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Updated 4 months ago,
Grocapitus - experience with syndications that have exited
I'm considering investing with Grocapitus for the first time in their value add syndication in Chattanooga TN (https://grocapitus.com/funds/mtr/investor-kit/). I read through a long thread from several years ago about Neal Bawa and GC but didn't see anyone giving feedback on a project that had sold to completion. There were complaints about a new construction in New Braunfels, but that is different from a value add.
At this point, their website (https://grocapitus.com/our-portfolio/) shows 6 completed MF exits, in GA, FL, TX, AZ and SC, with IRR from 16 to 21%. Most have exited since the earlier thread's activity, so I'm starting a fresh thread asking members here, did you participate in any of the completed deals and was your experience and return as advertised?
Please respond only about Grocapitus deals, not ones from Neal's previous operator or general comments about him or his underwriting methodology. I'm only interested in the Grocapitus track record. Thanks.