Pelorus Management Group Refutes Arena Investors' Allegations

Pelorus Management Group Challenges False Claims

Pelorus Management Group, LLC is taking a stand against the misleading claims made by Arena Investors, LP. Recently, Pelorus issued a formal response to address the inaccuracies presented in Arena's public letter. This is an important moment for Pelorus, reinforcing their commitment to transparency and responsibility to investors.

Clarifying Relationship with Investors

In their communication, Pelorus emphasized that the nature of their operations is built upon maintaining trust and clarity with their investors and noteholders. The organization expressed disappointment over Arena's decision to release a letter that contains numerous inaccuracies concerning their operations and interactions.

Strengthening Investor Confidence

Pelorus highlighted their recent actions, particularly the replacement of certain collateral securing the 7.00% senior secured notes issued by Pelorus Fund REIT, LLC. These changes, executed in the best interest of the noteholders, are a part of Pelorus' ongoing commitment to enhancing the value of the collateral package.

Compliance and Covenant Adherence

Another critical point made by Pelorus is their unwavering compliance with the terms set out in the Note Purchase Agreement. They assured stakeholders that all payments to noteholders have been made in accordance with the outlined agreements, counteracting any allegations suggesting otherwise.

Looking Ahead to the Future

Pelorus remains focused on the long-term, with eyes toward maintaining their obligations through to the maturity of the notes in 2026. They are dedicated to fostering strong financial performance while upholding robust corporate governance standards.

About Pelorus Capital Group

Pelorus Capital Group, LLC is the sponsor of Pelorus Fund, LLC and Pelorus Fund REIT, LLC. They provide innovative solutions that target the multifaceted needs of investors in the real estate sector. With a rich history of engagement in over 4,700 transactions, Pelorus has actively participated in real estate investments exceeding a monumental $1 billion. Their extensive expertise enables them to grasp opportunities swiftly, shape effective solutions, and execute timely transactions.

Contacting Pelorus for More Information

For inquiries, Pelorus welcomes communication with their dedicated investor and media contacts. Their team at ASC Advisors is ready to assist with any questions regarding their services or clarifications about their recent statements.

Frequently Asked Questions

What prompted Pelorus Management Group to address Arena's claims?

Pelorus Management Group felt it was crucial to respond to the inaccurate statements made by Arena Investors to uphold their reputation and clarify their position to investors.

How does Pelorus ensure compliance with note agreements?

Pelorus maintains strict adherence to the covenants outlined in their Note Purchase Agreement, ensuring that all terms are met to instill confidence in their financial practices.

What recent actions has Pelorus taken regarding collateral?

Pelorus recently enhanced the quality of collateral securing their notes, showing their ongoing commitment to strengthening investor interests.

Is Pelorus continuing to pay their noteholders?

Yes, Pelorus has consistently honored their obligations to noteholders and is committed to maintaining those payments throughout the life of the notes.

What is Pelorus Capital Group's mission?

Pelorus Capital Group aims to provide innovative solutions that cater to the diverse needs of real estate investors, leveraging their extensive experience in the industry.

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