URL:
Location:
San Diego, CA
Niche:
Multi-Family
Prior::
Realty Mogul

Overall:

Communication/Reporting:

Track Record/Performance:

Sponsor Fees:

Due Diligence & Discussions

Share your experience. Rate and comment!

Patrick Gillooly

Mar 16, 2019

I invested in Texas MF in 2018 with this sponsor.  Year-end 2018 update revealed below pro-forma NOI and cash-on-cash.  Expected distribution in February 2019 was not made.  Comunidad reports they "suspended distributions in order to build up cash reserves and cover ongoing operating and capital expenses at the Property"

I will not be investing in future offerings from this sponsor.

CL W

Sep 30, 2017

Invested in Texas MF.  Beating pro forma and delivering well on their original plan (rehabbing units, raising rents).  Good quarterly reporting.  Strong cash flow and distributions.

C H

Jun 03, 2017

I invested in a project by this sponsor through RealtyMogul. Been happy with the performance so far and is beating pro forma. However, my one main concern is when I have attempted to reach out to the company directly to invest in future projects, I've never once gotten a reply.

Tim C

May 12, 2017

**Updated on the review.  05/12/17    Spoke to RM about my questions.  Since the deal was on RM, I should of contacted RM to get my questions answered instead of contacting the sponsor directly.  Sponsor went throught RM for this very reason.. so they could focus on the project and not deal with 100s of investor calls/emails.  The project is currently beating proforma and firing on all cylinders.   

Tim C

Feb 10, 2017

 Have on deal with them in TX, they are executing on the value add plan and driving rents higher as projected.  Small group focused on the Hispanic market.  Expenses were running high all year due to taxes being under estimated in the proforma.  They have exceeded projections last quarter but still for the year still trailing proforma. They have said now that they have stabilized the property projections should exceed going forward.   I invested with them through RM, they don't respond well to emails or calls.  .

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Comunidad Realty Partners Comunidad Realty Partners
Rated 2.9/5 based on 9 customer reviews