Grocapitus Investments: Verified Investor Reviews on Invest Clearly

"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.

"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.

"WARNING - Complete Loss of Capital"

Grocapitus which is led by Neal Bawa (former "tech guy") is one of the best marketing companies out there hence the communication ratings. They market online, sell themselves as having above market returns, etc. Only problem is they syndicated a deal as "No Debt, Safest Deal We've Ever Done" and then literally have lost most if not all of the equity in the deal. Allowed cost overruns on the development that are astronomical and yet this is NO WHERE to be seen in all the internet marketing he continues to do. Because he can't get out of the deal he's not realizing the loss in his marketing (nor will they) but the LP community needs to know. Neal's not a real estate guy, he's a marketer who lost $10M of LP's capital.