The team at our affiliated broker-dealer, RM Securities, conducts diligence on of the issuer, including detailed background checks, criminal checks, bad actor checks, and reference checks on sponsors. In addition to screening for any criminal background, we may also turn down sponsors due to poor reference checks, even if the background and criminal checks are satisfactory.
We require unaffiliated sponsors to use an unaffiliated third-party escrow agent.* When an investor makes an investment with such sponsors using the RealtyMogul platform, the investor’s money is transferred directly into a third-party escrow account. All closing conditions in connection with a sponsor’s contingency offering need to be met before the third-party escrow agent will approve releasing investor funds to the issuer or general partner. For example, if an issuer or general partner plans to use funds for a real estate acquisition that does not ultimately transact, the third-party escrow agent will not transfer investor funds to the issuer or general partner, and funds will be returned to investors.
* Unless otherwise disclosed, escrow accounts are not required for some investments that accommodate 1031 investments where the property is already acquired.
Our processes typically includes visiting certain properties (or a subset of properties if it's a fund) to confirm the real estate is what and where the real estate is supposed to be. For certain properties that accommodate 1031 exchange investments, the team will review third-party prepared due diligence reports in lieu of a site visit.
We have formalized processes and checklists for every private placement deal listed on the platform.
Atlanta is a hotbed for tech, growth, and innovation. Microsoft’s new $75 million project, announced in 2020, will employ 1,500-2,500 workers. The property is 7 minutes from Dobbins Air Force Base and Lockheed Martin, who employ over 7,000 people. The Cumberland Platinum Triangle is 17-minutes away offering over 15 million square feet of office and retail space and over 150,000 jobs.
The Marietta submarket is quickly growing with rents rising 5.2% over the past year. The area is also rapidly gentrifying as many older retail units are currently under redevelopment. Average in-place rents at the property are currently 12% below average rents in Marietta.
The previous owners have spent minimal capital upgrading property amenities and many of the units remain unrenovated. There are significant value-add opportunities to improve the building’s exterior appearance including a modern paint job and upgrades to the surrounding landscaping and pool area.
Western Wealth Capital
Western Wealth Capital ("WWC") has developed a proven, reliable system for investing in multi-family properties in key real estate markets across the U.S. WWC offers Investment Partners the opportunity to invest in cash-flowing properties with substantial value-add opportunities. Since its inception, they have successfully completed over $2.9 billion in real estate transactions.
https://www.westernwealthcapital.com/Western Wealth Capital Track Record(1)
Currently Under Management: | |||||
Property | City, State | Asset Type | Acq Date | Units | Purchase Price |
Southwinds Point | Stockbridge, GA | Multi-family | Jan-19 | 240 | $28,350,000 |
Bridgewater at Mt. Zion | Stockbridge, GA | Multi-family | Oct-18 | 200 | $22,300,000 |
Parc at 1695 | Norcross, GA | Multi-family | Jan-20 | 252 | $31,650,000 |
Arizona Portfolio | Arizona | Multi-family | Various | 7,416 | $946,450,000 |
Texas Portfolio | Texas | Multi-family | Various | 6,747 | $708,200,000 |
Total | 14,855 | $1,736,950,000 |
Sold/Refinanced: | |||||||
Property | City, State | Asset Type | Acq Date | Units | Purchase Price | Sale Price | Sale/Refi Date |
Arizona Portfolio | Arizona | Multi-family | Various | 6,521 | $511,519,950 | $745,162,857 | Various |
Texas Portfolio | Texas | Multi-family | Various | 480 | $47,750,000 | $54,500,000 | Various |
Total | 7,001 | $559,269,950 | $799,662,857 |
(1) Representative of a selective track record. The Real Estate Company has transacted on over $2.9B of multifamily properties. They are currently invested in 16,214 units of MF with $2.3B of AUM. Please see their attached portfolio brochure for additional detail.
The above bios and track record were provided by Western Wealth Capital and have not been independently verified by RealtyMogul.
The Business Plan involves increasing the net operating income over a three-year period using Western Wealth Capital’s disciplined and consistent value-add program. The three main drivers to increase the net operating income:
- Normalize rents and bring to market average
- Current owners are operating with the disparity between rents of like-units across the property. Western Wealth Capital intends to reduce that disparity using a proven lease management approach.
- Interior Upgrades
- Western Wealth Capital plans to complete a range of interior upgrades to 125 units and project a $165 per month per unit increase in rental income.
