Silverstein, 366 Broadway Although syndications are big business, and it is reported that Wien alone has syndicated over $500,000,000 worth of properties, there are relatively few brokers to whom the investor can sell his syndication units if he wants to convert them to cash”perhaps a dozen in all. Probably the leading syndication broker is A. George Golden Corporation in New York. While the "13% return" on syndications is not based on accounting profits and is thus fictitious, it must be remembered that real estate has been rising in price tremendously in the last decade, so that properties built in 1950 might well sell for more than their cost when new. This appreciation in value is even more possible when it is realized that in this decade building material and labor costs have frequently doubled, so that to replace a $1,000,000 building constructed in 1950, might well cost over $2,000,000. A real estate syndication may turn out even more optimistically than anticipated in the brochures, but check it out fully.


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