Real Estate Investing
RAD Diversified REIT, Inc.This business is NOT BBB Accredited.
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Review fromYubei F
Date: 08/24/2024
1 starI'm extremely disappointed with RAD Diversified. Despite their heavy advertising from 2020 to 2022, my experience has been frustrating and unprofessional. I invested $8,888 in October 2022, but when I attempted to withdraw my funds a year later, I was told I'd have to wait until after July 1, 2024, due to their convoluted withdrawal policy. After waiting the required time, I was informed of a temporary freeze on their redemption program, meaning I still can't access my money.
This entire process has been a nightmare. My investment has been stagnant for 10 months, with no profit, and they continue to block my access to my own funds. Meanwhile, they bombard me with long, irrelevant emails and videos, including one about a staff birthday party.
I've discovered numerous complaints from other investors facing the same issues. RAD Diversified seems to have no regard for their customers, making them wait for their money without any justification. Avoid this company if you value your time and money.Review fromEdward L
Date: 08/05/2024
1 starUnder no circumstances should you invest in this company. They will seize your funds and prevent you from accessing them for extended periods—sometimes up to two years, if they choose. Mine have been locked up for 1.5 years and counting at this point. On top of that, the returns are both low and slow. Despite making several emergency distribution requests between February 2024 and August 2024, their response is cold and terse: "The Board of Directors will reevaluate our cash position and decide if we will continue to recommence or continue to pause distributions. This will occur on/about 01 Jan 2025." They have no regard for you or your personal circumstances, no matter how dire they may be. Once in their possession, your money essentially becomes theirs and it will be extremely difficult for you to get any of it back. Even if you are in urgent need of your own funds due to illness or other emergencies, they will show no empathy and will deny access to your money.RAD Diversified REIT, Inc.
Date: 08/07/2024
Edward, please reach out to *********@raddcompanies.com for any additional information or questions. You appear to have knowledge of the current 1U Amendment submitted to the the SEC Offering Circular.
Here is the link to our current freeze (1U Amendment).
The following link is to the 1U Amendment to our SEC Offering Circular and SEC Offering Circular itself.
https://www.sec.gov/Archives/edgar/data/1721469/000110465924076706/tm2418598d1_1u.htm
https://www.sec.gov/Archives/edgar/data/1721469/000110465922002821/tm222539d1_partiiandiii.htmReview fromSophia S
Date: 08/05/2024
1 starI contacted the company about making a withdrawal and was told I would have to wait over 6 months. Now I was told there is a freeze and so there is. I have never asked for a redemption and I am looking forward to getting my money from the company. I am very disappointed in whats happening with ***!!!RAD Diversified REIT, Inc.
Date: 08/07/2024
Sophia, RADD REIT distributions/redemptions are currently frozen (as you were notified). Here is additional information regarding the 1U Amendment to the SEC.
Under careful consideration, The Board of Directors has decided to freeze all distributions and withdrawals until 01 Jan 2025. This decision has been made due to record-high interest rates and the worst Real Estate economy since 2008. Most importantly, to protect you, the investor.
The Board of Directors will reevaluate our cash position and decide if we will continue to recommence or continue to pause distributions. This will occur on/about 01 Jan 2025. I want you to know this is a good decision that has been made by our Executive board to protect your investment.
The following link is to the 1U Amendment to our SEC Offering Circular and SEC Offering Circular itself.
https://www.sec.gov/Archives/edgar/data/1721469/000110465924076706/tm2418598d1_1u.htm
https://www.sec.gov/Archives/edgar/data/1721469/000110465922002821/tm222539d1_partiiandiii.htm
Please continue to attend RADD REIT update calls with our CEO that are scheduled monthly and reach out to *********@raddcompanies.com for additional questions or concerns.
Thanks, BrentReview fromScott M
Date: 07/28/2024
1 starI closed my account in 2023 and was supposed to receive a payout July 2024, to which I have all documentation. After several attempts to email and call, I have not yet received a reply or an answer to get my money from them. Next steps will not be pleasant for this company should I have to go that route.RAD Diversified REIT, Inc.
Date: 07/29/2024
Scott, thank you for your submission. As a RAD investor, we value your business. Under careful consideration, The Board of Directors has decided to freeze all distributions and withdrawals until 01 Jan 2025. This decision has been made due to record-high interest rates and the worst Real Estate economy since 2008. Most importantly, to protect you, the investor.
The Board of Directors will reevaluate our cash position and decide if we will continue to recommence or continue to pause distributions. This will occur on/about 01 Jan 2025. I want you to know this is a good decision that has been made by our Executive board to protect your investment.
