We run extensive background checks, criminal checks, bad actor checks, and reference checks on sponsors. In addition to never allowing a sponsor with a criminal history / any securities related issue to use the platform, we may also turn down sponsors due to poor reference checks even if background and criminal checks come back clear.
We require unaffiliated sponsors to use an unaffiliated third-party escrow agent. When an investor makes an investment with unaffiliated 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 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.
Our controls include visiting every property (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.
We have robust quality controls with detailed checklists and a review of third-party reports.
Bentley Apartments, delivered in 2020 and stabilized within one year, is positioned to perform immediately as a new, cash-flowing asset with little capital expenditure needed. Equipped with premium finishes and high-quality construction, the Property competes well against the new comparable properties in the submarket.
The Property was developed within a Community Reinvestment Area and received a 15-year full tax abatement on the improved value of the Property starting in tax year 2021. Due to the tax abatement, the potential to push rents organically, and the favorable interest rate environment, the Property is positioned to have strong cash flow.
Bentley Apartments is in Grove City, OH a thriving suburb south of Downtown Columbus. Through a mix of public-private projects in the Grove City downtown, the area has transformed over the past five years and attracted an influx of young professionals. Additionally, Bentley is located near a plethora of retail, dining, and entertainment options.
RM Communities
RM Communities is an owner/operator of multifamily assets with a proprietary playbook to deliver strong risk-adjusted returns. RM Communities acquired its first investment in May of 2019 and has since grown to nearly 2,000 multifamily units and over $300 million in real estate with a fully dedicated team of acquisitions, underwriting and asset management professionals.
RM Communities is a sister-company to RealtyMogul, one of the leading real estate crowdfunding platforms. After working with third party operating partners for 10+ years at RealtyMogul, we observed how the best operators stood out – their processes, acquisition targets, execution models, reporting materials and communication styles that informed our strategic objectives for RM Communities. Today, we execute against that playbook as we seek to deliver strong risk-adjusted returns across a variety of multifamily opportunities.
RM Communities 2023 Outlook Webinar
Todd Hanson, Managing Director of RM Communities, discussed the RM Communities portfolio performance and also provided his 2023 strategic outlook. This discussion included his thoughts on multifamily risks and opportunities and how best to navigate the 2023 investment environment. Watch the Webinar
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Todd HansonManaging Director -
Derek JensenDirector of Acquisitions, West & Florida -
Daniel WeisbergerAssistant Vice President of Acquisitions
Todd Hanson is the Managing Director for RM Communities across the US and has responsibility for planning and execution of overall strategy and directing the investment and financing activities of the company. He is actively involved in maintaining existing client relationships and developing new capital and partnership opportunities for the company. Mr. Hanson was previously EVP and Head of Investments at The ConAm Group, a private equity multifamily investment firm.
Derek Jensen is a Director of Acquisitions for RM Communities, the direct acquisition arm of RealtyMogul, and has responsibility for overseeing direct acquisitions of multifamily opportunities in the western half of the United States. Mr. Jensen has over 20 years of real estate experience, concentrated in the acquisition, management and disposition of over 10,000 multifamily units including market rate, value-add, affordable housing and fractured condominiums. Mr. Jensen has held positions at several private and institutional firms including Pacifica Companies and GFI Partners.
Daniel Weisberger is an Assistant Vice President of Acquisitions for RM Communities, responsible for direct acquisitions of multifamily opportunities. Mr. Weisberger has experience in the real estate and financial services industries having transacted and advised on over $15 billion of real estate debt and equity investments. He was previously a Development Analyst at a national multifamily developer and a Senior Associate at PricewaterhouseCoopers in the Real Estate Valuation and Transaction Advisory group. Mr. Weisberger is a licensed Certified Public Accountant.
