Talk of The Villages Florida - View Single Post - David Lerner Anyone?
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Old 10-23-2011, 11:22 AM
allus70 allus70 is offline
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Question David Lerner Anyone?

Was looking into what David Lerner was offering. Basically it's a private REIT that matures in about 7 years though it may be sold earlier. They claim never to have lost a penny of any investor's money while paying an attractive (7%+) interest rate.
I'm still skeptical. Certainly it isn't appropriate as the mainstay in a well diversified retirement portfolio, but I'm not certain, what place if any it should take.
Has anyone ever dealt with them or can offer any insights on this subject