The following link is to the 1U Amendment to our SEC Offering Circular and SEC Offering Circular itself.
https://www.sec.gov/Archives/edgar/data/1721469/000110465924076706/tm2418598d1_1u.htm
https://www.sec.gov/Archives/edgar/data/1721469/000110465922002821/tm222539d1_partiiandiii.htm
It’s vital to understand that the journey forward for us has a series of progressive steps:
1. The freeze, which is painful, is necessary for us to build reserves, pull equity, and meet commitments going forward.
2. Submitting all financials to auditors for REITs. RAD America has been submitted and Rad Diversified will follow soon.
3. Simultaneously improve our process and communication systems.
4. Portfolio loan against existing assets for immediate payment to investors. The loan is in process and through our financials and reserves we will achieve it.
I highly recommend you read the SEC filing and the 1U Amendment. Additionally, as stated above, for additional questions please contact *********@raddcompanies.com or at ***** ********.
Additionally, I sent Investor Relations an email to ensure they contact you to answer any additional questions and concerns. If you don't hear something in next 48 hrs, please reach out directly to me. We have had numerous zoom calls directly with our CEO to discuss the freeze and answer investor questions.
Thank youReview fromArnold C
Date: 07/28/2024
1 starDo not under any circumstances invest with this company. They are a sham. I invested in 2022 and have been trying since 2023 to pull my funds out and was informed about 6 months ago that they put a freeze on people taking their own money out. They are using the excuse that it's because of the economy, etc. but yet you see them starting new companies and investing in other projects with our money. I believe that it's time people started reporting them to the SEC, the news, etc. Dutch ********** is a fraud. No integrity and hides behind excuses as to why he doesn't want to give his investors their distributions and money. Anyone else notice that they haven't updated the stock price in quite a while? Keeping us in the dark while they play with our money.RAD Diversified REIT, Inc.
Date: 07/29/2024
Arnold, thank you for your submission. As a RAD investor, we value your business. We have had numerous Zoom calls directly with our CEO and other senior leaders on the freeze, RADD REIT share price etc. It appears that you are aware of the current 1U Amendment to our SEC Offering Circular.
Here is some additional information. Under careful consideration, The Board of Directors has decided to freeze all distributions and withdrawals until 01 Jan 2025. This decision has been made due to record-high interest rates and the worst Real Estate economy since 2008. Most importantly, to protect you, the investor.
The Board of Directors will reevaluate our cash position and decide if we will continue to recommence or continue to pause distributions. This will occur on/about 01 Jan 2025. I want you to know this is a good decision that has been made by our Executive board to protect your investment.
The following link is to the 1U Amendment to our SEC Offering Circular and SEC Offering Circular itself.
https://www.sec.gov/Archives/edgar/data/1721469/000110465924076706/tm2418598d1_1u.htm
https://www.sec.gov/Archives/edgar/data/1721469/000110465922002821/tm222539d1_partiiandiii.htm
It’s vital to understand that the journey forward for us has a series of progressive steps:
1. The freeze, which is painful, is necessary for us to build reserves, pull equity, and meet commitments going forward.
2. Submitting all financials to auditors for REITs. RAD America has been submitted and Rad Diversified will follow soon.
3. Simultaneously improve our process and communication systems.
4. Portfolio loan against existing assets for immediate payment to investors. The loan is in process and through our financials and reserves we will achieve it.
I highly recommend you read the SEC filing and the 1U Amendment. Additionally, as stated above, for additional questions please contact *********@raddcompanies.com or at ***** ********.
Additionally, I sent Investor Relations an email to ensure they contact you to answer any additional questions and concerns. We have had numerous zoom calls directly with our CEO to discuss the freeze and answer investor questions.
Thank youReview fromJohn C
Date: 07/17/2024
1 starI invested this 2 years ago, I APPLIED FOR A WITHDRAWAL LAST YEAR AND RAD DIVERSIFIED COMPANY HAS SIGNED THE WITHDRAWAL DOCUMENTS, AND HAVE NOT RECEIVED THE MONEY YET. I've been calling for two weeks without answering and leaving a message asking them to respond. I haven't received a call back yet. I hope to resolve this problem soon possible.RAD Diversified REIT, Inc.
Date: 07/22/2024
John, thank you for your inquiry. I forwarded your information to Investor Relations to reach out to you. As a RAD investor, we value your business. Under careful consideration, The Board of Directors has decided to freeze all distributions and withdrawals until 01 Jan 2025. This decision has been made due to record-high interest rates and the worst Real Estate economy since 2008. Most importantly, to protect you, the investor.