- Washer/Dryer Value-Add Opportunity
- Western Wealth Capital plans to install washers and dryers in 150 units of the 188 units, enabling a projected increase of $50 per unit per month of rental income.
CapEx Breakdown
Amount | Per Unit | |
Interior Renovations | ||
Interior upgrade (125 Units) | $937,500 | $4,987 |
Washer/Dryer | $150,000 | $3,261 |
Model Unit | $15,000 | $326 |
Total Interior Renovation Costs | $1,102,500 | $8,574 |
Exterior Renovations | Amount | Per Unit |
Signage | $40,000 | $213 |
Pool Furniture + Deck | $50,000 | $266 |
Fitness Center | $20,000 | $106 |
Other Amenities | $75,000 | $399 |
Roof | $50,000 | $266 |
Landscaping | $50,000 | $266 |
Retaining Walls | $80,000 | $426 |
HVAC | $40,000 | $213 |
Parking Lot | $75,000 | $399 |
Exterior Paint - Rails/stairs | $80,000 | $426 |
Operation Start-up | $28,200 | $150 |
Parcel Lockers | $30,000 | $160 |
Dog Park | $35,000 | $186 |
Plumbing Allowance | $50,000 | $266 |
Wood Replacement/Stairs | $100,000 | $532 |
OPTION: Glass railing behind leasing office. | $30,000 | $160 |
OPTION: Replace 3 paned windows in leasing office | $10,000 | $53 |
Total Exterior Renovation Costs | $843,200 | $4,485 |
CM Fee | $54,375 | $289 |
Reserve (10.3%) | $200,232 | $1,065 |
Grand Total | $2,200,307 | $14,413 |
Built in 1987, the Property offers great upside potential with many units in need of upgrading. BelAire is positioned 11 minutes from Interstate 75 linking to downtown Atlanta in 24 minutes. BelAire Apartment Homes has a mix of studio, one, two, and three-bedroom apartments featuring sunrooms, patios, storage rooms, walk-in closets, and keyless building entry. Community amenities at this property feature a clubhouse, swimming pool, fitness center, dog park, playground, grill area, and walking trail.
Unit Mix
Classic | # of Units | Avg SF/Unit | Avg Rent | Avg Rent Stabilized | Rent per SF |
1x1 (A) - Classic | 13 | 690 | 960 | 1,134 | $1.39 |
2x2 (A) - Classic | 51 | 1,000 | 1,113 | 1,340 | $1.11 |
2x2 (B) - Classic | 82 | 1,100 | 1,134 | 1,340 | $1.03 |
3x2 (A) - Classic | 4 | 1,285 | 1,324 | 1,594 | $1.03 |
Renovated | # of Units | Avg SF/Unit | Avg Rent | Avg Rent Stabilized | Rent per SF |
0x1 (A) - 2020 Built | 12 | 585 | 1,109 | 1,309 | $1.90 |
0x1 (A) - 2020 Built | 6 | 680 | 1,113 | 1,409 | $1.64 |
1x1 (B) - Renovated | 3 | 690 | 1,155 | 1,358 | $1.67 |
2x2 (A) - Renovated | 5 | 1,000 | 1,266 | 1,516 | $1.27 |
2x2 (B) - Renovated | 6 | 1,100 | 1,364 | 1,587 | $1.24 |
3x2 (A) - Renovated | 6 | 1,285 | 1,458 | 1,754 | $1.13 |
Total/Averages | 188 | 999 | $1,140 | $1,357 | $1.36 |
Lease Comparables
The Bentley at Marietta | Magnolia at Whitlock | Wood Pointe | 1250 West | Trellis Apartments | Comp Averages | BelAire Apartments | |
Year Built | 1985 | 1972 | 1987 | 1987 | 1986 | 1983 | 1987 |
Average Rental Rate | $1,315 | $1,297 | $1,396 | $1,437 | $1,449 | $1,414 | $1,181 |
Average SF | 959 | 1,118 | 1,050 | 959 | 1,261 | 1,036 | 992 |
Average $/SF | $1.50 | $1.1 | $1.33 | $1.50 | $1.15 | $1.36 | $1.19 |
# Units (0x1) | 18 | ||||||
$ (0x1) | $1,200 | ||||||
SF (0x1) | 630 | ||||||
$/SF (0x1) | $1.90 | ||||||
# Units (1x1) | 64 | 32 | 87 | 188 | 93 | 16 | |
$ (1x1) | $1,223 | $1,115 | $1098 | $1,293 | $1,218 | $1,020 | |
SF (1x1) | 800 | 850 | 785 | 753 | 777 | 690 | |
$/SF (1x1) | $1.53 | $1.31 | $1.40 | $1.72 | $1.57 | $1.48 | |
