Pelorus Management Group Addresses Misleading Claims
Pelorus Management Group, LLC is standing firm against the false statements made by Arena Investors, LP. Recently, Pelorus issued an official response to correct the inaccuracies found in Arena's public letter. This moment is significant for Pelorus, as it underscores their dedication to transparency and accountability to their investors.
Clarifying Their Relationship with Investors
In their message, Pelorus stressed that their operations are grounded in trust and transparency with both investors and noteholders. The organization expressed disappointment regarding Arena's choice to publish a letter filled with inaccuracies about their operations and interactions.
Boosting Investor Confidence
Pelorus pointed out their recent initiatives, particularly the replacement of certain collateral backing the 7.00% senior secured notes issued by Pelorus Fund REIT, LLC. These adjustments, made with the best interests of the noteholders in mind, reflect Pelorus' ongoing commitment to enhancing the value of the collateral package.
Commitment to Compliance and Covenant Adherence
Another vital point raised by Pelorus is their steadfast compliance with the terms outlined in the Note Purchase Agreement. They reassured stakeholders that all payments to noteholders have been made according to the established agreements, directly countering any allegations to the contrary.
Looking Forward to the Future
Pelorus is focused on the long-term, committed to fulfilling their obligations until the notes mature in 2026. They are dedicated to promoting strong financial performance while adhering to high standards of corporate governance.
About Pelorus Capital Group
Pelorus Capital Group, LLC sponsors Pelorus Fund, LLC and Pelorus Fund REIT, LLC. They offer innovative solutions tailored to meet the diverse needs of investors in the real estate sector. With an impressive history of involvement in over 4,700 transactions, Pelorus has engaged in real estate investments totaling more than $1 billion. Their extensive expertise allows them to quickly identify opportunities, develop effective solutions, and execute timely transactions.
Contacting Pelorus for Further Information
For any inquiries, Pelorus encourages communication with their dedicated investor and media contacts. Their team at ASC Advisors is available to assist with questions regarding their services or to provide clarifications about their recent statements.
Frequently Asked Questions
What prompted Pelorus Management Group to address Arena's claims?
Pelorus Management Group felt it was essential to respond to the inaccurate statements made by Arena Investors to protect their reputation and clarify their position to investors.
How does Pelorus ensure compliance with note agreements?
Pelorus adheres strictly to the covenants outlined in their Note Purchase Agreement, ensuring that all terms are met to build trust in their financial practices.
What recent actions has Pelorus taken regarding collateral?
Pelorus recently improved the quality of collateral securing their notes, demonstrating their ongoing commitment to strengthening investor interests.
Is Pelorus continuing to pay their noteholders?
Yes, Pelorus has consistently fulfilled their obligations to noteholders and is committed to maintaining those payments throughout the duration of the notes.
What is Pelorus Capital Group's mission?
Pelorus Capital Group aims to provide innovative solutions that address the diverse needs of real estate investors, leveraging their extensive industry experience.
