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Cases / Real estate

Connolly Properties Inc.

David M. Connolly

ReportedMay 22, 2012
LocationWatchung, NJ
Amount$50,000,000

This entry summarizes public reporting and government filings. Charges and civil complaints are allegations unless a court has entered a conviction or judgment — check the source for the current status.

Company / entity
Connolly Properties Inc.
Industry
Rental apartment buildings in NJ and PA (real estate investment vehicles)
How investors were recruited
200+ investors from 1996 on
Pitch & red flags
"monthly dividends based on cash-flow profits from rental income"; returns "in excess of 10 percent"

Pitch phrases from this case

Source

SEC official

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