To
Ross has been very busy developing many projects. I like you am very concerned
where the money came from to develop these. The Parklands in camas is one such
project. It looks like he invested 1.4 million in this project in 2017. If your
interested in reviewing, here is a copy of his ‘bio’ from the Manhattan street
capitol web site.
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Ross Miles began his career first as a licensed real estate agent in 1974,
quickly moving into a broker position by 1977, managing a sales force of 25 for
one of the largest real estate brokerage firms in the Portland-Vancouver
metropolitan area.
In 1979, Ross founded American Equities, Inc., as a construction company. Soon
after, Ross founded his own real estate company with a 14-person team. He began
to buy real estate receivables as a means to facilitate sales within the
company. To further
his overall understanding of investment practices, he became a licensed Series
7 stock broker and also obtained a Certified
Commercial Investment Member (CCIM) designation. In 1980, he formed a real
estate receivable purchasing division of AEI, and by 1984 closed his real
estate brokerage office to devote himself full- time to receivable purchasing
and real estate development. His company is now involved in pooled investment
vehicles, utilizing the private placement REG “D” offering exemptions. Ross has
been the sponsor of over 23 “Regulation D” exempted offerings and has
concentrated in real estate development for the last 7, since 2012. They all
have been very successful projects and are all sold or rented, providing double
digit returns to his investors. In the last 5 years, including projects that
are currently under construction, he has been involved in the development and
construction of over 500 homes and lots totaling over $105,000,000.
Throughout the course of his over 40 years in business, Ross has personally
bought, built, owned and developed well in excess of $300 million worth of real
estate, mortgages and various types of projects involving everything from
single family home subdivisions, apartment buildings, mobile home parks, condo
developments, townhomes, rock quarries, gold mines, a Mexican Marina, motels,
restaurants, cattle ranches, wind farms, warehouses and mini-storages. We
believe you would be hard- pressed to find a type of real estate in which Ross
Miles has not been involved in as an owner/developer. As an expert problem
solver, Ross’ meticulous attention to detail and his ability to think outside
the box gives him a keen eye for excellent investments.
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Sounds like he was doing pretty well. I don’t know that the money for this
project came from our LLC’s but something took place not long ago to corrupt
the whole operation.
Scott
