Sponsors with similar asset classes
Open Door Capital: Verified Investor Reviews on Invest Clearly
4.60
Website
https://odcfund.com/Overview
Open Door Capital is a privately held real estate investment firm founded by Brandon Turner that specializes in mobile home parks, self-storage facilities and multifamily. Open Door Capital has nearly $1 billion in assets under management (AUM), a portfolio of more than 13,000 units, and has partnered with more than 2,000 investors. Visit odcfund.com/our-offerings to view current opportunities.
Address
Kiehi,
Hawaii
96753
Year Founded
2017
Operates In
Virginia
Florida
Georgia
Mississippi
Texas
Asset Classes
Multifamily
Storage
Mobile Home Parks
Accepted Investors
Accredited
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Details
highlighted review
Verified Investor
1.00
"Failing investment"
Terrible operator and totally inept at vetting deals. Founder's completely checked out. Performance re-baselined lower numerous times and still can't meet targets. Cashflow negative and no communication about viable path to save the fund. Expect the investment to fail and go to 0.
Zach M.
4.00
"So far, so Good"
Good onboarding. However, initial communication after investment was lacking. I had to reach out to find out some specifics of how the fund was doing in the first few months.
Verified Investor
1.00
"Failing investment"
Terrible operator and totally inept at vetting deals. Founder's completely checked out. Performance re-baselined lower numerous times and still can't meet targets. Cashflow negative and no communication about viable path to save the fund. Expect the investment to fail and go to 0.
Verified Investor
1.00
"Brandon come back to work!"
I have invested in three funds: - Texas 3 pack whose distributions are currently paused - Fund 8 and 9 who distributions have always been below proforma and close to be paused as per the most recent communication All the above investments are performing significantly below proforma and also well below new lowered budgets. @Brandon I beg you come back to work and help your team through these difficult times. What legacy are you leaving when you disappeared in the toughest moment and appeared on the last webinar just to say sorry!? Come back to actively work and out your wisdom and energy at the service of humble investors that trusted you.
Open Door Capital
4.60
Thanks for sharing your concerns. I’m really glad you had a chance to connect with our CEO, Walker, recently—I hope that conversation helped clarify a few things, especially around Brandon’s continued involvement. We know how disappointing it is when performance doesn’t meet expectations. The truth is, the past year has brought a tough macroeconomic environment. That said, we take full responsibility for navigating through it, and we hope you got some clarity on what we are proactively doing at each of the properties you are invested in. Our entire team, including Brandon, is focused on adapting our strategies, and doing right by our investors. We’re also committed to transparency, so please feel free to reach out to our investor relations team any time you have questions. We truly appreciate your trust and your feedback!
Laura H.
5.00
"Timely, Thorough and Accurate Communication"
ODC has exceeded our expectations with professional and timely communication. We were very impressed that they delivered our K-1 on-time and surpassed the tax benefits we anticipated. Returns to-date as well as ongoing response after we invested have also eclipsed expectations. Overall, ODC has made it an easy and exciting experience to watch our investments grow in a new way.