A presentation and legal document given to investors for their investment consideration summarizing a potential deal. The memorandum will typically highlight various aspects of the investment such as a detailed description of the property, the location and relevant demographic trends, a financial summary, pictures, comparable sales and/or rentals, and any other information pertinent to the transaction.The Offering Memorandum is similar to the Financing Memorandum in format and content, but the offering is for a real estate equity rather than debt investment.