Any experience with on-line investment group CADRE?

[Thomas Humbert]

Thinking of investing with project-specific on-line investment group called CADRE. Not sure of their reputation. They are making Opportunity Zone investments on an individual project basis. Is this a legitimate group with legitimate passive income and limited liability exposure? New to this type and method of investment. Plus, new to this company.

[Greg Dickerson]

@Thomas Humbert do you have a capital gain you need to invest? 

Ozones as you know are very new as are the funds that have been created to invest in them. 

CADRE has assembled a team of former Wall Street investment bankers to invest in large chunks of equity in Ozone projects. These types of projects do carry more risk than traditional syndications as they are ground up developments and heavy renovations. They are too new to have any sort of performance track record. It’s all speculation.