LOS ANGELES--(BUSINESS WIRE)--MogulREIT I, a real estate investment trust (“REIT”), today announced that it has completed an investment in a $6.69 million mixed use building in San Francisco, California, its 15th acquisition since inception. MogulREIT I was designed to offer investors potential cash flow through managing a diversified portfolio of commercial real estate investments, including, but not limited to medical office buildings, multifamily apartment complexes, office spaces and retail shopping centers.
“MogulREIT I has paid over a year of consecutive monthly distributions equal to an 8% annualized basis since inception*,” said Aaron Halfacre, President at RealtyMogul. “We believe this asset further diversifies the portfolio and increases its ability to provide passive, consistent cash flow.”
San Francisco is home to several of the nation’s largest employers, including Uber, Salesforce and Wells Fargo. Residential home prices remain high, creating a structurally tight market that forces many people to rent by necessity, and in turn, have caused rent prices to increase. According to CoStar, rent gains from 2009 to the end of 2015 were roughly 31%, among the best in the country.
“The chronic workforce housing shortage in San Francisco creates a unique demand environment, and a very desirable real estate investment market,” said Chris Fraley, Chief Investment Officer at RealtyMogul.
RealtyMogul is a unique commercial real estate private markets investing platform that provides discerning investors exclusive access to thoroughly vetted opportunities, rigorous underwriting, and high-touch customer service through licensed investment professionals. We strive to build wealth through sound principles and data insights, serving real people who want a smart alternative investing strategy.
We offer capital financing opportunities to qualified real estate companies, and through our rigorous vetting we’re able to hand-select opportunities for our discerning investors. RealtyMogul offers securities through North Capital Private Securities Corporation, member FINRA/SIPC.
* MogulREIT I has consistently declared distributions on a monthly basis since it started its operation. All distributions equate to approximately 8.00% based upon the historical NAV. The annualized basis distribution is not a guarantee or projection of future distributions, and the Manager may in the future declare lower distributions or no distributions at all. While the Manager is under no obligation to do so, the annualized basis distribution assumes that the Manager will declare distributions in the future similar with the distribution disclosed herein.