FORMALIZED DUE DILIGENCE PROCESS 
Sponsors

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.

Escrow accounts

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.

Boots on the ground

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.

Detailed Checklists

We have formalized processes and checklists for every private placement deal listed on the platform.

Confidentiality Agreement
To access the Sponsor’s private offering documents for this investment, you must first acknowledge and agree to the below.
By clicking the ‘I Agree’ button below:
Funded
Estimated Hold Period 3 Years
Estimated First Distribution 11/2022
FUNDED 100%
...
View Our Due Diligence Process
Offered By
LXMI Capital
Investment Strategy Value-Add
Investment Type Equity
Minimum Investment 35000
Overview
LXMI Copper Cove (the "Property") is a 270-unit multifamily property located in Houston, TX with value-add potential and high occupancy.
Basis

The purchase price is well below replacement cost and the market is experiencing rental growth. The purchase price of $79.8K/unit is below all but one of the sales in the Westchase submarket since January 2020. Most transactions over the past 2-years are still over $100K/unit, with newer products exceeding $175K/unit.

Value-Add

There is an opportunity for rental growth with a renovation program of $11,149/unit. Rental increases for the Property are projected at 21%.

Location

The Property is located in West Houston's Westchase submarket with convenient access to major employment centers such as the Energy Corridor (94,000 employees), Memorial District (47,600 employees), and West Chase Business District (93,000 employees). Major employers include Texas Medical Center - West Campus, BP, Shell, ExxonMobil, and Chevron. 

Property at a glance
# of Units 270
# of Buildings 8
Year Built 1983
Parking Ratio 1.48 per unit
Exit Cap Rate 5.00%
Acquisition Price $21,538,000
Investment Highlights
Purchase price, including prepay, of $79.8K/unit results in a going-in cap rate of 4.91%.
Stabilized ROC of 6.09%.
Common Equity IRR of 20.7%, EM 1.73x, and COC of 3.8%.
Exit value of $124K/unit well supported by submarket sales.
CoStar indicated that effective rents in the submarket have grown 8.8% YOY.
Submarket vacancy rate of 6.5% (Q2-21) is below the Houston submarket rate of 8.0%.
Management
Cumulative Distributions

LXMI Capital

LXMI Capital is a Texas-based developer, owner, and operator of real estate in the major markets of Texas as well as select metros in the Southwest, Southeast, and Mountain West. LXMI is focused on acquiring under-performing multifamily real estate, typically undertaking a significant makeover of these properties in order to reposition them as leaders amongst their competitive set. In Texas, LXMI serves as construction managers on all their local assets and contracts with best-in-class 3rd party property managers and designers.

LXMI Capital was founded by Tony Gupta in 2019 and has acquired 11 properties with an aggregate value of over $341M since its inception. Total commercial real estate acquired $834M.

https://www.lxmicapital.com/
  • Anthony Gupta
    Managing Director
  • Darren Gordichuk
    VP Acquisitions
  • Greg Simon
    General Partner
Anthony Gupta
Managing Director

Prior to founding LXMI Capital, Tony served as a General Partner at Nimes Capital to build their buy-side private equity firm focused on opportunistic / value-add multifamily, hospitality, and student housing. While at Nimes Capital, Mr. Gupta built a portfolio of $600MM+ in AUM across the Southern USA and consistently generated above-market returns. Tony previously oversaw the real estate and operations for Counsyl, a biotechnology company, a start-up sold in 2018 to a publicly-traded company (NASDAQ: MYGN). As Managing Director, Tony was directly responsible for the development of high throughput automated genetic sequencing labs in addition to corporate operations. Tony began his career at a family office in San Francisco, where he transitioned into the COO of a portfolio company, focused on strategic investments in commercial real estate. Tony also supported the execution of complex infrastructure developments in excess of $2.5B with Clark Construction & Swinerton Management & Consulting. 

Tony holds an MS in Civil & Environmental Engineering from Stanford University and a BA in Economics from Stanford University.

Darren Gordichuk
VP Acquisitions

Darren Gordichuk is a senior underwriter at LXMI Capital and has over 15 years of experience in the commercial real estate industry. Prior to joining LXMI Capital, Darren was as senior underwriter for commercial and multifamily lending at Sabal Financial and PennyMac, and he has also performed risk review services for Industrial Alliance Financial Group, Standard Life and Bridge Debt Strategies. Darren has also worked as a VP of production support at JLL’s Capital Markets group where he assisted in the marketing of debt and equity transactions for office, multifamily and industrial properties, and as a mortgage officer at Trez Capital where he underwrote bridge and construction loans in western Canada and Texas.  Darren began his career as a commercial appraiser with The Altus Group and he spent 3-years with Morgan Stanley’s CMBS lending group in Los Angeles. He received a Bachelor of Commerce in Urban Land Economics from the University of British Columbia. 

