINRA history check
  • GP co-investment percentage
  • Fee structure analysis
  • Communication quality review

+ 10 more items in the full checklist

Market & Deal Analysis (12 items)

  • Market fundamentals assessment
  • Submarket supply pipeline
  • Rent growth assumptions stress test
  • Exit cap rate sensitivity
  • Business plan realism check

+ 7 more items in the full checklist

Financial Review (10 items)

  • Debt structure analysis
  • Rate cap verification
  • Break-even occupancy calc
  • Waterfall structure review
  • Preferred return terms

+ 5 more items in the full checklist

Legal & Structural (10 items)

  • PPM red flag checklist
  • Operating agreement investor protections
  • Manager replacement clauses
  • Distribution timing requirements
  • Exit strategy contingencies

+ 5 more items in the full checklist

Built for the Post-CrowdStreet Era

After the Nightingale fraud exposed $63M in investor losses, the syndication marketplace needs better individual investor due diligence. This checklist was developed from institutional LP best practices and refined with input from experienced passive investors and real estate attorneys.

Protect Your Capital

Download the free DD checklist. Never commit LP capital without it.