AJ, the sponsor, presents himself as a self-storage expert, writing books and discussing "market-proof deals", "bad operators", and his "technology" on podcasts and his YouTube channel. However, his actions do not match his words. Fund 1's performance has been disastrous, falling far below even their most conservative projections. In three years, the annualized cash-on-cash return has been a mere 0.3%, and distributions were halted two years ago with no sign of returning. This is so severe that *multiple* properties are being liquidated to stop financial losses. They blame the market, but I know that's not the issue. I invested in another self-storage fund with another operator at the same time, and it has been performing exceptionally well because the deals were sound, underwritten correctly, and not in the oversaturated markets that the "gurus" flocked to. This clearly shows the problem lies with Cedar Creek's poor deals and management, not the market. Adding to this, the fund has suffered from terrible communication, seemingly regular employee turnover, forcing them to hire a new leader to save a sinking ship. I would not recommend investing with this group.