Greg Simon
General Partner

Greg is a California native who relocated to Texas with his family in 2017. Prior to joining  LXMI Capital in 2020, Greg served as Senior Vice President of Investment & Acquisitions for the Presidium Group – one of the most active owners and developers of multifamily properties in the state of Texas where Greg helped build a multifamily development pipeline of $1.3B.  

From 2013—2017 Greg led transactions and capital investments as Managing Director for Flywheel Capital – a real estate private equity group based in Dallas, Texas.  This followed his five-year stint in Latin America as Managing Director for the California-based family office, Cloud Break Advisors, where he helped direct the investment of more than $200M of pension fund and private capital into Latin America real estate, forestry, and agriculture assets.  From 2003—2008 Greg built the fundamentals of his real estate career as an Investment Associate with Orange County-based Shea Properties, which to this day is one of the largest privately-held commercial development companies in Southern California, and as Assistant Vice President for Buchanan Street Partners in the firm’s institutional Joint-Venture equity and pension fund advisory business in San Francisco.

Greg holds a BA from the University of California at Berkeley (Cal) and a Master of Real Estate Development from the University of Southern California (USC).

Track Record

LXMI
Property City, State Asset Type Acq Date Units or SF Purchase Price Sale Price
Berkley Austin, TX Multi 2021 72 $7,560,000 N/A
Treepoint Meadows Amarillo, TX Multi 2021 432 30,000,000 N/A
Mirador Fort Worth, TX Multi 2021 350 72,000,000 N/A
Reserve at City Place Houston, TX Multi 2021 264 51,480,000 N/A
Green Springs San Marcos, TX Multi 2021 196 (beds) 15,800,000 N/A
Ravella at Sienna Houston, TX Multi 2021 292 53,400,000 N/A
Laurelwoode Houston, TX Multi 2021 324 48,000,000 N/A
East Austin 3 Austin, TX Multi 2020 127 12,500,000 N/A
Verdian Place Dallas, TX Multi 2020 228 31,300,000 Under Contract
Villas Del Sol Fort Worth, TX Multi 2019 104 8,320,000 Under Contract
Wedgewood Fort Worth, TX Multi 2019 118 10,930,000 Under Contract
             
Nimes            
Property City, State Asset Type Acq Date Units or SF Purchase Price Sale Price
Westchase Forest Houston, TX Multi 2018 400 45,000,000 Under Contract
District at Greenville Dallas, TX Multi 2018 350 51,800,000 N/A
Parc at South Green Houston, TX Multi 2017 428 $32,200,000 N/A
Avalon Place San Antonio, TX Multi 2017 440 (beds) $30,000,000 N/A
Hotel Indigo Austin, TX Multi 2017 305 (keys) $62,100,000 N/A
Town Lake Austin, TX Multi 2016 648 (beds) $25,600,000 $63,300,000
Urban Palms Houston, TX Multi 2016 659 $35,000,000 $51,000,000
Three Corners Houston, TX Multi 2015 1,103 $72,500,000 $96,800,000
Austin East End Austin, TX Multi 2015 2,284 (beds) $59,900,000 $124,000,000
Captiva Club Tampa, FL Multi 2014 357 $24,800,000 $32,800,000
Ballpark North Austin, TX Multi 2014 768 (beds) $29,100,000 $67,600,000
Ansley Place Atlanta, GA Multi 2014 219 $23,300,000 $28,900,000

The above bios and track record were provided by LXMI Capital and have not been independently verified by RealtyMogul.

The Real Estate Company is acquiring a Class B asset in the West Houston market that is above market occupancy and can achieve rental increases with a renovation program and improved project amenities.  

The proposed value-add program consists of unit renovations, exterior improvements, and amenity upgrades. The Real Estate Company will invest over $3.0 million in capital improvements. The interior renovations consist of upgrading floors, installing quartz countertops, modern fixtures, kitchen backsplashes, new cabinet faces, stainless steel appliances, washer/dryer units, and new paint. Exterior improvements will include new paint, improved signage, a clubhouse renovation, and pool work. These improvements should reposition the Properties to compete with newer vintage assets.  

There is a significant gap in rental rates between newer vintage assets and Class B assets that are still in “Classic” condition. The proposed renovations will allow for rental increases, however, the rental rates will be at a discount of approximately $100 - $200 less than Class A assets. Upon stabilization, the Real Estate Company plans to sell the Properties at a projected cap rate of 5.0%. 

