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49
Posts
8
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David Ptak
  • Investor
  • San Diego, CA
8
Votes |
49
Posts

General Partner on Motel Investment has gone silent!!!

David Ptak
  • Investor
  • San Diego, CA
Posted

I participated in an investment in a motel property under the Brand "Extend-a-Suites" in El Paso, TX. The GP named David Gerlt out of Newport Beach, CA used Quinalt Investments, LLC as the operating business for the investment. 

This David Gerlt a member of Bigger Pockets has disappeared. I can't reach him. I've tried emails, phone, bigger pockets. This guy took my investment and disappeared. 

If there Is anyone that can offer their expertise on what options I may have I would greatly appreciate it. This person sent an annual report and a few letters updating the investors on the motel but that all ended in 2020. It's been 4 years now and I've heard nothing.

Thanks in advance for any replies!

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10,513
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JD Martin
  • Rock Star Extraordinaire
  • Northeast, TN
16,879
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10,513
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JD Martin
  • Rock Star Extraordinaire
  • Northeast, TN
ModeratorReplied
Quote from @David Ptak:

I participated in an investment in a motel property under the Brand "Extend-a-Suites" in El Paso, TX. The GP named David Gerlt out of Newport Beach, CA used Quinalt Investments, LLC as the operating business for the investment. 

This David Gerlt a member of Bigger Pockets has disappeared. I can't reach him. I've tried emails, phone, bigger pockets. This guy took my investment and disappeared. 

If there Is anyone that can offer their expertise on what options I may have I would greatly appreciate it. This person sent an annual report and a few letters updating the investors on the motel but that all ended in 2020. It's been 4 years now and I've heard nothing.

Thanks in advance for any replies!

 Just out of curiosity, what took you so long to start looking for him? 2020 was 4 years ago; it seems to me that time was of the essence in trying to salvage an investment. 

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Skyline Properties

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