American Housing Income Trust

We are in receipt of the above-referenced response filed with the Revdex.com (“Revdex.com”) by *** ** *** As indicated in our March response, Mr* *** Complaint is wholly without merit and we respectfully request that the Revdex.com dismiss the Complaint and take no further action regarding the ComplaintWe do not believe that our Revdex.com rating should be negatively impacted by the Complaint.Mr*** appears to continue to be unhappy with the financial returns of his investmentWe cannot change the financial climate, the real estate market or the terms and conditions of Mr* *** investmentMr* *** Complaint is inaccurate and has no merit and his response provides no further basis against us.By way of review, Mr*** was a member of Equity Pacesetter II, LLC, an Arizona limited liability company (“EPS”)In after approval of the Members, EPS was merged with and into American Realty Partners, LLC, an Arizona limited liability company (“ARP”)All of the members of EPS became members of ARP, along with the members of two other entities that were merged into ARP at the same timeMr*** was provided with Notice of the meeting that approved the merger, a Confidential Information Memorandum regarding the proposed combination and the Operating Agreement of ARPMr*** was made completely aware of the proposed merger with ARP and was provided with an opportunity to object to the transactionMr* *** capital account was properly transferred to ARPMr*** is entitled to receive distributions from ARP in the same manner as every other member of ARP in accordance with the Operating Agreement of ARPPerformance Realty Management, LLC is the Manager of ARPPRM’s rights and obligations are governed by the Operating Agreement of ARP.Mr*** submitted a Request for Redemption under the ARP Operating AgreementIn accordance with the terms and conditions of the ARP Operating Agreement, ARP will not be making redemptions at this timeInstead, ARP has recently acquired a public shell and is contemplating a transaction that would result in Mr* *** ownership in ARP being freely tradable in the public marketsWe hope to bring this plan to fruition, but there can be no assurances.ARP and its manager PRM have observed all obligations to MrFrostWe again respectfully request that the Revdex.com dismiss the Complaint and take no further action regarding this matter.Very truly yours,American Realty Partners, LLC

Revdex.com:
I have reviewed the response made by the business in reference to complaint ID 10464876, and have determined that this proposed action would not resolve my complaint. For your reference, details of the offer I reviewed appear below
I completed my Request for Redemption Form, and transmitted same with my letter mis-dated February My Certificate of ownership is dated April Three years have now passed.Please remember that I discussed my original investment in Equity Pacesetter II LLC with MrJack WCombs, Managing Partner in Performance Realty Management, LLC, in early We had several discussionsI was looking for Passive Income to offset Passive Losses on my tax return, and MrCombs understood my wishes and convinced me that an investment in PRM (EPS II LLC) would work fine for me and would yield 8% annually, payable quarterlyI invested $20,in units of Equity Pacesetter II LLC effective April 2012.The 8% lasted exactly two quarters, whereupon I was advised that payments were being suspended to provide cash for other investments in the Phoenix areaThe suspended payments were going to be credited to my accountI have seen no record that such amounts have ever been credited.Then in December I was advised that my units of EPS II LLC were being transferred (without my prior knowledge or agreement) into units of American Realty Partners LLCYou can readily understand why I want out of this questionable investment.Please advise as to when I can expect the redemption payment, which should include the original Principal ($20,000.00), quarters of dividends, and 80% of the increase in Net Assets as per the original proposal (enclosed)
Regards,
*** ***

Re: Complaint #[redacted]Ladies and Gentlemen:We are in receipt of the above-referenced Complaint filed with the Revdex.com (“Revdex.com”) by [redacted].  Mr. [redacted]’s Complaint is wholly without merit and we respectfully request that the Revdex.com dismiss the Complaint and...