INTERIOR Total  Per Unit
Upgrade Kit $163,607 $606
Flooring $193,222 $716
Labor  $140,260 $519
Cabinet reface $348,250 $1,290
New tile surround at tubs $246,750 $914
Countertops $45,850 $170
Paint $158,853 $588
Backsplash $121,265 $449
W/D Package $175,000 $648
Subtotal Interior $1,593,057 $5,900
     
EXTERIOR REPAIRS    
Pool (FF&E, recoat deck, outdoor kitchen) $150,000 $556
Structural/Metal/Wood Repairs $45,000 $167
Leasing Office Refresh $125,000 $463
Rebrand / Signage $125,000 $463
Exterior Paint $210,000 $778
Architecture / Design $35,000 $130
Landscaping $85,000 $315
Exterior Enhancements $90,000 $333
Subtotal Exterior $865,000 $3,204
     
Contingency $355,209 $1,316
General Conditions $196,929 $729
     
Grand Total $3,010,194 $11,149
Property Information

The Property is a Class B asset located in the West Houston market that is above market occupancy and can achieve rental increases with an interior renovation program and improved project amenities. The purchase price is below replacement cost and the market is experiencing rental growth. 

Unit Mix

Unit Type # of Units Avg SF/Unit Current Rent Rent per SF Post-Reno Rent Rent per SF
0/1 12 629 $750 $1.19 $875 $1.39
1/1 198 694 $777 $1.12 $943 $1.36
2/2 60 990 $1,015 $1.03 $1,220 $1.23
Total/Averages 270 757 $829 $1.09 $1,002 $1.32
Comparables

Lease Comparables

  Apex at Royal Oaks Artesian on Westheimer Ashford Court Knox at Westchase The Ranch at Shadow Lake Averages Subject
Year Built 2003 2009 1983 1999 1999 1999 1983
# of Units 282 660 442 518 624 505 270
Distance from Subject 3.4 mi 2.3 mi 0.6 mi 1.9 mi 2.0 mi 2.1 mi  
               
$/Unit (1x1) $1,251 $998 $724 $1,104 $1,023 $1,020 $943
SF (1x1) 707 812 548 711 650 686 741
$/SF (1x1) $1.77 $1.23 $1.32 $1.55 $1.57 $1.49 $1.27
               
$/Unit (2x2) $1,636 $1,457 $1,001 $1,474 $1,386 $1,391 $1,220
SF (2x2) 1,132 1,142 957 1,153 1,175 1,112 995
$/SF (2x2) $1.45 $1.28 $1.05 $1.28 $1.18 $1.25 $1.23

Sales Comparables

  Westchase Forest Legacy at Westchase Village at Westchase Cambridge Place Crosby at Westchase Hudson at Westchase Camden Oak Crest Averages Subject
Date Sold Under Contract Under Contract Under Contract Dec-21 Nov-21 Nov-21 Oct-21   Apr-25
Year Built 1999 1977 1980 1980 1981 1981 2003 1986 1983
# of Units 400 324 462 336 257 312 364 351 270
Average Unit Size 841 SF 751 SF 794 SF 771 SF 833 SF 803 SF 870 SF 809 SF 757 SF
Sale Price $67,200,000 $33,372,000 $48,500,000 $32,525,000 $22,583,480 $27,416,520 $65,250,000 $42,406,714 $33,612,723
$/Unit $168,000 $103,000 $104,978 $96,801 $87,873 $87,873 $179,258 $118,255 $124,492
$/SF $200 $137 $132 $126 $106 $109 $206 $145 $165
Building Size 336,300 SF 243,170 SF 366,828 SF 259,032 SF 214,055 SF 250,564 SF 316,680 SF 283,804 SF 204,264 SF
Distance from Subject 3.0 mi 4.9 mi 4.3 mi 3.9 mi 3.5 mi 3.5 mi 2.3 mi 3.6 mi  
Location Information

Market Overview

Demand for multifamily housing continued in Q4 2020, absorbing 3,548 units, pushing the year-end 2021 total absorption to 37,308 units. The average monthly rent for multifamily units increased from $1,165 per month in Q3 2021 to $1,184 per month in Q4 2021 and from $1,043 per month in Q4 2020. There are over 15,000 units under construction and another 31,260 units are proposed. Occupancy increased over the quarter by 20 basis points and over the year by 340 basis points, from 88.4% in Q4 2020 to 91.8% in Q4 2021. Houston's average cap rate dropped from 5.1% to 5.0% in Q4 2020.

