Earlier in the week, Morris Invest cut all ties with Oceanpointe Property Management and Oceanpointe Investments in our Indianapolis market. In the meantime, we have been hard at work seeking out new property managers and contractors in this market. We are not only looking to refer fellow investors to these new companies but also to becoming clients ourselves as we too were Oceanpointe Property Management customers.
As we stated on May 1, we have partnered with HomeRiver Group Indianapolis, a subsidiary of a national property management company. They have been fielding new management requests from former Oceanpointe customers in recent weeks. We are looking for additional property management relationships as well.
We appreciate your patience during this transitional time. We have been heartened and encouraged by the support and response of the Indianapolis community as well as the investor community. We have come to believe that business relationships may sour but there are always solutions on the horizon.
Thank you for your time and attention.
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