LOS ANGELES--(BUSINESS WIRE)--RealtyMogul, a pioneer in providing private real estate to discerning investors, announced that it has sold an investment property in partnership with Comunidad Realty Partners at greater than 1.5 times its purchase price.
The property, Lodge at Main, a 208-unit multifamily apartment complex in the Dallas/Fort Worth, Texas area was acquired in 2015. The property was identified by Comunidad Realty Partners and RealtyMogul as an investment property that could benefit from a value-add strategy involving the renovation of units and common areas. NOI, or net operating income, increased by $391,296, or 49%, through the execution of the value-add strategy.
“Comunidad Realty Partners’ experience sourcing multifamily assets and successfully executing their specialized value-add business plans makes them valuable partners,” said Jilliene Helman, CEO & Co-Founder of RealtyMogul. “We are pleased with the results, and hope our investors will be too.”
The Lodge at Main investment opportunity was offered to RealtyMogul’s accredited investors as an individual private placement after passing RealtyMogul’s stringent zero-based underwriting methodology, which analyzes each deal from scratch through a combination of proprietary in-house analytics and underwriting. The process is so intensive, less than 1% of the deals brought to RealtyMogul pass its high underwriting standards.
Private Placements are speculative and involve substantial risks. Consider the risks outlined in the Investor Document Package before investing. Risks include, but are not limited to illiquidity, lack of diversification, complete loss of invested capital, default risk, industry and capital call risk. This investment may not achieve its objectives.
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.