| Property Name | Location | Multifamily Class | No. of Units | Year Built | Purchase Price | CapEx Budget | Status |
| Terrace Hill | El Paso, TX | B | 310 | 1983 | $18,700,000 | $4,095,000 | Full Cycle. 22% deal-level IRR, 18% LP-level IRR* |
| La Privada | El Paso, TX | B | 240 | 1982 | $11,700,000 | $1,867,000 | Closed |
| The Hamptons | Virginia Beach, VA | B | 212 | 1973 | $19,051,000 | $3,792,000 | Closed |
| Pohlig Box Factory & Superior Warehouse | Richmond, VA | A- | 93 & 7,700 Retail SF | 2004 | $15,900,000 | $1,348,000 | Closed |
| Lubbock Medical Office Building | Lubbock, TX | B | 20,880 SF | 1966 | $8,350,000 | $0 | Closed |
| Turtle Creek | Fenton, MO | A- | 128 | 2018 | $24,875,000 | $596,000 | Closed |
| The Orion | Orion Township, MI | B+ | 200 | 1995 | $27,375,000 | $2,308,000 | Closed |
| Kings Landing | Creve Coeur, MO | A- | 152 & 9,229 Retail SF | 2005 | $40,100,000 | $3,885,850 | Closed |
| Minnehaha Meadows | Vancouver, WA | A | 49 | 2021 | $16,450,000 | $83,950 | Closed |
| Roosevelt Commons | Vancouver, WA | A | 36 | 2020 | $12,550,000 | $78,200 | Closed |
| Bentley Apartments | Grove City, OH | A- | 138 | 2020 | $30,200,000 | $650,000 | Closed |
| Sherwood Oaks | Riverview, FL | B | 199 | 1984 | $35,000,000 | $1,266,725 | Closed |
| Haverford Place | Georgetown, KY | A- | 160 | 2001 | $31,050,000 | $2,836,734 | Closed |
| Edison Apartments | Gresham, OR | A | 64 | 2020 | $19,500,000 | $203,390 | Closed |
| Ridgeline View Townhomes | Vancouver, WA | A | 50 | 2022 | $18,100,000 | $37,500 | Pending |
| Brookside Apartments | Raleigh, NC | B | 68 | 1986 | $9,400,000 | $1,402,680 | Pending |
| Total | 2,099 | $319,601,000 | $23,049,752 |
The acquisitions of the Terrace Hill Apartments, La Privada, The Hamptons, and Pohlig Box Factory & Superior Warehouse properties preceded the formation of the RM Communities, LLC. Consequently, these real estate assets are managed by an affiliate of RM Communities, LLC. They are included as part of the RM Communities, LLC portfolio because these real estate assets were acquired and are managed under the same executive leadership in Jilliene Helman and according to the same investment strategy employed by RM Communities, LLC.
Note: Totals include Terrace Hill (sold).
*Past performance is not indicative of future performance.
The Business Plan is to acquire Bentley Apartments using long-term fixed agency debt and take advantage of the tax abatement starting in 2021. Rent comps and strong demand in the submarket indicate there is an average mark-to-market opportunity of $124 per unit. Additionally, RM Communities has identified value-add opportunities that will further increase rent by $75 per unit. The plan is to replace carpet flooring in two thirds of the units (2nd and 3rd floor units) with vinyl flooring, add backsplashes, add cabinet pulls, upgrade lighting, and add ceiling fans. Total interior budget is $3,700 per unit. For exterior and common area upgrades, RM Communities plans to upgrade the dog park with equipment, upgrade the pool area with furniture and a storage shed, install outdoor games, and other miscellaneous upgrades. Total interior CapEx is $510,000 and exterior and common area CapEx is $190,000; total CapEx including construction management fee and contingency is approximately $806,000.
RM Communities plans to finance the Property with a 10-year, fixed-rate Freddie Mac loan with four years of interest only at 70% LTV and 3.50%. Additionally, RM Communities plans to add a supplemental loan at the beginning of year 4 after the property have been fully renovated to capture the value added and return capital to investors. The plan is to exit in 10 years at a 4.75% cap rate.
