Download The Findit App

Share Your Posts On These Major Social Networks

Instatag Your Posts to Instagram Facebook + Twitter

News

American Residential Properties Inc. Accused of Shady Tactics to Grow Business

Scottsdale 9/26/2014 1:02:08 AM

American Residential Properties Inc, a real estate investment trust company, has recently come under fire for allegedly using shady business dealings against much smaller development partners. Some accusations against American Residential Properties include fraud, unjust enrichment, breach of contract and several others have been filed against the public company REIT by Scottsdale, Arizona company, Invision Capital Management. Reportedly ARPI has done this with other former partners, one of which was Landsmith, who had allegedly settled out of court with ARPI. 
According to the allegations, ARPI breached their contract with Invision by agreeing to commit a substantial amount of money to acquire and rehabilitate properties. Invision remediated the properties and began leasing them while ARPI received the revenue. In the industry, this is known as a triple net lease. However, although the venture was successful, ARPI suddenly ceased funding of the acquisitions and rehabilitation costs. As a direct result Invision was forced to default on their payments and the property portfolios and revenue were completely taken over by ARPI. 
Back in 2012 ARPI committed to the combined portfolio of $40 million. After this, ARPI halted funding and Invision allegedly became the latest victim of this activity getting stuck with reportedly over $450,000 of rehab costs and now more than an estimated $8 million in potential outstanding claims. After ARPI took over the portfolios and profits interest, Invision had no means of financial recourse. 
ARPI is now being challenged by Invision Capital Management who has relentlessly pursued a just conclusion with a lawsuit. Invision has filed multiple claims, but ARPI has made no attempt to address the allegations thus far. Furthermore, the Company has, so far, failed to publicly disclose that the lawsuit even exists to its shareholders or to the SEC in its most recent filings. 

More News

https://s3.amazonaws.com/findit-pictures/9020/8b8652ea-b322-4ca2-8060-2c8db7d28722.jpg

No Club Fed for Anthony Weiner By Larry Jay Levine

Former Congressman Anthony Weiner’s 21 month sentence for sexting a teen poses an interesting dilemma for the Federal Bureau of Prisons as to where to house him when he reports to Federal Prison on November 6, 2017.

Released On: 9/28/2017
Views: 3530

View
https://s3.amazonaws.com/findit-pictures/9020/e9d1fd23-d065-4e71-8b21-05cf95cb1485.jpg

Call Student Loan Law Group to Protect Your Rights with Student Loans

Call Student Loan Law Group to Protect Your Rights with Student Loans.

Released On: 7/21/2015
Views: 5335

View
https://s3.amazonaws.com/findit-pictures/9020/1287558f-3592-403a-bab9-4a6d2116d581.jpg

Student Loan Debt Forgiveness Made Easier by New Obama Administration Policy

Student Loan Debt Forgiveness Made Easier by New Obama Administration Policy.

Released On: 6/22/2015
Views: 4328

View
https://s3.amazonaws.com/findit-pictures/9020/8c972ed0-7d29-45ca-bfcb-85b8561607f5.jpg

The Student Debt Collection Lawsuit Business

The Student Debt Collection Lawsuit Business. Lenders are suing without proof they own the loans

Released On: 6/5/2015
Views: 5238

View
https://s3.amazonaws.com/findit-pictures/9020/8520f8ff-d36d-487d-8767-a7388208cb13.jpg

Student Loan Law Group Will Be Teaching South Carolina Students How to Fight Against Student Loan Debt at Juanita Greenberg’s June 11 at 5:30pm

Student Loan Law Group Will Be Teaching South Carolina Students How to Fight Against Student Loan Debt at Juanita Greenberg’s June 11 at 7pm

Released On: 6/3/2015
Views: 3855

View
https://s3.amazonaws.com/findit-pictures/9020/e98fab63-cd9e-485a-b577-9674a13d787d.jpg

Student Loan Law Group is here to Help South Carolina Students Escape Federal Student Loan Debts

Student Loan Law Group is here to Help South Carolina Students Escape Federal Student Loan Debts.

Released On: 6/2/2015
Views: 4477

View
https://s3.amazonaws.com/findit-pictures/9020/cff7c483-71b9-40b2-91c3-674ebd22c665.jpg

Learn to Protect Your Rights with Student Loan Law Group’s Meeting at Juanita Greenberg’s in Mt Pleasant, South Carolina

Learn to Protect Your Rights with Student Loan Law Group’s Meeting at Juanita Greenberg’s in Mt Pleasant, South Carolina.

