r/Syndications

Just watched a disturbing podcast hosted by two GPs and sponsors of a failing deal I am in insulting LPs for being concerned distributions never paid out or never began or that the deals are way under occupancy, etc. It was titled "How to manage LP expectations." At one point one of the partners said, "we couldn't stress test for ICE coming in and raiding our apartments and construction site and LP's should understand that" and then went on to say,"investors are concerned about being paid $75 or $100 a month in distributions when that won't even put gas in the tank." WOW-- is this what it has come to? Insulting investors who put money into their (now failing) deals. Some of these syndicators are some of the most arrogant, finger pointing young men I have ever come across. Not all I am sure, but unfortunately I picked bad twice now and I'm highly insulted by this podcast

In my experience, Ashland Greene demonstrated significant incompetence in managing an investment involving a 55+ apartment complex in Willow Park, Texas. The local management team ran the property poorly, and there appeared to be very little meaningful oversight or accountability from upper management. Operational issues were not addressed effectively, and the investment ultimately performed disastrously for limited partners.

As a result, every investor except the general partner lost their equity in the deal. Based on this experience, I would strongly caution anyone considering investing with this firm. Personally, I would not entrust them with my investment capital if preserving your money and protecting investor interests are priorities.

I invested 100k in a large apartment complex in 2023. Earned $0 so far and projected exit in 2030 with now an EM of 1.3x. 30k if that in 7 years is a joke. How can I go about selling my shares and getting my initial 100k back without any upside potential and leave to go do my own thing. Im earning 3% monthly lending to fix and flip teams. This has been my worst investment so far. Do you think the GP would buy me out?

What are the most common struggles you’re facing? What are you raising for?