Thu, Feb 14, 2019 – On Fri, Feb 1, 2019, a new DBA named Apex Residential Management Inc was registered by Registered Agents Inc with an Entity Address of 320 North Park Vista Street, Anaheim, California 92806 which is the Corporate Headquarters for Kort & Scott Financial Group aka Sierra Corporate Management.
In addition to the DBA registration, the domain Apex-RM.com was registered on Fri, Dec 7, 2018 and appears to be the website (Wix Inactive) for this new DBA. The Apex-RM.com domain is already being used for mobile home park email communications.
On Wed, Oct 9, 2016, Ricky R. Flandez, then Controller for Kort & Scott Financial Group, registered a new DBA named Platinum Acquisitions LLC. Not long thereafter, the Platinum Acquisitions LLC website, registered on Tue, Oct 18, 2016, launched with these statements...
Platinum Acquisitions owns almost 10,000 mobile home spaces and apartment units spread throughout the West Coast, valued at well over $1 billion. We very rarely sell any of our assets and are always in a position to buy, regardless of if we are in an exchange or not.
The company specializes in the acquisition and management of multi-family properties, specifically mobile home parks, which offer affordable housing alternatives in desirable markets. We are arguably the most aggressive buyers in the industry and will pay aggressively for desirable assets. We have the financial strength and flexibility to make virtually any sensical deal work.
The Kort & Scott Financial Group corporate website has been offline since Dec 2018. If our suspicions are correct, it appears that these changes may be an attempt to disassociate themselves with the Kort & Scott and Sierra Corporate Management brands, both of which have been the subject of past and ongoing major litigation.
In Nov 2018, both KSFG and SCM were found guilty by a Los Angeles, California jury of negligence, unfair business practices, retaliatory eviction and financial elder abuse. The jury awarded 55 of 235 residents $5.5 million in Actual Damages and $34 million in Punitive Damages. The Phase II Jury Trial for the remaining 180 of 235 residents is scheduled for Mon, Aug 19, 2019. See: Friendly Village Mobile Home Park