REM Capital - Robert Ritzenthaler - Thoughts?

[Manshi M.]

Has anyone from this group invested with REM Capital? I am considering investing in one of their syndication projects in Texas. Since we have not worked with this group before, I am hoping to get some references.

[John Jasko]

Quote from @Manshi M.:

Has anyone from this group invested with REM Capital? I am considering investing in one of their syndication projects in Texas. Since we have not worked with this group before, I am hoping to get some references.

 I have and it has gone badly.  Robert mixed funds among separate investment properties which has hurt the all of those properties.  The one am in (in Atlanta) is in disrepair with many squatters.  Robert has been removed from the project and Rod Khalif has been brought in as the "fixer."  I hope he can salvage some of our money.