What SEC compliance is required for Texas syndications?

Most Texas syndications operate under SEC Regulation D, typically Rule 506(b) or 506(c). You must file Form D with the SEC within 15 days of your first sale, plus a notice filing with the Texas State Securities Board ($300 fee). The Fort Worth SEC Regional Office oversees Texas.

How do I verify accredited investors in Texas?

For 506(b) offerings, investors self-certify accreditation. For 506(c) offerings (which allow general solicitation), you must take "reasonable steps" to verify—typically third-party verification letters from CPAs, attorneys, or specialized services. FundFlow automates both workflows.

What distributions do Texas multifamily syndicators typically pay?

Texas multifamily syndications commonly offer 6-8% preferred returns with profit splits (typically 70/30 or 80/20 in favor of LPs) after return of capital. FundFlow calculates waterfall distributions automatically based on your deal terms.

What are the compliance requirements for raising capital in Texas?

Texas requires Form D notice filing within 15 days after first sale. The filing fee is $300, and processing typically takes 2-3 weeks. Texas also allows domestic Series LLC formation ($300 filing fee).

Texas Syndication

Real Estate Syndication Software for Texas GPs

Texas stands as one of the most favorable states for real estate syndication and fund formation. With a population exceeding 30 million and robust job growth in Dallas-Fort Worth, Houston, and Austin, the Lone Star State offers GPs exceptional deal flow and a deep pool of accredited investors. Texas was among the first states to adopt Series LLC legislation in 2009, allowing fund managers to create separate liability-protected series within a single LLC structure—ideal for operators running multiple syndications simultaneously.

$331,000

Median Home Price

6.2%

Avg Cap Rate

30,503,301

Population

3.8%

YoY Appreciation

Texas Syndication Compliance

Series LLC

Domestic formation allowed since 2009

$300 filing fee

Blue Sky Filing

Required within 15 days after first sale

$300 fee • 2-3 weeks

Key Compliance Points

Domestic Series LLC formation since 2009 ($300 filing fee)
No state income tax on pass-through entities
Form D notice filing required within 15 days of first sale
Texas Securities Board processes filings in 2-3 weeks

Source: Texas Business Organizations Code § 101.601

Texas Real Estate Market for Syndicators

Key metrics for syndication opportunities in Texas.

$331,000

Median Home Price

6.2%

Average Cap Rate

3.8%

YoY Appreciation

$300

Blue Sky Filing Fee

Market Highlights

Median home price $331K (below national average)

Average cap rates 6.2% for multifamily

Year-over-year appreciation 3.8%

Strong population growth driving rental demand

Texas Syndication Compliance Requirements

Essential legal and regulatory information for raising capital in Texas.

Series LLC Formation

Available

Formation Year2009

Filing Fee$300

Annual ReportNot Required

Texas allows domestic Series LLC formation with strong asset protection between series.

Source: Texas Business Organizations Code § 101.601

Blue Sky Filing

Required

Filing Fee

$300

Processing Time

2-3 weeks

Deadline

15 days after first sale

Form D notice filing required within 15 days of first sale in Texas.

Source: Texas Securities Act § 139.25

SEC Regional Office

Fort Worth Regional Office

Address

801 Cherry Street, Suite 1900, Fort Worth, TX 76102

Phone

(817) 978-3821

Major Markets in Texas

Explore syndication opportunities in Texas's largest metros.

Dallas-Fort Worth

TX Metro Area

7.7 million metro population (4th largest in US)

Houston

TX Metro Area

Most diverse economy in Texas

Austin

TX Metro Area

Top tech hub: Apple, Google, Tesla, Meta presence

Frequently Asked Questions

Common questions about real estate syndication in Texas.

Texas Series LLCs allow operators to create multiple liability-protected "series" within a single entity. Each series can hold a separate property, keeping investors in one deal protected from liabilities in another. Texas adopted this structure in 2009 under Business Organizations Code § 101.601.

Ready to Scale Your Texas Syndication Business?

Join operators who've automated their back office with FundFlow. AI agents handle investor verification, distributions, and compliance while you focus on deals.

Automated accreditation verification

Waterfall distribution calculations

SEC-compliant document generation

Multi-state Blue Sky tracking