Founder Case Study
Why I built SyndTrack
I'm an LP investor and a real estate professional. With $3.1B+ in transactions across 15 states behind me, I had institutional-grade tools in my day-to-day work, yet nothing that worked for tracking my own LP portfolio. So I built one.
Terry Kipp
Founder & CEO, SyndTrack
$3.1B+
in real estate transactions
15
states
17M+
sq ft acquired
4+ hrs
saved per month (estimated)
The problem
In my professional real estate work, I had institutional-grade tools for underwriting, deal structuring, and capital deployment. But on the LP side, where I was personally invested in syndications across multiple operators and asset classes, I was stuck with spreadsheets, email folders, and memory.
The more deals I added, the worse it got. At 10 deals, it was annoying. At 20+, it was a real operational problem. I was spending 8-10 hours a month just keeping track of my own investments.
The numbers
Time per task for a 10-deal portfolio, before and after SyndTrack.
The before column is my own logged workflow. The after column is an estimate, not a timed month: it allows 30 minutes a month for reviewing and approving what SyndTrack parses. Net of it, the table supports 4.7 hours saved a month for this portfolio, which is where the 4+ hours figure above comes from. I will replace the estimate with measured numbers once I have timed a full month.
The savings compound as the workflow gets busier.
In my own portfolio workflow, every extra sponsor email, K-1, and capital call used to add another manual step. SyndTrack keeps those steps tied to the right deal so the time model scales with the work instead of with a brittle spreadsheet.
What I built instead
SyndTrack is the tool I wanted as an LP. One dashboard for every syndication I own, with the institutional-grade analytics I was used to in my professional work. Here's what changed:
Capital calls automated
I was missing capital call deadlines because they were buried in email threads. Now I drop the sponsor's PDF into SyndTrack and it parses the amount, due date, and payment status for me to confirm before anything hits my portfolio.
Live IRR across every deal
I wanted the same institutional-grade analytics on the LP side. SyndTrack calculates XIRR in real time, blended across my entire portfolio, per deal, and per sponsor. No spreadsheet formulas to maintain.
Every document in one place
My K-1s were in email, PPMs in Dropbox, subscription docs in Drive. Now everything is linked to the right deal, searchable by type and tax year. Tax season went from 2 weeks to 20 minutes.
AI deal scoring
Before I commit capital to a new deal, I run it through the AI scorer. It scores the sponsor track record, deal structure and return projections I recorded, on a 0-100 scale, and tells me which of them my own records are too thin to judge. It is sent no market data and has no market dimension at all: this is a second opinion on my file, not market analysis.
The takeaway
I built SyndTrack because I needed it. I still use it every day to track my own LP portfolio. Every feature exists because I hit a real problem managing real investments with real capital at stake.
If you're an LP investor managing more than a handful of syndications, you know exactly what I'm talking about. The spreadsheets, the email chaos, the tax season scramble. It doesn't have to be that way.
“I've been on every side of a real estate deal. The LP side had the worst tools. That's why I built SyndTrack.”
LP investor and real estate professional · $3.1B+ in transactions across 15 states
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