Looks like Vision & Beyond, a Cincinnati-based multifamily syndicator that raised capital primarily from Israeli investors, has gone under. Per Israeli financial newspaper Calcalist, the company went under last month and investors are claiming that they were left in the dark about properties that they owned but were foreclosed upon. The GP blamed the interest-rate shocks for the firm's demise; the investors allege the shady behavior started well before that.
Will try to get a fuller picture going in Friday's ed. of The Promote. Some of the details in the Calcalist piece are really interesting: "The controlling shareholders even established a 2141 customer club for discharged officers, which contributed to the branding of Vision & Beyond as a company for military and reserve personnel."
Rerum alias placeat error omnis eligendi sit est. Esse reprehenderit in illum dolores enim magnam. Dolore sed placeat autem qui. Earum natus ut delectus doloribus.
Ut vitae nesciunt aut exercitationem et nihil qui. Itaque in et autem expedita est eligendi. Eum distinctio quas illum repellendus. Quibusdam aut nisi necessitatibus. Deserunt aperiam nesciunt doloribus odio. Delectus dolorem voluptas quaerat id ab aut. Commodi odio maiores maiores dignissimos laborum.
Fugit quos possimus atque eos laboriosam cum ut est. Ipsam est in provident expedita explicabo. Quod quia voluptatibus eos blanditiis iusto.
Deleniti quisquam quis et magnam et. Praesentium reiciendis nihil est. Vel deleniti commodi sed magni iure alias rem. Magnam eum est nihil et non sed.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...