Over 85 Investors Formally Express Confidence in Firm’s Leadership, Transparency, and Integrity
American Ventures, a Texas-based real estate development firm, today announced that over 85 investors have formally and voluntarily signed statements of support for the company and its Founder and CEO, Shravan Parsi, following recent negative media coverage. The outpouring of investor backing, collected over a 48-hour period, reflects what signatories describe as an exceptional standard of communication, integrity, and personal commitment that Shravan Parsi and his team have demonstrated throughout some of the most challenging years in modern real estate history.
The investor statements each signed under the investors’ own names and, in many cases, their companies uniformly express confidence in Shravan Parsi, American Ventures’ leadership and a desire to see the firm continue advancing its development projects.
Investors Speak Out
Investors cited consistent communication, hands-on project management, and Shravan Parsi’s personal commitment as hallmarks of the American Ventures experience. The following are their words, unedited.
In our entire relationship, Shravan and his team have exhibited suburb transparency, communication, competence, and professionalism. I am always able to contact Shravan by phone, email, or text. Even when he is traveling with his family, Shravan quickly responds with extensive details, a happy countenance, and offers to arrange calls for follow-ups. The AV team is unlike so many developers that will drip out information about ongoing projects, only giving granularity when pressed. On the contrary, AV sends regular quarterly updates (and sometimes monthly which is far more than the industry norm) that are extensive, intricate, and transparent.”
— Sandeep Shah, Founder & CEO, Vitae Capital
“For a little over two years I have invested with American Ventures in several projects in South Texas. The personal experiences been very gratifying as Shravan Parsi and his team take a very hands on approach to deliver important and timely updates on each project. They answer questions and give details beyond what I have experienced with other developers. This includes honest discussions about fees and costs. They are always available. Professionally, I am very please with the performance to date of our projects. This is a reflection of Shravan’s ability to assemble talented people and lead with a vision. Development is complex with problems occurring often without warning. However, American Ventures has smoothly handled all issues which is comforting for an investor. Shravan has shown great vision and foresight in choosing solid properties and then adding value through out the development process.”
— Phil Garner, Investor
“I have known Shravan Parsi for over 10 years as well as investing with him through American Ventures. He has always done what he said he would do and kept me up to date on projects in progress in a timely manner.”
— Rick Bennett, CPA/PFS, CFP®, Founder, Maslow Wealth Advisors
“Investing with American Ventures has been an exceptional experience right from beginning. Shravan’s attention to every detail, transparent communication, and direct availability to answer questions have made the entire investment process smooth and confidently executed.”
— Srikanth Ramaka, Investor
“I have been investing with American Ventures for five years and saw excellent returns on the Shadow Creek San Antonio project. I receive regular updates on each project, and whenever I have questions, I email Shravan directly or join a Zoom call with him & his project team. I trust American Ventures under Shravan’s leadership and wish success for all of us.”
— Sudheer Yarlagadda, Investor
“I am invested in two projects with American Ventures. The team has been professional and the communications timely. I am also invested in several projects with other sponsors, and the AV team has demonstrated more value creation during a challenging market than many others.”
— Kris Wong, KSW Group LLC
“I’ve appreciated Shravan’s consistent and transparent communication about project status, along with his professionalism in all interactions. Like many others, his projects have been affected by the recent Austin real estate downturn.”
— Raj Seku, Investor
“In my interactions with Shravan Parsi and the team at American Ventures, I have found them to be committed to their projects and open with regard to details.”
— Ashok Ambati, Ambati Investments LLC