take no further action regarding the Complaint.  We do not believe that our Revdex.com rating should be negatively impacted by the Complaint.Substantively, while it is difficult to precisely understand the crux of Mr. [redacted]’s complaint, Mr. [redacted] appears to be unhappy with the financial returns of his investment.  To that end, Mr. [redacted]’s complaint is inaccurate and has no merit.  Mr. [redacted] was a member of Equity Pacesetter II, LLC, an Arizona limited liability company (“EPS”).  In 2013 after approval of the Members, EPS was merged with and into American Realty Partners, LLC, an Arizona limited liability company (“ARP”).  All of the members of EPS became members of ARP, along with the members of two other entities that were merged into ARP at the same time.  Mr. [redacted] was provided with Notice of the meeting that approved the merger, a Confidential Information Memorandum regarding the proposed combination and the Operating Agreement of ARP.  Mr. [redacted] was made completely aware of the proposed merger with ARP and was provided with an opportunity to object to the transaction.  Mr. [redacted]’s capital account was properly transferred to ARP.  Mr. [redacted] is entitled to receive distributions from ARP in the same manner as every other member of ARP in accordance with the Operating Agreement of ARP.  Mr. [redacted] has not been “paying for the handsome overhead of PRM.”  [redacted] is the Manager of ARP.  PRM’s rights and obligations are governed by the Operating Agreement of ARP.Mr. [redacted] appears to suggest that he will submit a Request for Redemption under the ARP Operating Agreement.  ARP will process that request in accordance with the terms and conditions of the ARP Operating Agreement.ARP and its manager PRM have observed all obligations to Mr. [redacted].  We respectfully request that the Revdex.com dismiss the Complaint and take no further action regarding this matter.Very truly yours,AMERICAN REALTY PARTNERS, LLCBy:    [redacted]By:     [redacted]Its:     Manager

We are in receipt of the above-referenced response filed with the Revdex.com (“Revdex.com”) by [redacted] As indicated in our March response, Mr[redacted] Complaint is wholly without merit and we respectfully request that the Revdex.com dismiss the Complaint and take no further action regarding the Complaint. We do not believe that our Revdex.com rating should be negatively impacted by the Complaint.Mr. [redacted] appears to continue to be unhappy with the financial returns of his investment. We cannot change the financial climate, the real estate market or the terms and conditions of Mr[redacted] investment. Mr[redacted] Complaint is inaccurate and has no merit and his response provides no further basis against us.By way of review, Mr. [redacted] was a member of Equity Pacesetter II, LLC, an Arizona limited liability company (“EPS”). In 2013 after approval of the Members, EPS was merged with and into American Realty Partners, LLC, an Arizona limited liability company (“ARP”). All of the members of EPS became members of ARP, along with the members of two other entities that were merged into ARP at the same time. Mr. [redacted] was provided with Notice of the meeting that approved the merger, a Confidential Information Memorandum regarding the proposed combination and the Operating Agreement of ARP. Mr. [redacted] was made completely aware of the proposed merger with ARP and was provided with an opportunity to object to the transaction. Mr[redacted] capital account was properly transferred to ARP. Mr. [redacted] is entitled to receive distributions from ARP in the same manner as every other member of ARP in accordance with the Operating Agreement of ARP. Performance Realty Management, LLC is the Manager of ARP. PRM’s rights and obligations are governed by the Operating Agreement of ARP.Mr. [redacted] submitted a Request for Redemption under the ARP Operating Agreement. In accordance with the terms and conditions of the ARP Operating Agreement, ARP will not be making redemptions at this time. Instead, ARP has recently acquired a public shell and is contemplating a transaction that would result in Mr[redacted] ownership in ARP being freely tradable in the public markets. We hope to bring this plan to fruition, but there can be no assurances.ARP and its manager PRM have observed all obligations to Mr. Frost. We again respectfully request that the Revdex.com dismiss the Complaint and take no further action regarding this matter.Very truly yours,American Realty Partners, LLC

Re: Complaint #[redacted]Ladies and Gentlemen:We are in receipt of the above-referenced Complaint filed with the Revdex.com (“Revdex.com”) by [redacted].  Mr. [redacted]’s Complaint is wholly without merit and we respectfully request that the Revdex.com dismiss the...

