highlighted review
Verified Investor
1.00
"Lack of diligence and staying up to date on the investment. Communication reduced over time."
Updated Review (1 out of 5 stars): The communication has stalled - no updates, no K1s, no financials. If or when responses come, they are much delayed (I wish the communication was as active and proactive as the new deal alerts or social media marketing posts). At this point I am hoping for a miracle. Original Review (3 out of 5 stars): I have not been pleased with the level of diligence and the sponsor's lack of familiarity with the financial details of the business and the underlying investment. The frequency of their marketing communications (presenting new deals) was steady when instead more frequent and substantive updates were needed on the failing investment itself (with specific financials, actions steps, key dates, etc.). Most of the communications, with a few exceptions, appeared to be forwarded emails from the operator or fellow managers and arrived with a delay. It turned out this sponsor had not been monitoring the financial performance and when the news of investment failure was delivered, it was not only a surprise but it was also too late to turn the ship. The one positive (which is important) is that at least the sponsor remained responsive to calls/texts/emails throughout the troubled period and before the investment exit. He is a very nice person. I will likely not be investing with that group again for the reasons stated above.
Verified Investor
1.00
"Lack of diligence and staying up to date on the investment. Communication reduced over time."
Updated Review (1 out of 5 stars): The communication has stalled - no updates, no K1s, no financials. If or when responses come, they are much delayed (I wish the communication was as active and proactive as the new deal alerts or social media marketing posts). At this point I am hoping for a miracle. Original Review (3 out of 5 stars): I have not been pleased with the level of diligence and the sponsor's lack of familiarity with the financial details of the business and the underlying investment. The frequency of their marketing communications (presenting new deals) was steady when instead more frequent and substantive updates were needed on the failing investment itself (with specific financials, actions steps, key dates, etc.). Most of the communications, with a few exceptions, appeared to be forwarded emails from the operator or fellow managers and arrived with a delay. It turned out this sponsor had not been monitoring the financial performance and when the news of investment failure was delivered, it was not only a surprise but it was also too late to turn the ship. The one positive (which is important) is that at least the sponsor remained responsive to calls/texts/emails throughout the troubled period and before the investment exit. He is a very nice person. I will likely not be investing with that group again for the reasons stated above.
1.00
Overview
We help individuals become financially free through investing in apartment buildings. We provide education, resources, and opportunities for investors to be involved in upcoming investment opportunities.
Address
Year Founded
2019
Operates In
N/A
Asset Classes
ATM
Multifamily
Accepted Investors
Accredited