# Units (2x2) | 58 | 96 | 67 | 222 | 166 | 122 | 144 |
$ (2x2) | $1,416 | $1,293 | $1,685 | $1,460 | $1,400 | $1,438 | $1,175 |
SF (2x2) | 1,100 | 1,150 | 1,218 | 1,070 | 1,240 | 1,148 | 1,050 |
$/SF (2x2) | $1.29 | $1.12 | $1.38 | $1.36 | $1.13 | $1.25 | $1.12 |
# Units (3x2) | 24 | 24 | 58 | 44 | 38 | 10 | |
$ (3x2) | $1,580 | $1,668 | $1,812 | $1,635 | $1,700 | $1,485 | |
SF (3x2) | 1,350 | 1,541 | 1,200 | 1,340 | 1,320 | 1,285 | |
$/SF (3x2) | $1.17 | $1.08 | $1.51 | $1.22 | $1.29 | $1.16 |
Sales Comparables
2330 Cobb | Vinings Palisades | The Everette at East Cobb | SoCo Apartments | Crest at East Cobb | Wildwood Ridge | Total/Averages | BelAire Apartments | |
Date | Under Contract | Under Contract | February 1, 2021 | December 1, 2020 | November 1, 2020 | October 1, 2020 | Jul '24 | |
Submarket | Smyrna | Smyrna | Marietta | Smyrna | Martietta | Atlanta | Southwest Marietta | |
Year Built | 1986 | 1973 | 1983 | 1985 | 1973 | 1974 | 1979 | 1987 |
Units | 222 | 427 | 312 | 106 | 150 | 564 | 297 | 188 |
Average SF | 975 | 1,099 | 997 | 1,064 | 1,133 | 1,268 | 1,089 | 999 |
Sale Price | $41,500,000 | $76,000,000 | $48,400,000 | $16,000,000 | $24,900,000 | $113,500,000 | $53,383,333 | $36,300,000 |
$/Unit | $186,937 | $177,986 | $155,128 | $150,943 | $166,000 | $201,241 | $173,039 | $193,085 |
$/SF | $191.60 | $162.73 | $155.48 | $130.25 | $146.47 | $183.15 | $161.61 | $193.30 |
Distance from Subject (mi.) | 6.6 miles | 9.5 miles | 4.8 miles | 7.1 miles | 5.3 miles | 8.4 Miles | 8.4 Miles |
Market Overview
Atlanta was the fourth fastest-growing metro area in the U.S. between 2010 and 2019 and rents in the city continue to rise at an impressive annual rate of 3.5%. The city is already home to more than a dozen Fortune 500 companies including Coca-Cola, Chick-fil-A, and The Home Depot. Microsoft’s new $75 million project, announced in 2020, will employ 1,500-2,500 workers. Airbnb has chosen Atlanta for its new East Coast tech hub, employing roughly 300 people. Atlanta’s industrial market has seen strong leasing activity over the past year and Amazon is leading the way with 6.0 million square feet of industrial space leased in 2020 alone.
Submarket Overview
The Marietta submarket is quickly growing with rents rising 5.2% over the past year. The area is also rapidly gentrifying as many older retail units are currently under redevelopment. Major employers in the area include Dobbins Air Force Base and Lockheed Martin, who together employ over 7,000 people. The submarket neighbors "The Platinum Triangel" offering over 15 million square feet of office and retail space and over 150,000 jobs.
Total Capitalization
Sources of Funds | $ Amount | $/Unit |
Debt | $29,500,000 | $156,915 |
GP Investor Equity | $250,000 | $1,330 |
LP Investor Equity | $10,840,000 | $57,659 |
Total Sources of Funds | $40,590,000 | $215,904 |
Uses of Funds | $ Amount | $/Unit |
Purchase Price | $36,300,000 | $193,085 |
General Partner Fees(1) | $1,021,000 | $5,431 |
CapEx | $2,200,307 | $11,704 |
Tax/Insurance Escrow | $140,868 | $749 |
Legal & Closing Costs(2) | $927,825 | $4,935 |
Total Uses of Funds | $40,590,000 | $215,904 |
The Sponsor’s equity contribution may consist of friends and family equity and equity from funds controlled by the Sponsor.
(1) General Partner Fees are inclusive of the Real Estate Company's acquisition fee and mortgage guarantee fee.
