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Lurin Website
Lurin Overview
LURIN is a vertically integrated multifamily real estate redevelopment company dedicated to delivering market-leading investment results and creating best-in-class communities for workforce and greyforce families.
Founded on the principles of excellence, integrity, innovation, and people, LURIN combines a disciplined, data-driven approach with a culture that empowers employees to think differently and redefine the future of workforce housing. Through strategic acquisitions, operational excellence, and a commitment to continuous improvement, LURIN transforms properties into thriving communities while driving strong returns for investors.
Address
2101 Cedar Springs Rd
Dallas,
Texas
75201
Year Founded
2016
Operates In
Texas
Asset Classes
Multifamily
Accepted Investors
Accredited
Verified Investor
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"Incompetent Sponsor, reckless with investor funds"
I invested in two different deals with Lurin. Both of them are past the pro-forma hold period, with no progress. They contacted me to inform me that one of the assets would be moved into NewCo, a new holding company, and would be transfered at "market value." As it turns out, there was 0% return for the past 3 years. Additionally, they asked for a capital call to refinance apparent poorly conceived debt service. This was supposed to be finished 4 months ago, and haven't heard any progress on that transition nor the progress of the asset itself. The other asset, along with ~$300 million worth of other assets, were suddenly forcelosed on after two capital calls that didn't produce enough capital to do a refinance. I most likely have lost my entire investment three years later. Why didn't they sell?!?! This is a HORRIBLE outcome, one that should not have happened, and only did due to extremely incompetent management decisions. We will be looking into a lawsuit for breach of fiduciary duty. STAY AWAY FROM THIS GROUP!
