Nov 06, 2018
UPDATE OCTOBER 2019 - WM is selling off a portion of portfolio that is most troublesome and will focus on the better properties. Hopefully this will bear out and will return some capital and WM can stabilize the other properties.
UPDATE AUGUST 2019 - Performance has slipped in Funds III and IV quarter over quarter with DSCR in Fund III dropping below 1.0 which is very concerning. Sponsor blames property management but this is a very tough class to manage. Holding breath that they turn it around.
Invested last year in fund IV. So far so good. Like the class C MF diversity it adds to my portfolio. Tom has been a pleasure to work with. Wait and see on their new Southeast fund as it’s a new area for them..