(2) RM Technologies, LLC, an affiliate of RealtyMogul, operates the RealtyMogul Platform. RM Technologies, LLC charges a fixed, non-percentage-based fee for real estate companies and their sponsors to use the Platform and for Platform-related services. Please see the Fees and Disclaimers sections below for additional information concerning fees paid to RM Technologies, LLC.
The expected terms of the debt financing are as follows:
- Lender: Greystone
- Base Term: 3 Years
- Extensions: 2 Years
- Loan-to-Value: 81.3%
- Estimated Proceeds: $29,500,000
- Interest Type: Floating
- Spread: LIBOR + 295 with LIBOR floor of 0.25%
- Interest-Only Period: 5 Years
- Amortization: Interest Only
- Prepayment Terms: 75bps after 6 months
- Exit Fee: 75bps
- Extension Fees: 25bps
There can be no assurance that the Sponsor will secure debt on the rates and terms noted above, or at all. All of the Sponsor’s estimated rates and terms of the debt financing are subject to lender approval, including but not limited to possible increases in capital reserve requirements for funds to be held in a lender-controlled capital reserve account.
A substantial portion of the total acquisition for the Property will be paid with borrowed funds. The use of borrowed money to acquire real estate is referred to as leveraging. Leveraging increases the risk of loss. If the Sponsor were unable to pay the payments on the borrowed funds (called a "default"), the lender might foreclose, and the Sponsor could lose its investment in its property.
Western Wealth Capital intends to make distributions from RM LXIII, LP as follows:
- To the Investors, pari passu, until a full return of LP capital;
- 65% / 35% (65% to Investors / 35% to Promote) of excess cash flow thereafter.
Western Wealth Capital intends to make distributions to investors after the payment of both company's liabilities (loan payments, operating expenses, and other fees as more specifically set forth in the LLC agreements, in addition to any member loans or returns due on member loan).
Distributions are expected to start in November 2021 and are projected to continue on an annual basis thereafter. Distributions are at the discretion of Western Wealth Capital, who may decide to delay distributions for any reason, including maintenance or capital reserves.
Cash Flow Summary | ||||
Year 1 | Year 2 | Year 3 | ||
Effective Gross Revenue | $2,787,527 | $3,146,974 | $3,495,296 | |
Total Operating Expenses | $1,162,387 | $1,396,861 | $1,431,850 | |
Net Operating Income | $1,625,387 | $1,750,113 | $2,063,447 | |
Project-Level Cash Flows(1)(2) | ||||
Year 0 | Year 1 | Year 2 | Year 3 | |
Net Cash Flow | -$11,090,000 | $452,395 | $569,932 | $15,909,248 |
Investor-Level Cash Flows(1)(2) | ||||
Year 0 | Year 1 | Year 2 | Year 3 | |
Net Cash Flow | -$3,000,000 | $122,379 | $154,175 | $4,303,674 |
Investor-Level Cash Flows - Hypothetical $50,000 Investment(1)(2) | ||||
Year 0 | Year 1 | Year 2 | Year 3 | |
Net Cash Flow | -$50,000 | $2,040 | $2,570 | $71,728 |
(1) The Real Estate Company reserves the right to distribute 80% of net cash flow to Investors with the remaining 20% to be held back as working capital and redistributed at the end of the hold period.
(2) Returns are net of all fees. Such Fees include fees paid to RM Admin, an affiliate of RealtyMogul, who charges an annual fixed administrative fee for providing certain ongoing administrative services to the Sponsor. Please see the Fees and Disclaimers sections and Disclaimers sections below for additional information concerning fees paid to RM Admin.
RM Technologies, LLC and its affiliates does not provide any assurance of returns. The content on this Page, including Sponsor’s pro forma projections, was provided by the Sponsor or an affiliate thereof. Although RM Technologies, LLC believes the Sponsor reliably produced this content, RM Technologies, LLC makes no representations or warranties as to the accuracy of such information and accepts no liability therefor. The assumptions and projections included in the content on this Page, including the Sponsor’s pro forma projections, are not reflective of the position of RM Technologies, LLC or any other person or entity other than the Sponsor or its affiliates. There can be no assurances that all or any of the Sponsor’s assumptions will be true, that actual performance will bear any relation to these hypothetical illustrations, or that the Sponsor’s investment objectives will be achieved. For additional information concerning the Sponsor’s assumptions and projections, and the significant risks involved in investing in real estate, please see the Disclaimers section below.
