EPISODE · Aug 23, 2025 · 44 MIN
How to Protect Investors & Keep Syndication Deals Alive — with Dugan Kelley
from Multifamily Investor Playbook
In this episode of The Multifamily Investor Playbook, John Makarewicz talks with Dugan Kelley, co-founder of Kelly Clark, PC. Dugan is the chair of the firm’s Securities and Real Estate Practice Group. With over 20 years of experience and $2 Billion+ in deals, he explains why securities attorneys are so important in real estate syndications—and what passive investors should know before sending money into a deal.Why every real estate syndication is a securities transaction — and what that means for operators and investors.How securities attorneys safeguard deals and protect investors.What passive investors should look for in offering documents before wiring funds.Why clear communication is the most powerful tool for building investor trust (and why “hope is not a strategy”).Lessons learned from past market cycles and the risks of floating-rate debt.How the “Big, Beautiful Bill” brings back bonus depreciation through 2032 — a huge win for CRE investors.👉 To learn more about Kelly Clark Law, PC, visit: https://kelleyclarkelaw.com/🔔 Subscribe for more episodes from the Multifamily Investor Playbook.📩 Want to invest with us? Visit https://fulloutinvesting.com to explore current offerings and download a sample deal.
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How to Protect Investors & Keep Syndication Deals Alive — with Dugan Kelley
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