Los Angeles, CA – 7/14/2021 – Press Release – Chase Partners
REO Capital Considers A Lawsuit Against Chase Partners in Los Angeles for Breach of Contract seeking $142,000. After signing a 24 month contract with us David Parker decided to Breach our Contract after paying 6 months on the Contract. David Parker – President thinks he can terminate a 24 month Contract whenever he feels just because his expectations were not met?
David Parker, the Founder and CEO of Chase Partners, a Logistics Real Estate Fund in Los Angeles, has agreed and signed a Contract with REO Capital, a Capital Introduction Firm to raise $200 Million dollars for their Private Equity Fund and agreed to pay REO Capital $180,000 in Retainer Fees plus a 2% Success Fee equaling $2,000,000 for a total fee of $2,180,000 to have REO Capital bring Institutional Clients to invest in their Private Equity Industrial Real Estate Fund in 2021.
On July 5th, 2021 David Parker of Chase Partners Decided to Breach our Contract by not sending as agreed to wire transfer the required Fees for the Capital Raise on his PE fund. By July 12th, 2021 had “Breached the Contract” with REO Capital by failing to abide by the terms of the REO Capital Contract! As of July 16th, 2021 Chase Partners has not submitted anything or abided by any part of the REO Capital Contract he signed and obligated himself with REO Capital, LLC.
A Lawsuit is being considered by REO Capital, LLC in LA which is Chase Partners Headquarters, along within California in the United States where Chase employs representatives as well. For any Institutional investors considering Investing in Chase Partners Logistics Real Estate Fund, be aware when conducting your Due Diligence on this firm that this firm is in Default of our Contract and has Breached the Contract and Legal Proceedings are pending against them!!! These Legal Proceedings clearly demonstrates a lack of professionalism, & ethics that Institutional Investors should consider before Investing in this Chase Partners Private Equity Real Estate Fund, due to it’s unethical, and unprofessional practices of this Fund. This Breach of Contract with REO Capital does not institute Trust with Future Investors in the fund! “Caveat Emptor”
Feel free to contact me with any questions on this matter. The information listed in this Press Release is True and Accurate!