Real Estate Investing and Savings App HappyNest Adds 20 Real Estate Assets to its REIT
Real Estate Investing and Savings App HappyNest Adds 20 Real Estate Assets to its REIT
HappyNest added Westmount Realty Capital and Trevian Capital Debt Fund to its REIT presenting investors with more opportunities for stronger returns and lower volatility
CHARLOTTE, N.C.--(BUSINESS WIRE)--HappyNest Holdings Inc., a real estate company that provides access to high-quality commercial real estate investment opportunities to non-accredited investors announced today that it’s investing in a total of 20 real estate assets from Westmount Realty Capital and Trevian Capital Debt Fund helping further diversify its REIT offering and take advantage of opportunities provided by current market conditions.
The Trevian Capital Debt Fund has 19 loans, primarily multifamily properties that include industrial and mixed-use investments across 12 states valued at $82 million in the total fund portfolio with an annualized total return of 12.14%. Examples of assets within the fund include Oaks at Mustang, a 125-unit garden-style apartment complex in Alvin, Texas and a loan on a newly-completed 10-unit boutique condominium in Astoria, Queens.
HappyNest’s REIT will also include Westmount Realty Capital’s Cobb Corporate Center, a single-story flex office and industrial park in Marietta, Georgia that’s currently at 80% occupancy and is projected to generate 18.7% in returns. Nearby Atlanta’s industrial market has seen record rent growth numbers with flex space reaching 12.1% in 2022. The combination of below market in-place leases in Northwest Atlanta and three vacancies totaling over 38,000 square feet presents an excellent opportunity to generate net operating income growth over the next 5 years.
“HappyNest is excited to expand our REIT to include new relationships with Westmount Realty Capital and Trevian Capital Debt Fund which will provide more opportunities for our investors for strong returns, low volatility and passive income,” said Jesse Prince, founder and CEO at HappyNest. “There’s been an increase in investment volume in southeastern US as more Fortune 1000 companies continue to expand population centers that offer a highly educated workforce and low cost of living presenting huge opportunities in investments like the Cobb Corporate center.”
HappyNest REIT is a newly formed real estate investment trust that allows investing in a low-cost professionally managed portfolio of commercial real estate assets to investors who have had limited access to these types of investments. HappyNest invests in a diversified portfolio of single-tenant net leased income-producing commercial properties and other commercial real estate-related investments with varying ownership structures, including, but not limited to, sole ownership, tenancy-in-common, and joint ventures.
To learn more about HappyNest, please visit https://myhappynest.com/
About HappyNest
HappyNest is a fast-growing real estate company that provides access to high-quality commercial real estate investment opportunities to non-accredited investors starting with $10. HappyNest's portfolio of properties leased to Fortune 100 brand-name companies including FedEx and CVS allows customers to invest in companies they know and trust without the risks associated with stock market volatility. The HappyNest fund is currently producing 6% annualized income distributed in quarterly dividends, and investors may participate in future appreciation for the properties the funds own.
Contacts
Vanja Lakic
vanja.lakic@cognitomedia.com
