2.20
Grocapitus Investments Website
Grocapitus Investments Overview
Grocapitus Investments is a very fast-growing Multifamily Real Estate Investment company based in Fremont, CA. Founded and headed by Neal Bawa, Grocapitus sources, acquires, manages, and develops large Multifamily, Build-to-Rent, and Fourplex communities in many states across the U.S.
Address
Year Founded
2018
Operates In
N/A
Asset Classes
Multifamily
Accepted Investors
Accredited
Verified Investor
2.00
"Poor execution"
I was bombarded with marketing emails and looked into their syndications but didn't invest until they offered a preferred shorter term (2 years) deal that promised to pay 7.5 % returns for the 2 years followed by 7'5% added at the end of the 2 years along with the return of capital. It has now been 2 years, and they notified us that they are extending the maturity possibly to 60 months, or 5 years. That significantly impacts the return of the tail 7.5 % added on after 5 years instead of 2. I am just thankful that I was not one of the original investors in the syndication -- they have had they payouts suspended, while ours are still accruing. Meanwhile, they are not very transparent on any plans to allow us to exit.
Verified Investor
5.00
"Full cycle deal!"
We went full cycle on a value add project with Neal and Anna in Georgia. Projections were met and there was no shady business as described by other reviews on this form. We had a good experience with GroCapitus and would invest again.
Verified Investor
2.00
"Lots of marketing sizzle... steak is lacking"
I'm in 2 deals with Grocapitus, neither has exited. The 1st one was a new apartment development and the general comment would be that their underwriting was too optimistic, and from the get go there were large variances in some of the construction & hard costs vs. budget and that continued into when the complex was completed and stabilized. In 6 years I've received rather small, meager distributions (avg <2% annually). The upside is I've not lost capital and at least there are some (occasional distributions) and my hope is that things will improve over time, but the debt service continues to drag down returns vs. projected. The 2nd deal is a new development that was stalled for a spell when rates spiked and they have since begun the construction. The jury is out on this one too, but I'm expecting this one too will fall short of their marketed expectations. They tend to go after a bunch of different hot/growth markets based on their 'data analytics' and partner with local development groups, and as per the other reviews that has not been a very successful strategy.
Verified Investor
1.00
"Stay away from Gropcapitus at all costs"
Neal Bawa and his sidekick Anna, are in my mind and opinion, fugitives on the run right now. I know of at least 6 plus deals where they have completely lost control and are not communicating, not paying anyone, and in my case have already told us we are losing our capital. But that's not even the worst part, the gaslighting, the attitudes, the lies, and the complete waste of my time that they did to me. They do this to everyone, and please stay away, this is a warning.