CapEx Breakdown
| Interior Upgrades | Cost of Upgrade | No. Units | Per Unit | Total |
| Backsplashes | $500 | 138 | $500 | $69,000 |
| Cabinet Pulls | $300 | 138 | $300 | $41,400 |
| Lighting | $300 | 138 | $300 | $41,400 |
| Ceiling Fans | $300 | 138 | $300 | $41,400 |
| Flooring | $2,700 | 92 | $1,800 | $248,400 |
| General Interior | $500 | 138 | $500 | $69,000 |
| Total | $4,600 | - | $3,700 | $510,600 |
| Exterior and Common Area Upgrades and Repairs | Per Unit | Total | ||
| Rip Rap Shoring Rocks | $217 | $30,000 | ||
| Landscaping & Drainage | $72 | $10,000 | ||
| Pool Furniture & Outdoor Games | $109 | $15,000 | ||
| Storage Shed | $72 | $10,000 | ||
| Dog Park | $181 | $25,000 | ||
| Future CapEx | $725 | $100,000 | ||
| Subtotal | $1,377 | $190,000 | ||
| Summary | Per Unit | Total | ||
| Interior Upgrades | $3,700 | $510,600 | ||
| Exterior & Common Area | $1,377 | $190,000 | ||
| Construction Mgmt. Fee (5%) | $254 | $35,030 | ||
| Contingency (10%) | $508 | $70,060 | ||
| Total | $5,838 | $805,690 |
Bentley Apartments is in Grove City, OH, a growing suburb of the Columbus, OH MSA. The submarket has experienced strong growth over the past decade driven by a diverse employment base and convenient location to Downtown Columbus.
The Property consists of 138 units with a mixture of one, two, and three bedrooms. Built in 2020, Bentley features thoughtfully designed contemporary units, with premium amenities such as a pool, dog park, gym, and clubhouse. Bentley Apartments was developed within a Community Reinvestment Area and received a 15-year full tax abatement, and as a result, the Property has strong cash flow out of the gate.
Unit Mix
| Units | Type | Unit SF | Total SF | In-Place Rent | Stabilized Rent | Rent / SF |
| 18 | 1/1 | 611 | 10,998 | $994 | $1,140 | $1.87 |
| 54 | 1/1 L | 722 | 38,988 | $1,057 | $1,200 | $1.66 |
| 54 | 2/2 | 1,053 | 56,862 | $1,318 | $1,575 | $1.50 |
| 12 | 3/2 | 1,298 | 15,576 | $1,560 | $1,825 | $1.41 |
| 138 | 887 | 122,424 | $1,195 | $1,393 | $1.57 |
Lease Comparables
| 1 Bed / 1 Bath | ||||
| Property | SF | Stabilized Rent | Per SF | YOC |
| Bentley Apartments | 611 | $1,140 | $1.87 | 2020 |
| Broadway Station | 714 | $1,064 | $1.49 | 2017 |
| Beulah Place | 660 | $1,078 | $1.63 | 2021 |
| The Village at Gantz Meadows | 708 | $1,300 | $1.84 | 2017 |
| Grove City Summit | 755 | $1,200 | $1.59 | 2015 |
| Comp Average | 709 | $1,161 | $1.64 | |
| 1 Bed /1 Bath Large | ||||
| Property | SF | Stabilized Rent | Per SF | YOC |
| Bentley Apartments | 722 | $1,200 | $1.66 | 2020 |
| Broadway Station | 745 | $1,099 | $1.48 | 2017 |
| Beulah Place | 743 | $1,219 | $1.64 | 2021 |
| The Village at Gantz Meadows | 708 | $1,300 | $1.84 | 2017 |
| The Crossing at Grove City | 863 | $1,161 | $1.35 | 2021 |
| Comp Average | 765 | $1,195 | $1.56 | |
| 2 Bed / 2 Bath | ||||
| Property | SF | Stabilized Rent | PER SF | YOC |
| Bentley Apartments | 1,053 | $1,575 | $1.50 | 2020 |
| Broadway Station | 1,040 | $1,449 | $1.39 | 2017 |
| Beulah Place | 1,128 | $1,653 | $1.47 | 2021 |
| The Village at Gantz Meadows | 1,120 | $1,700 | $1.52 | 2017 |
| Grove City Summit | 1,070 | $1,520 | $1.42 | 2015 |
| Comp Average | 1,090 | $1,581 | $1.45 | |
| 3 Bed / 2 Bath | ||||
| Property | SF | Stabilized Rent | PER SF | YOC |
| Bentley Apartments | 1,298 | $1,825 | $1.41 | 2020 |
| Beulah Place (3/2.5) | 1,628 | $2,720 | $1.67 | 2021 |
| The Crossing at Grove City | 1,186 | $1,762 | $1.49 | 2021 |
| Grove City Summit (3/2.5) | 1,585 | $2,220 | $1.40 | 2015 |
| Comp Average | 1,466 | $2,234 | $1.52 | |
Sales Comparables
| Property Name | Submarket | Property Address | City | Sale Date | Sale Price | Number of Units | Gross Building SF | Price Per Unit | Price per SF | Year Built | Building Class |
