[Fredslist] Need Advice re: David Lerner Associates

[Glenn Dekhayser]

Regarding this harryhat.wordpress.com - The post is anonymous- likely created by a competitor, on a hastily-created wordpress blog that seems to exist solely for this post about Lerner (it's the only post, from March 2008- none before, none after).  Certainly have to take that post with a grain of salt. That's not to say that what the person is writing isn't true, it very well could be (all REITs have fees), everyone should read the prospectus....and historically the other Apple REITs have done well, etc. but no guarantees.  Apple and Lerner aren't non-profits after all, right?

It's been as promised so far.  Keep in mind you're not allowed to take out any funds for the first 3 years without penalty.

From: Hubbard, Karen1 [mailto:karen1.hubbard at smithbarney.com]
Sent: Wednesday, February 24, 2010 9:26 AM
To: Glenn Dekhayser; Deidre Siegel; tfishkind at carcogroup.com
Cc: fredslist at gothamnetworking.com
Subject: RE: [Fredslist] Need Advice re: David Lerner Associates

Hi all,

Please take a look at this link: http://harryhat.wordpress.com/2008/03/27/david-lerner-associates-tricks-investors/

Before you invest in anything like this, make sure that you are informed.  The prospectus is a MUST!!!

I am happy to speak with any one interested in non-proprietary, non-affiliated investment adice.  I can be reached at
516-227-2977.

Regards,
Karen Hubbard
Second Vice President
Morgan Stanley Smith Barney
-----Original Message-----
From: fredslist-bounces at gothamnetworking.com [mailto:fredslist-bounces at gothamnetworking.com] On Behalf Of Glenn Dekhayser
Sent: Tuesday, February 23, 2010 10:06 PM
To: Deidre Siegel; tfishkind at carcogroup.com
Cc: fredslist at gothamnetworking.com
Subject: RE: [Fredslist] Need Advice re: David Lerner Associates
Todd-

I too invested in this.  It's been the real deal so far, all news on the Apple REIT series has been good.

Glenn Dekhayser
Gotham Princeton.

From: fredslist-bounces at gothamnetworking.com [mailto:fredslist-bounces at gothamnetworking.com] On Behalf Of Deidre Siegel
Sent: Tuesday, February 23, 2010 7:05 PM
To: tfishkind at carcogroup.com
Cc: fredslist at gothamnetworking.com
Subject: Re: [Fredslist] Need Advice re: David Lerner Associates

Hi Todd:
GO FOR IT!! I am very involved with them and they know what they are doing!!
Deidre
Deidre Siegel
PEAR Core Solutions, Inc.
100 Crossways Park West
Suite 115
Woodbury, New York 11797
Tel: 516-496-PEAR(7327)
Fax: 516-496-7328
www.pearcoresolutions.com
Cell: 516-301-8173

<-----Original Message----->
>From: Todd Fishkind [tfishkind at carcogroup.com]
>Sent: 2/23/2010 3:24:56 PM
>To: fredslist at gothamnetworking.com
>Subject: Re: [Fredslist] Need Advice re: David Lerner Associates
>
>
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>
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>2/23/2010
>
>Dear Gotham Members,
>
>I hoping you can offer me some advice about your experience investing with David Lerner Associates.
>
>I've been presented with an opportunity to invest in their Apple Nine fund which is a REIT, and the person I
>met with set the expectation for an 8% return.
>
>Any insight you can offer - - either good or bad will be greatly appreciated.
>
>Best Regards,
>...Todd
>
>Todd Fishkind
>Regional Sales Manager -
>Risk Mitigation & Onboarding Solutions
>CARCO Group, Inc.
>Phone: (631) 862-9300 ext 433
>Fax: (631) 584-0095
>tfishkind at carcogroup.com
>www.CARCOGroup.com

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