Realty Shares - shutting down

[Lance Tokuda]

Hello, this is an update on Realty Shares in case you were curious about the service.  They just announced that they are shutting down new deals and using remaining funds to service existing investments.  

I invested in approximately 15 deals with Realty Shares over the past 3 years.  The highest return is over 30% and many deals exited at over 10% annualized.  One deal was fraudulent (loss of capital) and made national news:  https://www.nbcnews.com/politics/justice-departmen...  3+ other deals are in jeopardy and risk loss of capital.  At this point, I would guess a 7% return overall when everything is done.

Realty Mogul claims to be solvent and my contact there said that they were more conservative on deals leading to a lower default rate.  Some deals that appeared on Realty Shares were passed up by Realty Mogul.  Check you Realty Mogul if you are looking for crowdfunding deals with at 15%+ return potential.  You must be an accredited investor.  

I have also invested in the Fundrise growth fund but won't know the actual returns until they exit (5-year holding period).