| Bentley Apartments | Grove City | 3986 Parkmead Dr | Grove City, OH | TBD | $30,200,000 | 138 | 120,000 | $218,841 | $252 | 2020 | A- |
| 600 Goodale | Arena District | 600 W Goodale St | Columbus, OH | 10/29/2019 | $39,700,000 | 174 | 229,876 | $228,161 | $173 | 2013 | A |
| Steel House | Tri-Village | 1211 Chambers Rd | Columbus, OH | 10/5/2018 | $25,350,000 | 113 | 96,000 | $224,336 | $264 | 2018 | A |
| Harrison Park Apartments | Flytown | 565 W 1st Ave | Columbus, OH | 11/3/2016 | $20,200,000 | 108 | 166,048 | $187,037 | $122 | 2013 | A |
| The Normandy | Discovery District | 315 E Long St | Columbus, OH | 6/27/2019 | $62,000,000 | 268 | 227,280 | $231,343 | $273 | 2014 | A |
| Tribeca | Tri-Village | 720 W 3rd St | Columbus, OH | 12/5/2018 | $35,489,051 | 175 | 294,664 | $202,795 | $120 | 2013 | A |
Market Overview: Columbus MSA
Columbus is one of the fastest-growing cities in the nation—more than 15,000 people moved to the Columbus area in the past year—and it is the 16th largest city in the United States. Known for its low cost of living, top-ranked infrastructure, and talented workforce, the region is one of the most dynamic and diverse in the country. With a vibrant blend of arts and culture, exciting collegiate and professional sports, an entrepreneurial spirit, a burgeoning downtown, and a diverse array of welcoming neighborhoods, Columbus is a great place to live, visit, work, raise a family, and do business.
The metro’s economy is sheltered from extreme swings by a heavy concentration of government employment and the several Fortune 500 companies based in the area. Job growth has consistently outpaced the national average; thus, people from across the country are moving here making population growth robust.
Columbus MSA: Employment
The Columbus region has proven to be a strong business environment with an economy driven by a diversified base of employers as well as low startup and operating costs, pro-business tax environment, high public bond ratings, and a strong real estate market. The metro is home to a diverse concentration of Fortune 500 companies and higher-education institutions in the state of Ohio. The Urban Land Institute’s Emerging Trends 2021 report lists Columbus as one of the top markets for “Eds and Meds”, underscoring the area’s stability and growth prospects driven by the highly-ranked health systems in place and the strong university educational infrastructure Columbus has.
The Columbus metro area boasts an unemployment rate of 4.7% as of December 2020, almost half of the State’s average of 8.8%. The unemployment rate is expected to decline further with the addition of new distribution centers, major commercial leases, and the continued construction and expansion of local universities and hospitals.
Submarket Overview: Grove City
Located 10 miles from Downtown Columbus, Grove City, OH is a growing and established suburban community. Grove City has experienced strong growth over the past five years from population, business, and cultural standpoints. Through private and public investment, the area has seen an increase in younger residents looking for a high quality of life.
In 2019 Mount Carmel Health System, Columbus Metro’s 9th largest employer, opened a $361 million state of the art full-service hospital with 250 beds employing over 2,000 staff. A new 30-acre $63.5 development is working through an approval process that will provide over 390,000 SF of medical office space, and 5,000 SF of retail space. This is also accompanied by a 151,000 SF lease agreement by a major Fortune 500 company, only 1.4 miles from the property.
