First National Realty Partners: Any Experience Or Knowledge

[John Thedford]

I found this company on FB. They are offering a part ownership in two large grocery store anchored strips in the NE. They are claiming a projected first year cash return of 8% with an IRR of 16%. The project is 36.5M and buy-in is 50K or more. This would be my first time buying into a deal like this. It is a DE corporation and ownership of the strips will be held in an LLC. I know NOTHING about these types of transactions and I am hesitant to just give someone 50K without a good understanding of what I may be getting myself into.

[GREGG ROOD]

I just came across these folks through an unsolicited banner advertisement. Their website is fancy, presentation professional, and history of "past deals" and activity looks compelling. However, I tried to conduct some research on the two firm founders - Anthony Grosso and Christopher Palermo - to find out where they worked before, what expertise they had managing CRE, who they were associated with, etc. - typical due diligence items to gain confidence and assess credibility before turning over any of my hard earned money. I was unable to find any information on either of them from before 2016 when they self-published a book on CRE. One partner was the author of the book and the other partner wrote the forward. On the company's website, they do not publish ANY information on any of their past deals historical performance, actual to pro-forma results, or full cycle results. Way too many Red Flags and lack of transparency. I would be EXTREMELY CAUTIOUS!!!