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  ...