All Forum Posts by: Jane A.

Honestly, it depends on how things shake out in the aftermath of the CREW thing, how the properties are doing, is there money missing and so on. Although interest rates are still high, appreciation might make it worthwhile to move it up. In other words, it’s property dependent and also dependent on the financial health of the company after the dust settles.

Me too!  Liquidity is a must. Between UPDATES, CREW Investor relations emails, calls, texts and in-person talks, liquidity events were dangled in front of me a total of 32 times. Whoever has control, needs to work on making this happen. We’ve been mugged these past 15 months and it’s time to move on. 

Quote from @Alejandro Alba:

To clarify why I'm asking, I don't have high stakes in this so to pursue it on my own would be much less cost efficient. But joining forces may move the needle in the opposite direction and make it a worthwhile pursuit. 

My own personal, very limited, semi-educated opinion is we are not at a point of filing a lawsuit. I am dealing with similar issue that is significantly worse than this one. I have spoken at length to an attorney friend who works in this field and deals with these types of situations. He informed me that most any law firm taking on something like this will require a substantial fee paid up front.

At this point, my question is what would be achieved from a lawsuit? Force them to sell off everything, most likely with some at a loss, and return whatever is left over, first to the attorneys and then the creditors, and finally to us investors? Since there is "movement" in our situation, meaning all properties and funds are moving to Brian Nelson, supposedly a more reliable person than his brother, I, for one, am taking a wait and see approach. Again, this is my very limited opinion on how I'm going to deal with the situation. I am not advising anyone else to do the same.

Quote from @Steven Holman:

Quote from @Steve Cameron:

Steve - are there chances to submit questions during these seminars? 

Yes, in fact most of the time was taken up by questions. Brian plans to hold more of these webinars and provide a lot more information going forward. He still hasn't taken control of everything, Crew is apparently dragging their feet. But he expected to have control of it all in the next couple weeks. He even anticipated dividends to resume for some of the properties by August. Of course, the caveat is he has to gain control and figure out where things are with each of the properties. 

 But that is only in regards to the properties that Crew has agreed to let him take back and does not include a fair amount of them, including Vintage.

Just a quick response to give information on Faye's post about the webinar tomorrow: that is a webinar arranged by 1031crowdfunding and is only available to anyone who was placed in any of the Versity/Crew investments through their brokerage. It is not just for the one that Faye mentioned as we are not in that DST, but have access to the webinar as we are invested in Vintage.

I'm not sure what the rest of you who were on today's Zoom call with Brian Nelson and 1031Crowdfunding think, but I think Brian's plan of taking back control of everything sounds promising. Also, it sounds like it's a done deal and he will eventually take back control in the coming weeks?