All Forum Posts by: David Walser

I don’t know what the best solution would be at this point. It just seems that we need to do something to protect our investments. There is a LOT of monthly income from the properties and I’m not sure it is being spent in the investors best interest. 

Everything is a lie? Hum…oh…you mean pausing distributions for 1-2 months…the day after we were expecting the distributions on May 15, 2024? Bad stuff going on.

Is everyone getting excited about the upcoming State of the Union for our properties and Crew assets? We were told in our 4th quarter reports to expect this in the coming weeks…should be any day now.

The process will be expensive. At this point, I think we're just out our monthly distributions and legal fees would be expensive to try to collect that now. My long term concern is that Crew will destroy the future sales value of the properties. I would like to figure out a way to get the properties into some sort of a receivership to protect the cash flow and keep them from pilfering further. It seems that there are over 20 properties that could be in this predicament. I've connected with Brett via email and expect to have a phone chat later this week. We'll be attending an investor day DST event with a Kay Properties in Torrance, CA on April 23rd. I'm hoping to get some good advice about going after our broker from that event. At this point our broker isn't responding to my emails.

Quote from @David Walser:

Do you know about Astoria in Celebration,FL? It’s another Versity/Crew disaster. 

Brett, Thanks for your work on the Crew properties. My other half and I, separately, own Wolf Run, Astoria, Shadowglen and Vintage. I see that you have all of these on your list. I’m not sure what else you’re looking for. All of ours have finally re-started distributions at the NEW low rate. This after 10 months of a 1-2 month pause.

I have read your thread and will now check out the Reddit link. It seems that there ought to be lots of pissed off investors into this fiasco but I’m just getting started digging in further. My investment advisor isn’t responding to my emails. 

Do you know about Astoria in Celebration,FL? It’s another Versity/Crew disaster.