Grant Cardone Capital suspending distributions to all investors

[Scott S.]

Just heard Grant Cardone (Cardone Capital) is suspending distributions to investors for April, May and June. Not surprised. REIT sector is getting decimated. Lots of margin calls and dividend cuts and suspensions across the board. And many of these are experienced, longtime REITs with great track records.

A lot of these newbie RE syndications who started in the last few years are really going to be hit hard.