Complaint and take no further action regarding the Complaint.  We do not believe that our Revdex.com rating should be negatively impacted by the Complaint.Substantively, while it is difficult to precisely understand the crux of Mr. [redacted]’s complaint, Mr. [redacted] appears to be unhappy with the financial returns of his investment.  To that end, Mr. [redacted]’s complaint is inaccurate and has no merit.  Mr. [redacted] was a member of Equity Pacesetter II, LLC, an Arizona limited liability company (“EPS”).  In 2013 after approval of the Members, EPS was merged with and into American Realty Partners, LLC, an Arizona limited liability company (“ARP”).  All of the members of EPS became members of ARP, along with the members of two other entities that were merged into ARP at the same time.  Mr. [redacted] was provided with Notice of the meeting that approved the merger, a Confidential Information Memorandum regarding the proposed combination and the Operating Agreement of ARP.  Mr. [redacted] was made completely aware of the proposed merger with ARP and was provided with an opportunity to object to the transaction.  Mr. [redacted]’s capital account was properly transferred to ARP.  Mr. [redacted] is entitled to receive distributions from ARP in the same manner as every other member of ARP in accordance with the Operating Agreement of ARP.  Mr. [redacted] has not been “paying for the handsome overhead of PRM.”  [redacted] is the Manager of ARP.  PRM’s rights and obligations are governed by the Operating Agreement of ARP.Mr. [redacted] appears to suggest that he will submit a Request for Redemption under the ARP Operating Agreement.  ARP will process that request in accordance with the terms and conditions of the ARP Operating Agreement.ARP and its manager PRM have observed all obligations to Mr. [redacted].  We respectfully request that the Revdex.com dismiss the Complaint and take no further action regarding this matter.Very truly yours,AMERICAN REALTY PARTNERS, LLCBy:    [redacted]By:     [redacted]Its:     Manager

We are in receipt of the above-referenced response filed with the Revdex.com (“Revdex.com”) by [redacted] As indicated in our March response, Mr[redacted] Complaint is wholly without merit and we respectfully request that the Revdex.com dismiss the Complaint and take no further action regarding the Complaint. We do not believe that our Revdex.com rating should be negatively impacted by the Complaint.Mr. [redacted] appears to continue to be unhappy with the financial returns of his investment. We cannot change the financial climate, the real estate market or the terms and conditions of Mr[redacted] investment. Mr[redacted] Complaint is inaccurate and has no merit and his response provides no further basis against us.By way of review, Mr. [redacted] was a member of Equity Pacesetter II, LLC, an Arizona limited liability company (“EPS”). In 2013 after approval of the Members, EPS was merged with and into American Realty Partners, LLC, an Arizona limited liability company (“ARP”). All of the members of EPS became members of ARP, along with the members of two other entities that were merged into ARP at the same time. Mr. [redacted] was provided with Notice of the meeting that approved the merger, a Confidential Information Memorandum regarding the proposed combination and the Operating Agreement of ARP. Mr. [redacted] was made completely aware of the proposed merger with ARP and was provided with an opportunity to object to the transaction. Mr[redacted] capital account was properly transferred to ARP. Mr. [redacted] is entitled to receive distributions from ARP in the same manner as every other member of ARP in accordance with the Operating Agreement of ARP. Performance Realty Management, LLC is the Manager of ARP. PRM’s rights and obligations are governed by the Operating Agreement of ARP.Mr. [redacted] submitted a Request for Redemption under the ARP Operating Agreement. In accordance with the terms and conditions of the ARP Operating Agreement, ARP will not be making redemptions at this time. Instead, ARP has recently acquired a public shell and is contemplating a transaction that would result in Mr[redacted] ownership in ARP being freely tradable in the public markets. We hope to bring this plan to fruition, but there can be no assurances.ARP and its manager PRM have observed all obligations to Mr. Frost. We again respectfully request that the Revdex.com dismiss the Complaint and take no further action regarding this matter.Very truly yours,American Realty Partners, LLC

I have reviewed the response made by the business in reference to complaint ID 10464876, and have determined that this proposed action would not resolve my complaint.  For your reference, details of the offer I reviewed appear below.