Released On: 6/2/2015
Views: 3662

View
https://s3.amazonaws.com/findit-pictures/9020/98ccf631-1711-4893-9d37-0fcdf4fa585c.jpg

Join Student Loan Law Group at Juanita Greenberg’s in Mount Pleasant, South Carolina to Speak with Expert Lawyers about Student Loan Debt

Join Student Loan Law Group at Juanita Greenberg’s in Mount Pleasant, South Carolina to Speak with Expert Lawyers about Student Loan Debt.

Released On: 6/1/2015
Views: 3928

View
https://s3.amazonaws.com/findit-pictures/9020/f2eca2f1-169e-472f-9718-65fee53c5a34.jpg

Come to Student Loan Law Group’s Meet & Greet at Juanita Greenberg's in Mt Pleasant to Learn How to Escape Student Loan Debt

Come to Student Loan Law Group’s Meet & Greet at Juanita Greenberg's in Mt Pleasant to Learn How to Escape Student Loan Debt

Released On: 6/1/2015
Views: 3534

View
https://s3.amazonaws.com/findit-pictures/9020/1701336_9020_290914024448.jpg

Invision Capital Management Accuses American Residential Properties Inc of Fraud, Unjust Enrichment and More

Invision Capital Management Accuses American Residential Properties Inc of Fraud, Unjust Enrichment and More. American Residential Properties Inc, has recently been accused by Invision Capital Management, for alleged fraud.

Released On: 9/30/2014
Views: 3284

View
https://s3.amazonaws.com/findit-pictures/9020/1698875_9020_250914110208.jpg

American Residential Properties Inc. Accused of Shady Tactics to Grow Business

American Residential Properties Inc. Accused of Shady Tactics to Grow Business. American Residential Properties Inc, a real estate investment trust company, has recently come under fire for allegedly using shady business dealings against much sma ...

Released On: 9/26/2014
Views: 12914

View
https://s3.amazonaws.com/findit-pictures/9020/1698208_9020_240914014840.jpg

Breach of Contract and Fraud Lead Invision Capital Management to Sue American Residential Properties, Inc

Breach of Contract and Fraud Lead Invision Capital Management to Sue American Residential Properties, Inc. A few months ago, Invision Capital Management filed multiple claims against, Arizona based REIT, American Residential Properties, Inc.

Released On: 9/25/2014
Views: 4372

View
https://s3.amazonaws.com/findit-pictures/9020/1697408_9020_230914110250.jpg

Gray Tactics Used By American Residential Properties Inc. (ARPI) To Grow Its Business Coming Under Fire

Gray Tactics Used By American Residential Properties Inc. (ARPI) To Grow Its Business Coming Under Fire. Real estate investment trust company American Residential Properties (ARPI:NYSE) has come under scrutiny over its dealings with its much smal ...

Released On: 9/24/2014
Views: 11730

View
https://s3.amazonaws.com/findit-pictures/9020/1683884_9020_080914023205.jpg

Invision Capital Management Sues American Residential Properties, Inc for Breach of Contract and Fraud

Invision Capital Management Sues American Residential Properties, Inc for Breach of Contract and Fraud. Invision Capital Management files multiple claims for damages in lawsuit against American Residential Properties, Inc.

Released On: 9/9/2014
Views: 6800

View
https://s3.amazonaws.com/findit-pictures/9020/1683230_9020_050914015704.jpg

Invision Capital Management Files Multiple Claims Against ARPI After Negotiations Fail

Invision Capital Management Files Multiple Claims Against ARPI After Negotiations Fail. Invision Capital Management claims to be forced to sue American Residential Properties, Inc. after negotiations allegedly fail to reach a solution.

Released On: 9/6/2014
Views: 5769

View
https://s3.amazonaws.com/findit-pictures/9020/1683195_9020_040914112441.jpg

Invision Capital Management Files Lawsuit Against American Residential Properties After Alleged Breach of Contract, Fraud and More

Invision Capital Management Files Lawsuit Against American Residential Properties After Alleged Breach of Contract, Fraud and More. Invision Capital Management, a property investment and management company based in Phoenix, Arizona, has filed mul ...

Released On: 9/5/2014
Views: 5717

View
https://s3.amazonaws.com/findit-pictures/9020/1683193_9020_040914103943.jpg

American Residential Properties Inc Forces Invision Capital Management to Sue After Several Failed Negotiations

American Residential Properties Inc Forces Invision Capital Management to Sue After Several Failed Negotiations. Invision Capital Management is a local property investment and management company based in Phoenix, Arizona.

Released On: 9/5/2014
Views: 8735

View
https://s3.amazonaws.com/findit-pictures/9020/1682203_9020_020914013431.jpg

American Residential Properties Inc Allegedly Leaves Out Lawsuit from Filings to Hide from Shareholders

American Residential Properties Inc Allegedly Leaves Out Lawsuit from Filings to Hide from Shareholders.

Released On: 9/3/2014
Views: 5002

View
Load More wait