The Board of Directors will reevaluate our cash position and decide if we will continue to recommence or continue to pause distributions. This will occur on/about 01 Jan 2025. I want you to know this is a good decision that has been made by our Executive board to protect your investment.
The following link is to the 1U Amendment to our SEC Offering Circular and SEC Offering Circular itself.
https://www.sec.gov/Archives/edgar/data/1721469/000110465924076706/tm2418598d1_1u.htm
https://www.sec.gov/Archives/edgar/data/1721469/000110465922002821/tm222539d1_partiiandiii.htm
It’s vital to understand that the journey forward for us has a series of progressive steps:
1. The freeze, which is painful, is necessary for us to build reserves, pull equity, and meet commitments going forward.
2. Submitting all financials to auditors for REITs. RAD America has been submitted and Rad Diversified will follow soon.
3. Simultaneously improve our process and communication systems.
4. Portfolio loan against existing assets for immediate payment to investors. The loan is in process and through our financials and reserves we will achieve it.
We are a good company with incredibly hard-working people. We are going through a challenging time that will make us stronger. Capital invested is tied up in Real Estate and we will pull equity to take care of investors.
I highly recommend you read the SEC filing and the 1U Amendment. Additionally, as stated above, for additional questions please contact *********@raddcompanies.com or at ***** *********
If you dont hear from Investor Relations in the next 48 hours, please reach out to me directly if you have further questions ref. the current freeze. Thanks!Review fromVidler A
Date: 07/10/2024
1 starI invested in Rad about 3 years ago. They freeze all distribution for a whole year so I mailed them about a withdrawal. They emailed me back saying theyre going to freeze all distributions and withdrawals at this time. This is the reason they give, due to record-high interest rates and the worst *********** economy since 2008. Most importantly, to protect you, the investor. STAY AWAY FROM THIS COMPANY.RAD Diversified REIT, Inc.
Date: 07/10/2024
Sir/Ma'am
Thank you for your review. The 1U Amendment submission to the SEC Offering Circular is an authorized process. Although it is not the route we would like to take, the Executives and BoD of our company knew it was vital to the overall protection of the portfolio and individual investor. We understand that not everyone will agree or like the process, but it was a decision for the over all good. If you have attended any of our RADD REIT Update Zoom calls, our CEO talks extensively reference the freeze and has addressed individual investors questions and concerns. Please reach out to Investor Relations at ***************************
Thank you
Review fromJim S
Date: 07/02/2024
1 starWas told by Destiny at Rad Diversified yesterday that distributions will be frozen until 1/01/2025. Good luck to all of us getting our money back.RAD Diversified REIT, Inc.
Date: 07/03/2024
***, here is the copy of our current 1U Amendment to the SEC / SEC Offering Circular.
*************
SECURITIES AND EXCHANGE COMMISSION
**************** *****
FORM 1-U
Current Report Pursuant to Regulation A
Date of Report (Date of earliest event reported) July 1,2024
RAD Diversified REIT, Inc.
(Exact name of issuer as specified in its charter)
Maryland82-******* 82-2026337
(I.R.S. Employer Identification No.)
(State or other jurisdiction of
incorporation or organization) (I.R.S. Employer Identification No.)
*****************************************************************************************************
(Full mailing address of principal executive offices)
************
(Issuers telephone number, including area code)
Common Stock
(Title of each class of securities issued pursuant to Regulation A)
Item 9.Other Events
On June 27, 2024, the board of directors (the Board) of RAD Diversified REIT, Inc. (the Company) met to consider its Share Redemption Program. Although the Board is beginning to see improved liquidity throughout the Company based on actions it has been and will continue taking, the Board perceives that the real estate market remains relatively stagnant. The Board therefore believes it prudent to proceed cautiously at this time. As a result, the Board decided, in accordance with the terms of its Share Redemption Program, to continue the temporary freeze of the Companys redemption program. The Company will not process any pending requests that have not been redeemed as of February 1, 2024, nor will it accept any new redemption requests. Pending redemption requests will remain in queue until the Company recommences the redemption program.
The Board intends to reassess this decision to determine whether to recommence the redemption program no later than January 1, 2025.
SIGNATURES
Pursuant to the requirements of Regulation A, the issuer has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
By: /s/ Dutch ***********************************
Name: Dutch *************************************
Title: Chief Executive Officer
Date:July 1, 2024Review fromDanny K
Date: 07/02/2024
1 starOnly giving 1 because I have to. Scammed. Fraud. All the above. Invested over $2000.00 a year and a half ago. Requested a refund in January 2024- told I would have to wait until July to receive my monies. Today on the phone was told my money is frozen. Unacceptable. Lawsuit on the way.RAD Diversified REIT, Inc.
