David O.
It seemed to be growing nicely on the…
It seemed to be growing nicely on the investments, but suddenly in October of 2021 they stopped posting dividends to any of my investments, they made it near impossible to see the progress or documentation around my investments, there’s no information on when my investments will mature, and responsiveness from support is non existent. At this point and based on the above, I’m assuming they stole my money. They claim to provide dividends monthly but they stopped doing so in October 2021. Their app now has under 100 users and is reduced to no useful functionality, and the one responding to stuff just copied templates and doesn’t actually address the support question. They lost my trust and the latest is that my investment counter is not 5 years from when I start “investing”, but 5 years from when their REIT is fully funded.
Response from DiversyFundMar 29, 2022
The REIT is designed to build wealth over an extended period of time. We acquire multifamily properties with approximately 200+units and do what is called a "value-add play". We add value to the building via renovations, this allows us to increase rents and it also means the renovated building is worth more than what we acquired it for. The properties we acquire are typically in areas with strong job growth and population growth and vacancy rates below the national average. Dividends are generated monthly from incoming rents and automatically reinvested on your behalf, while the fund is open for funding. Once the funding stage is complete, the investment term is approximately 5 years, allowing us to renovate and add value to the properties. Real estate also naturally appreciates over time. All of these things combined allow us to target a higher return. I've provided a few links below that might interest you: https://www.youtube.com/watch?v=llUC7YLD77Q https://www.youtube.com/watch?v=llUC7YLD77Q




