Right now there's huge concentration, but as this continues to build out and we see north of the high 30s GW by 10 years from now it'll be almost a requirement to keep some type of locality based risk assessment and to diversify. 

If it would concentrate on rent collection only and do it well, it might be okay.

I read Brian Burke’s book and concluded I wanted to go with a syndicator who was vertically integrated in all phases and also geographically concentrated such that they were experts in one  location.

If it would concentrate on rent collection only and do it well, it might be okay.

And it also concentrates the equity in your remaining property. 

While RAD also concentrates on areas of Texas, Idaho, California, and Florida for its growing portfolio of rental properties, according to the January offering circular, Philadelphia has been its primary locus of activity.

In terms of my goals, I concentrate/focus on three metrics (and cash flow isn't one of them because that can be manipulated). 

for infill I concentrated on Charleston Sc and built about 35 homes in that market. uber competitive for dirt though they are running out of it and the city wont let you tear down homes in many cases because of historic considerations.

Regardless of socio-economic status, a significant proportion of wealth is concentrated in prime real estate, especially in these areas.

I only hope they will have a concentrated effort to right the ship, be forthcoming about the blindspots, recovering for you and all the other investors in Fund 4.