Certain fees and compensation will be paid over the life of the transaction; please refer to Western Wealth Capital's materials for details. The following fees and compensation will be paid(1)(2)(3):
One-Time Fees: | |||
Type of Fee | Amount of Fee | Received By | Paid From |
Acquisition Fee | Up to 2.0% of Purchase Price | Western Wealth | Partnership at Close |
Disposition Fee | 1.0% of Disposition Sales Price | Western Wealth | Partnership at Sale |
Mortgage Guarantee Fee | 1.0% of Mortgage | Western Wealth | Partnership at Close |
Construction Management Fee | 5.0% of Interior Rehab Costs | Western Wealth | CapEx Budget |
Recurring Fees: | |||
Type of Fee | Amount of Fee | Received By | Paid From |
Property Management Fee | 3.0% of EGI | Western Wealth Property Manager | Cash Flow |
Asset Management Fee | 2.0% of EGI | Western Wealth | Cash Flow |
Administrative Services Fee | 1.0% of Equity(4) | RM Admin(3) | Cash Flow |
(1) Fees may be deferred to reduce impact to investor distributions.
(2) RM Technologies, LLC, an affiliate of RealtyMogul, operates the RealtyMogul Platform. RM Technologies, LLC charges a fixed, non-percentage-based fee for real estate companies and their sponsors to use the RM Technologies, LLC’s proprietary Platform and receive Platform-related services. An estimate of this fee is included in the Closing Costs above and is intended to be capitalized into the transaction at the discretion of the Sponsor. The Platform fees received by RM Technologies, LLC are disclosed in the relevant operating agreement(s). RM Technologies LLC’s receipt of Platform fees creates a conflict of interest between RealtyMogul and its affiliates, and investors or prospective investors.
(3) RM Admin, an affiliate of RealtyMogul, charges an annual fixed administrative fee for providing certain ongoing administrative services to the Sponsor. RM Admin’s administrative services and fees are disclosed in the relevant operating agreement(s). RM Admin’s receipt of administrative fees creates a conflict of interest between RealtyMogul and its affiliates, and investors or prospective investors.
(4) Only applies to equity raised through the RealtyMogul Platform
RM Securities, LLC, its registered representatives, affiliates, associated persons, and personnel of its affiliates who may also be associated with it, including our associated persons and personnel of our affiliates who are also be associated with RM Securities, LLC (it (“RM Securities,” “we,” “our,” or “us”) will receive fees, expense reimbursements, and other compensation (“Fees”) from the issuer of this investment offering, its sponsor, or an affiliate thereof (“Sponsor”), or otherwise in connection with Sponsor’s offering. The Fees paid to us are in addition to other fees you will pay to Sponsor or in connection with Sponsor’s investment offering. You will pay Fees to Sponsor, either directly or indirectly as an investor in the Sponsor’s offering. Sponsor will use the Fees you pay, as well as funds you invest in the relevant offering, to compensate us. The Fees paid to us will directly or indirectly be borne by you as the investor (typically, but not always, in the form of an expense of the Sponsor’s offering in which you invest) because such Fees will reduce the proceeds available for distribution to you and reduce the amount you earn over time.
For more information on the Fees paid to us, or any other Fees you will pay in connection with Sponsor’s offering, please carefully review the Sponsor’s Investment Documents. Please also carefully review RM Securities’ Form CRS, Regulation Best Interest Disclosures, and Limited Brokerage Services Agreement.
No Approval, Opinion or Representation, or Warranty by RM Securities, LLCSponsor has provided, approved, and is solely responsible in all aspects for the information on this webpage (“Page”), including Sponsor’s offering documentation, which may include without limitation the Private Placement Memorandum, Operating or Limited Partnership Agreement, Subscription Agreement, the Project Summary and all exhibits and other documents attached thereto or referenced therein (collectively, the “Investment Documents”). The Investment Documents linked on this page have been prepared and posted by Sponsor, and not by RM Securities. We did not assist in preparing, do not adopt or endorse, and we are not otherwise responsible for, the Sponsor’s Investment Documents. We make no representations or warranties as to the accuracy of information on this Page or in the Sponsor’s Investment Documents and we accept no liability therefor. No part of the information on this Page or in the Sponsor’s Investment Documents is intended to be binding on us.
