LOS ANGELES--(BUSINESS WIRE)--RealtyMogul, an online marketplace that pioneered providing direct real estate access to discerning investors, announced that it has sold four real estate properties on behalf of its investors. The properties were originally invested in between 2013 and 2015 and all sold in 2018.
The first property is a 1,242-unit self-storage facility in Fayetteville, NC. It was acquired in December 2013 and sold in January 2018. It was acquired for $6,750,000 and sold for $9,645,000, representing a 43% increase in capital value from acquisition.
The second property is a 40,000-square foot office building in Tamarac, FL. It was acquired in May 2016 and sold in February 2018. It was acquired for $4,150,000 and sold for $4,900,000, representing an 18% increase in capital value from acquisition.
The third property is a 72-unit multifamily apartment building in Ogden, KS. It was acquired in July 2013 and sold in April 2018. It was acquired for $4,000,000 and sold for $4,450,000, representing an 11% increase in capital value from acquisition.
The fourth property is a 208-unit multifamily apartment building in Euless, TX. It was acquired in February 2015 and sold in May 2018. It was acquired for $12,375,000 and sold for $20,900,000 after a value-add renovation program, representing a 69% increase in capital value from acquisition.
CEO Jilliene Helman noted, “We are proud of our strong performance to date and grateful to our investors for entrusting us with their hard-earned capital. We operate day in and day out to be good stewards of that capital and are excited to announce these recent sales.”
All four of these investments were offered to accredited investors as investments in specific properties offered through private placements. Each investment passed 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 that less than 1% of the deals brought to RealtyMogul pass its underwriting standards.
Past performance is not indicative of future performance. 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 capital, default risk, industry and capital call risk. Investments may not achieve their objective.
RealtyMogul is a 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.