For those new to commercial real estate, understanding the roles of General Partners (GPs) and Limited Partners (LPs) in syndication deals is essential. This blog outlines the journey of a passive investor learning the importance of these roles, highlighting how GPs handle deal structuring, management, and investor communications, while LPs contribute capital and share in the profits. The key takeaway? Even as a passive investor, thorough due diligence—especially when evaluating the sponsor—is critical to success.