SAN FRANCISCO--(BUSINESS WIRE)--RealtyShares, a leading online marketplace for real estate investing, today released new data showing the wide reach the platform has established in Southern New England since inception.
Developed as a way to efficiently raise capital for real estate projects, RealtyShares has facilitated 20 deals across Massachusetts, Connecticut and Rhode Island totaling more than $15 million invested throughout the region. By leveraging technology and a network of 38,000 accredited investors, the company allows sponsors and developers to potentially raise money faster than traditional financing options.
“New England has a solid residential market and a concentration of metro areas that make for intriguing potential opportunities,” said Mark Masterson, Director of Investments at RealtyShares. “For our platform, we focus on projects that are centrally located, close to public transit or have access to employment centers.”
While also a strong market for commercial opportunities, RealtyShares has focused mostly on the single-family home market in the Northeast. Along with individual properties, the company has completed ten separate portfolio deals encompassing multiple properties per listing. The largest raised $2 million dollars from more than 90 investors from across the country.
Massachusetts leads the way with 13 deals funded through the ecosystem, totaling $8.6 million across multiple cities. The majority of deals funded in the region have been residential equity offerings, giving investors a larger stake in the project with increased risks.
“With strong home sales in Boston, healthy appreciation in Rhode Island and enduring stability in the housing market in Connecticut, the region remains one of our top areas of interest for investors,” said Masterson. Even with the favorable attributes of the area, there are risks so it is important to do due diligence.
To date, the RealtyShares network of investors has funded upwards of $300 million across more than 550 investment opportunities on the platform, funding residential and commercial projects in 35 states.
RealtyShares is transforming the real estate investment landscape by connecting borrowers and sponsors to debt and equity capital from accredited and institutional investors, across an array of financing products. Private investments are highly illiquid and risky and are not suitable for all investors. Through the RealtyShares website, these investors can browse investment opportunities, perform due diligence, invest online and have 24/7 access to an investor dashboard to watch how their investments are performing. RealtyShares offers securities through North Capital Private Securities Corporation, member FINRA/SIPC. For more information on how to become a real estate investor or to seek capital through the RealtyShares marketplace, please visit www.realtyshares.com.