General Real Estate Investing
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 1 year ago,
Anyone invested in Woodmere Reserve syndication deal? Scam?
In November 2020 I invested in a syndication deal called Woodmere Reserve with Lucas Miller. It is a 200 unit apartment building in Montgomery, Alabama. I am curious if anyone else on this forum invested in it as well?
I am becoming concerned that it is a scam as I have not received a single distribution and they have stopped sending monthly updates since June 1st 2023. They were supposedly under contract to sell the property but the buyer fell through in June 2023.
I still have not received my K-1 for 2022. Last year they sent K-1s in June.
Any advice on next steps is welcomed.
Thanks