What is a generic term for a group of individuals who join together to invest in real estate?

A syndicate is indeed a generic term for a group of individuals who join together to invest in real estate. This structure allows multiple investors to pool their resources to purchase, develop, or manage real estate projects that might be too large or complex for individual investors to handle alone. Syndicates typically involve a general partner who manages the investment and limited partners who provide capital but have limited involvement in the day-to-day operations.

While partnerships and real estate investment trusts (REITs) are also methods by which individuals can invest in real estate, they have specific legal frameworks and characteristics that distinguish them from a syndicate. A cooperative typically refers to a housing arrangement where residents own shares in the entire property rather than individual units, making it distinct from the investment focus of a syndicate. Thus, the term syndicate encompasses a broader range of collective real estate investments.