Very BAD investment experience with Prestigious Properties
Hi There! to anyone considering an investment with Prestigious Properties. I can only state for myself that I have had a very bad experience with this company. The Cold Lake project ultimately went bust after various missteps in the permitting process causing serious losses for the investors.
Other investments managed by Prestigious Properties did not fair any better as their return over 10 years was 10% total! or 1%/year. This is a far cry from the advertised 18% per year they and 5-7 year holding period they claim or have shown in previous investments.
If you value your time and money I suggest that you do not invest with the people at Prestigious Properties.
There are many reviews and law cases in the internet that echo this very sentiment.
No, I would NOT recommend this business to a friend
Property management company. ABOUT OUR FIRM
We specialize in acquiring, adding value to, and managing select multifamily rental properties in growth markets with tightening vacancies. Combined with leverage and cash flow we aim to double your investment in five to seven years.
Proven Leadership
Our company is led by an effective group with years of experience acquiring and managing multi-family apartment buildings. They are supported by capable staff who understand the need for careful planning followed by effective execution.