Date: 07/03/2024
*****, here is our 1U Amendment to the SEC freezing our redemption and distribution program. This is an authorized action within our SEC Offering Circular.
*************
SECURITIES AND EXCHANGE COMMISSION
**********, D.C. *****
FORM 1-U
Current Report Pursuant to Regulation A
Date of Report (Date of earliest event reported) July 1,2024
RAD Diversified REIT, Inc.
(Exact name of issuer as specified in its charter)
Maryland82-******* 82-*******
(I.R.S. Employer Identification No.)
(State or other jurisdiction of
incorporation or organization) (I.R.S. Employer Identification No.)
*****************************************************************************************************
(Full mailing address of principal executive offices)
************
(Issuers telephone number, including area code)
Common Stock
(Title of each class of securities issued pursuant to Regulation A)
Item 9.Other Events
On June 27, 2024, the board of directors (the Board) of RAD Diversified REIT, Inc. (the Company) met to consider its Share Redemption Program. Although the Board is beginning to see improved liquidity throughout the Company based on actions it has been and will continue taking, the Board perceives that the real estate market remains relatively stagnant. The Board therefore believes it prudent to proceed cautiously at this time. As a result, the Board decided, in accordance with the terms of its Share Redemption Program, to continue the temporary freeze of the Companys redemption program. The Company will not process any pending requests that have not been redeemed as of February 1, 2024, nor will it accept any new redemption requests. Pending redemption requests will remain in queue until the Company recommences the redemption program.
The Board intends to reassess this decision to determine whether to recommence the redemption program no later than January 1, 2025.
SIGNATURES
Pursuant to the requirements of Regulation A, the issuer has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
By: /s/ Dutch ***********************************
Name: Dutch *************************************
Title: Chief Executive Officer
Date:July 1, 2024Review fromsandra A
Date: 06/06/2024
1 starThe company is deceptive and violates all laws of investor protection. They change their bylaws as is convenient for them. They brag on those meetings about how much they accomplished, and the increase value of the shares. Over a year ago, I bought a few shares from this company, under a false pretense it was a great investment, they had good ratings and was legitimate company. I was even pressured to invest enough to join their elite circle blah blah blah. I did not. I asked for disbursement of shares plus interest on 3/26/2023. Was told I missed the 6 mo deadline to apply. I applied, filled an application and waited. I waited an entire year to collect partial shares plus interest due to collect January 2024. On Feb and announced in March 2024, they changed their laws, froze distribution of shares at the executives discretion, and apparently for only 90 days after the freeze. They change in heart and bylaws was filed to the SEC on Feb 1, 2024. They added a clause to that report stating " to continue to pause the program no later than April1 2024." Since it is June 2024, I wondered. In addition, they added five years to request distribution through the redemption program of any left over shares. I was assigned different people to my case just trained to lie and give me the run around. Still year and 90 days into filling application for a partial distribution I have nothing. I am an elder, a woman, and disable. My rights as an honest investor are being violated. Perhaps there is a pattern. Im wondering how many investors are 55 and over and could not redeem shares. I am entitled to redeem shares after I did everything they asked me for. And since they used my money to buy property and apparently they worth millions, they should comply. The lies, the lack of humanity, the deceptive arrangement to use other peoples money is unjust and violates investors rights. If they file bankruptcy it will be a terrible loss for all the investors.RAD Diversified REIT, Inc.
Date: 06/07/2024
******, thank you for your review. I believe it would be vital to you to reach out to *************************** as I believe some of your concerns and information are not valid and I want to ensure you have proper information. Yes, we have had changes within our Investor Relations and IC Coordinators. I am not sure who your coordinator is but please reach out. The current distribution/redemption freeze was extended to 01 July 2024. Here is a link to our current 1U Amendment
*************************************************************************************
Additionally, I will ensure our Director of Investor Relations has your submission and ask her to ensure our Team reaches out to you.
Thank you.
sandra A
Date: 08/22/2024
I was a sign on you person to my case I don't even remember his name he said he will call me on July 1st he never did is already August 22 and I never received my shares When asked I explained it was hardship the reason to redeem shares I was convinced by your team to leave some money behind which I may never see since you change rules as it's convenient to your company In the meantime my mother died and I had to take a loan to bury her I certainly hope someday I see the redemption of my shares in my bank account
RAD Diversified REIT, Inc. is NOT a BBB Accredited Business.
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