I completed my Request for Redemption Form, and transmitted same with my letter mis-dated 14 February 2014. My Certificate of ownership is dated 26 April 2012.  Three years have now passed.Please remember that I discussed my original investment in Equity Pacesetter II LLC with Mr. Jack W. Combs, Managing Partner in Performance Realty Management, LLC, in early 2012. We had several discussions. I was looking for Passive Income to offset Passive Losses on my tax return, and Mr. Combs understood my wishes and convinced me that an investment in PRM (EPS II LLC) would work fine for me and would yield 8% annually, payable quarterly. I invested $20,000 in 2 units of Equity Pacesetter II LLC effective 26 April 2012.The 8% lasted exactly two quarters, whereupon I was advised that payments were being suspended to provide cash for other investments in the Phoenix area. The suspended payments were going to be credited to my account. I have seen no record that such amounts have ever been credited.Then in December 2013 I was advised that my 2 units of EPS II LLC were being transferred (without my prior knowledge or agreement) into 1.1 units of American Realty Partners LLC. You can readily understand why I want out of this questionable investment.Please advise as to when I can expect the redemption payment, which should include the original Principal ($20,000.00), 12 quarters of dividends, and 80% of the increase in Net Assets as per the original proposal (enclosed).

Regards,

Re: Complaint #[redacted]. [redacted]Ladies and Gentlemen:We are in receipt of the above-referenced Complaint filed with the Revdex.com (“Revdex.com”) by [redacted]. [redacted].  Mr. [redacted]’s Complaint is wholly without merit and we respectfully request that the Revdex.com dismiss the...

Complaint and take no further action regarding the Complaint.  We do not believe that our Revdex.com rating should be negatively impacted by the Complaint.Substantively, while it is difficult to precisely understand the crux of Mr. [redacted]’s complaint, Mr. [redacted] appears to be unhappy with the financial returns of his investment.  To that end, Mr. [redacted]’s complaint is inaccurate and has no merit.  Mr. [redacted] was a member of Equity Pacesetter II, LLC, an Arizona limited liability company (“EPS”).  In 2013 after approval of the Members, EPS was merged with and into American Realty Partners, LLC, an Arizona limited liability company (“ARP”).  All of the members of EPS became members of ARP, along with the members of two other entities that were merged into ARP at the same time.  Mr. [redacted] was provided with Notice of the meeting that approved the merger, a Confidential Information Memorandum regarding the proposed combination and the Operating Agreement of ARP.  Mr. [redacted] was made completely aware of the proposed merger with ARP and was provided with an opportunity to object to the transaction.  Mr. [redacted]’s capital account was properly transferred to ARP.  Mr. [redacted] is entitled to receive distributions from ARP in the same manner as every other member of ARP in accordance with the Operating Agreement of ARP.  Mr. [redacted] has not been “paying for the handsome overhead of PRM.”  [redacted] is the Manager of ARP.  PRM’s rights and obligations are governed by the Operating Agreement of ARP.Mr. [redacted] appears to suggest that he will submit a Request for Redemption under the ARP Operating Agreement.  ARP will process that request in accordance with the terms and conditions of the ARP Operating Agreement.ARP and its manager PRM have observed all obligations to Mr. [redacted].  We respectfully request that the Revdex.com dismiss the Complaint and take no further action regarding this matter.Very truly yours,AMERICAN REALTY PARTNERS, LLCBy:    [redacted]By:     [redacted]Its:     Manager