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They were in addition to conned for the believing the newest $17-million-dollar appraisal report is actually according to exact issues and you may findings. The fresh Lakewood investors then represented to the Kansas traders your premise got fifty,000 square feet from buildable space and you may said area you’ll accommodate 80 so you can 100 domestic rental devices. It’s thought that the brand new Lakewood investors funneled the fresh monies received from TrueStone and also for the handling of the fresh Organization for other business and you will enterprises for personal uses. The newest Lakewood buyers breached its court and you will fiduciary requirements on the lovers and the fresh residents of one’s Establishment. For the Jan. 23, 2023, the brand new Lakewood people accepted to the Iowa Department away from Inspections and you may Appeals which they you are going to not keep working the new establishment. Inside November 2022, TrueStone registered to your an agreement on the Lakewood investors to companion in the a purchase of the newest Bluish Care family institution within the Iowa.