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Re: Diamondhands45 post# 88153

Friday, 07/19/2024 11:37:48 AM

Friday, July 19, 2024 11:37:48 AM

Post# of 99044
Thanks!
My background is dealing with LLC structures and partnerships.
I specialize in apartment development and dealing with large development projects.

Whenever I would see "membership" buyouts it always created red flags. Especially, when you start seeing LOW percentage NOI's.
I believe Kool Aid is on to something when you see shares being structured against this that are inflated at 7,000%.

Given this was built in 2019 and likely has an existing debt in the 65% to 80% range against a 3.7% Cap Rate is not going to end well.

I hate seeing investors here getting sucked into a structure that has no room for error.