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Updated over 1 year ago on . Most recent reply

User Stats

52
Posts
42
Votes
Scott Hibbert
  • Denver, CO
42
Votes |
52
Posts

Anyone invested in Woodmere Reserve syndication deal? Scam?

Scott Hibbert
  • Denver, CO
Posted

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

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