Syndicated Equities

Country United States
State Benin
City Chicago
Address 350 N La Salle Dr
Phone (312) 640-9020

Syndicated Equities Reviews

  • Sep 13, 2014

If you are an accredited real estate investor considering investing with Syndicated Equities, please do your research! Caveat emptor definitely applies when it comes to any Syndicated Equities offering.

If someone had warned us years ago about Richard Kaplan and Syndicated Equities we would not be facing financial ruin today.

Before you decide to give Richard Kaplan of Syndicated Equities a penny of your hard earned money, outlined below is a summary of our experience:

We are accredited real estate investors who invested with Richard Kaplan of Syndicated Equities several years ago and are now completely wiped out in all of our current investments.

Mr. Kaplan's offerings did not only not provide the returns on our investment that he promised, but in one of the properties we invested with him called Severance Center in Cleveland Heights, Ohio, he not only lost all of our money, (which was a substantial sum) but he lost the bank’s too.

Severance Center is now in foreclosure and has lost 75% of its value. In April, 2014 Syndicated Equities defaulted on a note of $40 million. By current estimates this property is now worth between $16 -$25 million. In August, 2014 it was publicly announced that Severance Town Center was hit with a foreclosure lawsuit.

In addition to the Severance Center lawsuit, Richard Kaplan and Syndicated Equities have wiped out the fortunes of other investors too, such as in his other failed real estate dealings which include an office center in Northbrook, IL, a Parking Garage in Chicago, IL to name a few.

It is too late for us to recoup our investment, but hopefully it won’t be too late for you to reconsider investing with another firm who and individual that won’t just promise you high returns and responsive service and then fail miserably to deliver on either.

Good luck!

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