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Author Topic: Time for some proper due diligence/ independent auditing in our communities  (Read 150442 times)

Offline ari3

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Re: Time for some proper due diligence/ independent auditing in our communities
« Reply #1320 on: May 12, 2024, 10:00:10 PM »
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Online AsherO

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Re: Time for some proper due diligence/ independent auditing in our communities
« Reply #1321 on: May 12, 2024, 10:57:24 PM »
Quote from: ari3 on May 12, 2024, 10:00:10 PM
All three of these were controlled by one entity and are all office which is the worst preforming sector so it may not be fully reflective of the overall CRE market.

Reminds me of this recent story I came across:
https://x.com/unusual_whales/status/1778479545613439455
(archive link for the original WSJ story here)
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DDF FFB (Forum From Birth)

Online jye

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Re: Time for some proper due diligence/ independent auditing in our communities
« Reply #1322 on: May 12, 2024, 11:06:27 PM »
We need a DDF clearance thread….
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Offline joeberg

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Re: Time for some proper due diligence/ independent auditing in our communities
« Reply #1323 on: May 12, 2024, 11:29:57 PM »
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Offline sylk

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Re: Time for some proper due diligence/ independent auditing in our communities
« Reply #1324 on: Yesterday at 08:05:57 AM »
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Online jye

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Re: Time for some proper due diligence/ independent auditing in our communities
« Reply #1325 on: Yesterday at 10:02:28 AM »
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Offline whacked1

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Re: Time for some proper due diligence/ independent auditing in our communities
« Reply #1326 on: Yesterday at 10:42:03 AM »
Quote from: joeberg on Yesterday at 10:16:13 AM
All links deleted!
Huh, they all work for me
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Offline joeberg

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Re: Time for some proper due diligence/ independent auditing in our communities
« Reply #1327 on: Yesterday at 10:43:47 AM »
Quote from: whacked1 on Yesterday at 10:42:03 AM
Huh, they all work for me
Wasn't working earlier.
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Online aygart

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Re: Time for some proper due diligence/ independent auditing in our communities
« Reply #1328 on: Yesterday at 11:58:31 AM »
The way Opal buys and manages properties is not at all indicative of the market.
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Feelings don't care about your facts

Offline zale

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Re: Time for some proper due diligence/ independent auditing in our communities
« Reply #1329 on: Yesterday at 02:13:59 PM »
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Online Afrages6

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Re: Time for some proper due diligence/ independent auditing in our communities
« Reply #1330 on: Yesterday at 03:51:28 PM »
Quote from: aygart on Yesterday at 11:58:31 AM
The way Opal buys and manages properties is not at all indicative of the market.

Yes and no, you can’t say that a 90 percent write off of debt is no big deal no matter who the owner was.
Quote from: zale on Yesterday at 02:13:59 PM
Is this trustworthy?
It’s definitely a real company. However they have burned through north of 20 million dollars in 2 years and have very little to show for it
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Offline gubevo18

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Re: Time for some proper due diligence/ independent auditing in our communities
« Reply #1331 on: Yesterday at 04:03:46 PM »
Quote from: aygart on Yesterday at 11:58:31 AM
The way Opal buys and manages properties is not at all indicative of the market.
why so
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Offline yomo

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Re: Time for some proper due diligence/ independent auditing in our communities
« Reply #1332 on: Today at 06:10:24 AM »
Quote from: aygart on Yesterday at 11:58:31 AM
The way Opal buys and manages properties is not at all indicative of the market.
Yup....
This will be a massive chillul hashem when it unravels 😥
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Offline yomo

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Re: Time for some proper due diligence/ independent auditing in our communities
« Reply #1333 on: Today at 06:11:27 AM »
Quote from: sylk on Yesterday at 08:05:57 AM
yes
I don't think he has/needs investors
He financed 120%...
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Offline sylk

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Re: Time for some proper due diligence/ independent auditing in our communities
« Reply #1334 on: Today at 08:01:12 AM »
Quote from: yomo on Today at 06:11:27 AM
I don't think he has/needs investors
He financed 120%...
doesn't matter how much capital you may have generally you bring in partners on most deals
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