NEW YORK--(BUSINESS WIRE)--First RealFund (“FRF”), a premier commercial real estate crowdfunding platform headquartered in New York City, announced its public launch today. The online platform will provide qualified, accredited investors with opportunities to co-invest with FRF in professionally vetted offerings backed by leading real estate developers and operators.
“Our mission is to identify, offer, co-invest and manage high-quality real estate investments backed by capable owners with appealing assets,” said Dan Drew, Chief Executive Officer and Co-Founder of FRF.
“In today’s yield environment, savvy investors are actively pursuing innovative alternative investments in pursuit of higher risk-adjusted returns. Key to realizing this pursuit is a reliable pipeline of opportunities from a source whose interests are aligned with theirs. As co-investors in every offering, we provide exactly that,” added Drew.
First RealFund already has a $5 million pipeline and is co-investing $100,000 in each of its first two offerings. Deals currently making the cut are pre-funded, middle market assets in major metro areas such as New York City with value-add redevelopment strategies in high growth neighborhoods. Each project ranges from $500,000 to $3 million.
FRF offerings will generally be exempt securities offerings under Regulation D, 506c of the Securities Act of 1933. North Capital Private Securities Corp. serves at the placement agent for securities offered on the FRF platform. Jim Dowd, CEO of North Capital, observed, “As the leading broker-dealer for online exempt offerings, we have seen explosive growth in private real estate deals across all parts of the capital structure. We are delighted to be working with Dan and his team as they introduce a new approach to the market.” First RealFund plans to invest its own capital alongside investors’ in each of the deals it sources. “Having your own skin in the game is a key differentiator in this market,” said Dowd.
Drew, an industry veteran with more than 20 years of experience in commercial real estate, has held positions at Deutsche Bank, GE Capital, & Cantor Fitzgerald, where he focused on trading and underwriting both debt and equity positions for all commercial real estate asset classes.
FRF’s website features a proprietary investor dashboard that provides investors a secure environment to review offerings with an intuitive investment process and ongoing portfolio monitoring.
For more information, visit: http://firstrealfund.com
About First RealFund LLC
First RealFund’s mission is to identify, offer, co-invest, & manage high-quality commercial real estate investments backed by capable owners with appealing assets. Our foundation is decades of commercial real estate financing, asset management, development, sales & trading, and crowdfunding expertise. To request investor access, visit www.firstrealfund.com.
About North Capital
North Capital Private Securities Corp. is the leading broker-dealer for funding platforms and online direct issuers. NCPS is a member of FINRA and SIPC.