All Forum Posts by: Michael McDonald

That's great to hear. I hope they continue to follow through with all the deals.

David, Let's hope it's just slow getting to your account. This is one of those things that's hard not to have anxiety about. I've had my moments let me know what happens. Will see what January brings.

Gerry, I got last months distribution.  Hopefully this month will go other than that I don't know

Good to hear they made good on your refund Jim.  It's good to get all the input can only wait and see from hear.  Keep us posted

I agree.  If they do follow through and do what is right I would be impressed

Jim, that's what I was was thinking. Hopefully that's not the case I guess we shall see

Got an email from Realty Shares today was wondering if anyone had any insight or thoughts.  I am copying the notification.

To our platform investors and operating partners:

Five years ago, RealtyShares was founded with a mission to connect capital to opportunity. With over $870 million invested across more than 1,100 projects, we have built one of the top online real estate investment platforms. We’re helping investors meet their financial goals and deploying capital to real estate operating companies to execute value-add and development strategies for properties across the U.S.

As an early stage company, we have relied upon venture capital to fund our operations. Over the past six months, RealtyShares aggressively pursued a number of financing options to continue growing the business. Unfortunately, despite our best efforts, we were unable to secure additional capital. As a result, we will not offer new investments or accept new investors on the RealtyShares platform.

From this point forward, RealtyShares’ focus will be servicing our existing investors and approximately $400 million of assets under management. This transition will have no impact on the underlying real estate investments. Investments will continue to be managed and distributions will continue to be made. Investors will continue to receive asset management updates and year-end tax information.

We are committed to serving our existing investors and sponsors and have a team dedicated to supporting our ongoing operations.

The RealtyShares Team

Thank you for the responses.  I am getting an education on this one and have learned a lot reading through previous appraisal topics.

I am trying to sell my home in the Greenville South Carolina area that has a basement.  When the house went on the market i got 3 offers above my asking price in less than 24 hours.  The highest one coming in $20,000 over the asking price.  We did all the inspections and everything has checked out well.  The problem we are having is almost half of the finished house square footage is below grade which is a walkout basement.  The appraisal came in 50k below the contract.  Any recommendations