Grove City offers residents activities from hiking at metro parks, attending live performances, enjoying the Plum Run Winery, sipping a craft beer from a local brewery, or enjoying a good book at the new library as part of the multi million-dollar development of the downtown area. Adjacent to the property, a retail center with anchors such as Aldi and Planet Fitness is expected to deliver later in 2021.
Total Capitalization
| Sources | Amount | $/Unit | % |
| Senior Loan | $21,140,000 | $153,188 | 65.1% |
| LP Investor Equity | $11,323,472 | $82,054 | 34.9% |
| Total | $32,463,472 | $235,243 | 100.0% |
| Uses | Amount | $/Unit | % |
| Purchase Price | $30,200,000 | $218,841 | 93.0% |
| Loan Fee | $158,550 | $1,149 | 0.5% |
| Closings, Legal Fees | $340,000 | $2,464 | 1.0% |
| CapEx Budget | $805,690 | $5,838 | 2.5% |
| Acquisition Fee | $604,000 | $4,377 | 1.9% |
| Taxes and Insurance | $91,915 | $666 | 0.3% |
| Working Capital | $140,000 | $1,014 | 0.4% |
| Interest Reserve | $123,317 | $894 | 0.4% |
| Total | $32,463,472 | $235,243 | 100.0% |
The expected terms of the debt financing are as follows:
- Loan Type: Agency
- Total Loan Amount: $21,140,000
- Loan Term: 10 Years
- Lender: Freddie Mac
- Amortization: 30 Years
- Interest Rate: 3.50%*
- Interest-Only: 4 Years
- Initial Loan-to-Value: 70.0%
- Loan-to-Cost: 68.2%**
- Extension Options: None
* Fixed Rate
** LTC is based on Purchase Price and CapEx budget
NOTE: The Sponsor is expecting to add a supplemental loan at the beginning of year 4.
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.
RM Communities intends to make distributions from Bentley Investors LLC as follows:
Operating Cash Flow
- 8% Preferred Return
- 70%/30% (70% to Members/30% to RM Communities) to a 14% IRR
- 50%/50% (50% to Members/50% to RM Communities) thereafter
Capital Event
- 8% Preferred Return
- Return of Capital
- 70%/30% (70% to Members/30% to RM Communities) to a 14% IRR
- 50%/50% (50% to Members/50% to RM Communities) thereafter
RM Communities 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 April 2022 and are projected to continue on a quarterly basis thereafter. Distributions are at the discretion of RM Communities, who may decide to delay distributions for any reason, including maintenance or capital reserves.
Cash Flow Summary
| Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | |
| Effective Gross Income (EGI) | $2,156,841 | $2,362,837 | $2,490,693 | $2,604,053 | $2,699,078 |
| Expenses | $638,231 | $653,848 | $674,747 | $695,715 | $716,650 |
| Net Operating Income (NOI) | $1,518,610 | $1,708,988 | $1,815,946 | $1,908,339 | $1,982,428 |
| Total Property Cash Flow | $746,357 | $933,646 | $1,038,686 | $6,459,808* | $463,394 |
Projected Investor Cash Flows
| Year 0 | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 | |
| Net Earnings to Investor -Hypothetical $50,000 Investment(1) | ($50,000) | $3,276 | $4,103 | $4,461 | $28,142* | $1,971 | $2,187 | $2,404 | $2,621 | $2,841 | $66,977 |
* Proceeds include supplemental loan beginning of Year 4.
(1) Returns are net of all fees.
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 RM Communities' materials for details. The following fees and compensation will be paid(1):
| One-Time Fees: | |||||
| Type of Fee | Amount of Fee | Received By | Paid From | ||
| Acquisition Fee | 2.0% of Purchase Price | RM Communities | Capitalized Equity Contribution | ||
| Construction Management Fee | 5.0% of Capital Improvement Budget | Village Green, Third Party Property Manager | Capitalized Equity Contribution | ||
| Recurring Fees: | |||||
| Type of Fee | Amount of Fee | Received By | Paid From | ||
| Asset Management Fee | 1.5% of Effective Gross Income | RM Communities | Distributable Cash | ||
| Property Management Fee | 3.0% of Effective Gross Income & Incentive Fee if NOI Exceeds Budget | Village Green, Third Party Property Manager | Distributable Cash | ||
(1) Fees may be deferred to reduce impact to investor distributions.