Sponsor’s Information Qualified by Investment DocumentsThe information on this Page is qualified in its entirety by reference to the more complete information about the offering contained in the Sponsor’s Investment Documents. The information on this Page is not complete and subject to change at the Sponsor’s discretion at any time up to the closing date. The Sponsor’s Investment Documents and supplements thereto contain important information about the Sponsor’s offering including relevant investment objectives, the business plan, risks, charges, expenses, and other information, which you should consider carefully before investing. The information on this Page should not be used as a basis for an investor’s decision to invest.
Risk of InvestmentThis investment is speculative, highly illiquid, and involves substantial risk. There can be no assurances that all or any of Sponsor’s assumptions, expectations, estimates, goals, hypothetical illustrations, or other aspects of Sponsor’s business plans (“Assumptions”) will be true or that actual performance will bear any relation to Sponsor’s Assumptions, and no guarantee or representation is made that Sponsor’s Assumptions will be achieved. If Sponsor does not achieve its Assumptions, your investment could be materially and adversely affected. A loss of part or all of the principal value of your investment may occur. You should not invest unless you can readily bear the consequences of such loss. Sponsor’s Assumptions should not be relied upon as the primary basis for your decision to invest.
No Reliance on Forward-Looking Statements; Sponsor AssumptionsSponsor is solely responsible for statements made concerning forward-looking statements and Assumptions, which apply only as of the date made, are preliminary and subject to change, and are expressly qualified in their entirety by the disclosures and cautionary statements included in Sponsor’s Investment Documents, which you should carefully review. Neither RM Securities nor Sponsor are obligated to update or revise such forward-looking statements or Assumptions to reflect events or circumstances that arise after the date made or to reflect the occurrence of unanticipated events. Sponsor’s forward-looking statements and Assumptions are hypothetical, not based on actual investment achievements or events, and are presented solely for purposes of providing insight into the Sponsor’s investment objectives, detailing Sponsor’s anticipated risk and reward characteristics, and establishing a benchmark for future evaluation of actual results; therefore, they are not a predictor, projection, or guarantee of future results. You should not rely on Sponsor’s forward-looking statements as a basis to invest.
Importantly, we do not adopt, endorse, or provide any assurance of returns or as to the accuracy or reasonableness of Sponsor’s Assumptions or forward-looking statements.
No Reliance on Past PerformanceAny description of past performance is not a reliable indicator of future performance and should not be relied upon as the primary basis to invest.
Sponsor’s Use of DebtA substantial portion of the total cost of the real estate asset acquired by the Sponsor with investor funds (“Property”) will be paid with borrowed funds, i.e., debt. Sponsor’s estimated rates and terms of the debt financing are subject to lender approval, and there is no assurance that the Sponsor will secure debt at the rates and terms presented on this Page or in the Sponsor’s Investment Documents, or at all. The use of borrowed money to acquire real estate is referred to as leveraging, which can amplify losses and could result in lender foreclosure. In addition, if the debt includes a variable (or “floating”) interest rate, the total amount of interest paid over the term of the debt will fluctuate and can increase. As a result, Sponsor’s use of debt can result in a loss of some or all of your investment.
Sponsor’s Offering is Not RegisteredSponsor’s securities offering will not be registered under the Securities Act of 1933, as amended (the “Securities Act”), in reliance upon the exemptions from registration pursuant to Rule 506(c) of Regulation D as promulgated under the Securities Act (“Private Placement”). In addition, the offering will not be registered under any state securities laws in reliance on exemptions from state registration. Such securities (your ownership interests) are subject to restrictions on transferability and resale and may not be transferred or resold except as permitted under applicable state and federal securities laws pursuant to registration or an available exemption. All Private Placements on the Platform are intended solely for “Accredited Investors,” as that term is defined in Rule 501(a) under the Securities Act.
No Investment AdviceNothing on this Page should be regarded as investment advice (either with respect to a particular security or regarding an overall investment strategy), a recommendation, an offer to sell, or a solicitation of or an offer to buy any security. Advice from a securities professional is strongly advised to understand and assess the risks associated with real estate or private placement investments. For additional information on RM Securities’ involvement in this offering, please carefully review the Sponsor’s Investment Documents, and RM Securities’ Form CRS, Regulation Best Interest Disclosures, and Limited Brokerage Services Agreement.
1031 Exchange RiskInternal Revenue Code Section 1031 (“Section 1031”) contains complex tax concepts and certain tax consequences may vary depending on the individual circumstances of each investor. RM Securities and its affiliates make no representation or warranty of any kind with respect to the tax consequences of your investment or that the IRS will not challenge any such treatment. You should consult with and rely on your own tax advisor about the tax aspects with respect to your particular circumstances.