"They must suffer, as I suffered. They must see their world, all they hold dear, ripped from them.”

Starwood is now coming after Tides' founders personally over guaranties, a new chapter in the multifamily syndication saga

ten31.beehiiv.com/p/tides-prin...

Elie Schwartz, the man at the center of CRE's biggest-ever crowdfunding scam, to face the federal music next month
www.bisnow.com/national/new...

Here's the part I struggle with: If the fee burden is placed on NYC landlords (who have leverage w/ brokers) rather than on tenants (who have no leverage), what would likely happen is that the fee just goes down, no?

How is a random entity in Garland or Cameron County able to absolve multifamily landlords in Austin or Houston of property taxes? The Promote goes inside an obscure loophole that's become a lifeline for Texas syndicators, and a cash cow for its enablers 🐄

ten31.beehiiv.com/p/inside-syn...