The content on this Page 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. No part of the content and information on this Page is intended to be binding on RM Technologies, LLC or its affiliates, or to supersede any of the Sponsor’s offering materials. None of the opinions expressed on this Page are the opinions of, nor are they endorsed by, RM Technologies, LLC or its affiliates.
The content on this Page, including of the principal terms of the Sponsor’s offering, is qualified in its entirety by reference to the more complete information about the offering contained in the Sponsor’s offering documents, including, without limitation, the Private Placement Memorandum, Operating Agreement, Subscription Agreement and all exhibits and other documents attached thereto or referenced therein (collectively, the "Investment Documents"). The content on this Page is not complete, and each prospective investor should carefully read all of the Investment Documents and any supplements thereto, copies of which are available by clicking the links above or upon request, before deciding whether to make an investment. The content on this page should not be used as a primary basis for an investor’s decision to invest. In the event of an inconsistency between the content on this Page and the Investment Documents, investors should rely on the information contained in the Investment Documents. The content on this Page and the information in the Investment Documents are subject to last minute changes up to the closing date at the discretion of the Sponsor.
Assumptions and projections included in the content on this Page are not reflective of the position of RM Technologies, LLC or its affiliates, or any other person or entity other than the Sponsor or its affiliates. There can be no assurance that the Sponsor’s methodology used for calculating any projections, including Target IRR, Target Annualized Cash-on-Cash Return, and Target Equity Multiple (“Targets”), are appropriate or adequate. The Sponsor’s Targets are hypothetical, are not based on actual investment results, and are presented solely for the purpose of providing insight into the Sponsor’s investment objectives, detailing its anticipated risk and reward characteristics and for establishing a benchmark for future evaluation of the Sponsor’s performance. The Sponsor’s Targets are not a predictor, projection or guarantee of future performance. There can be no assurance that the Sponsor’s Targets will be met or that the Sponsor will be successful in meeting these Targets. Target returns should not be used as a primary basis for an investor’s decision to invest.
This real estate investment is speculative and involves substantial risk. There can be no assurances that all or any of the assumptions will be true or that actual performance will bear any relation to the hypothetical illustrations herein, and no guarantee or representation is made that investment objectives of the Sponsor will be achieved. In the event that actual performance is below the Sponsor’s Targets, your investment could be materially and adversely affected, and there can be no assurance that investors will not suffer significant losses. 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. Please see the Sponsor’s Investment Documents for additional information, including the Sponsor’s discussion concerning risk factors.
Please see the applicable Investment Documents for disclosure relating to forward-looking statements. All forward–looking statements attributable to the Sponsor or its affiliates apply only as of the date of the offering and are expressly qualified in their entirety by the cautionary statements included elsewhere in the Investment Documents. Any financial projections are preliminary and subject to change; the Sponsor undertakes no obligation to update or revise these forward–looking statements to reflect events or circumstances that arise after the date made or to reflect the occurrence of unanticipated events. Inevitably, some assumptions will not materialize, and unanticipated events and circumstances may affect the ultimate financial results. Projections are inherently subject to substantial and numerous uncertainties and to a wide variety of significant business, economic and competitive risks, and the assumptions underlying the projections may be inaccurate in any material respect. Therefore, the actual results achieved may vary significantly from the forecasts, and the variations may be material.
The interests offered by the Sponsor 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 interests will not be registered under any state securities laws in reliance on exemptions from registration. Such 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 RealtyMogul Platform are intended solely for “Accredited Investors,” as that term is defined Rule 501(a) of the Securities Act. Prospective investors must certify that they are Accredited Investors and provide either certain supporting documents or third party verification, and must acknowledge that they have received and read all investment materials.
RealtyMogul is not a registered broker-dealer, investment adviser or crowdfunding portal. Nothing on this Page should not be regarded as investment advice, either on behalf of 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, and we recommend that you consult with a financial advisor, attorney, accountant, and any other professional that can help you to understand and assess the risks associated with any real estate investment.
For additional information on risks and disclosures visit https://www.realtymogul.com/investment-disclosure.