RM Crowe

[Dale Ziegenfelder]

Our $400,000 investment with RM Crowe in Imperial 20 office space in Houston was just forclosed on - our total loss. It was 91% rented when we bought in 2004, RMC let the occupancy slip to mid 70% by 2007 while the economy was good, and the last 20% drop was from the current business downturn. Had they done whatever was needed to keep the building full in good times, the bad times would have been survivable. Needless to say, we would not recommend investing with RMC.