Important Campaign Update
Hello,
We are updating our investors today with unfortunate news. We have decided to discontinue our equity crowdfunding campaign and promptly return 100% of your investment. We want to thank each and every one of you for your support of Profit Property 946 MLK.
This difficult decision comes with a lot of thought and deliberation by myself and the board of advisors.
We have decided that the 946 MLK property does not have the return profile to attract a large investor base that is needed to close this deal. We were hopeful that prospective investors would find 946 MLK as attractive as we did as a management team, but that was not the case.
We hope you understand why we made this decision, and that ultimately, we believe the decision is in your best interest.
You may be wondering how this impacts you. What happens to my investment? 100% of your investment will be refunded in the form of payment you used. There is no need to request it. It will be done automatically.
The team and I are going back to the drawing board in hopes of identifying a property with higher rates of return. Please be on the lookout for our next deal.
Thank you,
Zak Laikin and the Profit Property 946 MLK Team