Submarket Overview

The Briar Forest/West Memorial Submarket includes Houston's Energy Corridor and is nestled between Westpark Tollway and Interstate 10, two of Houston's major arteries. CoStar indicated that effective rents in the submarket have grown by 8.8% (YOY), and average Class B effective rents in the submarket are over 20% higher than in-place rates at Ashford Pointe and Copper Cove. Submarket vacancy rate of 6.5% in Q2-21 is below the Houston market rate of 8.0%.

Cap Stack
Sources & Uses

Total Capitalization

Sources of Funds $ Amount $/Unit
Debt $19,350,000 $71,667
GP Investor Equity $670,383 $2,483
LP Investor Equity $6,670,000 $24,704
Total Sources of Funds $26,690,383 $98,853
     
Uses of Funds $ Amount $/Unit
Purchase Price Including Prepay estimate $21,538,000 $79,770
Closing Costs(1) $903,290 $3,346
CapEx Budget $3,010,194 $11,149
Acquisition Fee $366,146 $1,356
Reserves & Escrows $258,278 $957
Loan Fee $164,475 $609
Working Capital $450,000 $1,667
Total Uses of Funds $26,690,383 $98,853

(1) 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 Sponsor’s equity contribution may consist of friends and family equity and equity from funds controlled by the Sponsor.

Debt Assumptions

The expected terms of the debt financing are as follows:

  • Lender: TBD
  • Term: 2+1+1+1
  • LTV / LTC: 58% / 73%
  • Estimated Proceeds: $19,350,000
  • Interest Type: Floating
  • SOFR Rate Cap: 2.25%
  • Interest-Only Period: Full-Term
  • Prepayment Terms: 18 months minimum interest
  • Extension Requirements: 
    • 1st: No Test
    • 2nd: 7.25% (Debt Yield)
    • 3rd: 7.40% (Debt Yield)

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.

Distributions

LXMI Capital intends to make distributions as follows:

  1. To the Investors, pari passu, all operating cash flows to an 8.0% IRR;
  2. 70% / 30% (70% to Investors / 30% to Promoted/Carried Interest) of excess cash flow to a 16.0% IRR;
  3. 50% / 50% (50% to Investors / 50% to Promoted/Carried Interest) of excess cash flow thereafter.

LXMI Capital intends to make distributions to investors after the payment of the 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 2022 and are projected to continue on a quarterly basis thereafter. Distributions are at the discretion of LXMI Capital, who may decide to delay distributions for any reason, including maintenance or capital reserves.

LXMI Capital will receive a promoted/carried interest as indicated above, and a portion of this promoted/carried interest may be received by RM Admin, LLC.

Cash Flow Summary
    Year 1 Year 2 Year 3
Effective Gross Revenue   $2,965,230 $3,283,675 $3,446,958
Total Operating Expenses   $1,673,349 $1,747,369 $1,820,391
Net Operating Income   $1,291,881 $1,536,306 $1,626,567
         
Project-Level Cash Flows
  Year 0 Year 1 Year 2 Year 3
Net Cash Flow ($7,340,383) $215,894 $384,101 $14,686,628
         
Investor-Level Cash Flows(1)
  Year 0 Year 1 Year 2 Year 3
Net Cash Flow ($6,670,000) $129,476 $282,322 $11,134,080
         
Investor-Level Cash Flows - Hypothetical $50,000 Investment(1)
  Year 0 Year 1 Year 2 Year 3
Net Cash Flow ($50,000) $971 $2,116 $83,464

(1) 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. 

Fees

Certain fees and compensation will be paid over the life of the transaction; please refer to LXMI Capital's materials for details. The following fees and compensation will be paid(1)(2)(3)(4):

Real Estate Company Fees:
Type of Fee Amount of Fee Received By Paid From
Acquisition Fee 1.7% of Purchase Price Real Estate Company Capitalized Cost
Construction Management Fee 7.0% of Development/Construction Costs Real Estate Company Capitalized Cost
         
Recurring Fees:
Type of Fee Amount of Fee Received By Paid From
Administrative Services Fee 1.0% of Equity Invested(1) RM Admin, LLC(4) Cash Flow
Asset Management Fee 1.5% of Effective Gross Income Real Estate Company Cash Flow

(1) Only applies to equity raised through the RealtyMogul Platform

(2) Fees may be deferred to reduce impact to investor distributions.

(3) 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.

(4) 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.

The following offering documents have been prepared and are being delivered by the Sponsor of this investment opportunity, and not by RM Securities, LLC. RM Securities, LLC and its associated persons did not assist in preparing, do not explicitly or implicitly adopt or endorse, and are not otherwise responsible for, the Sponsors offering documents posted below or any content therein.
RM Securities, LLC and its Affiliates Compensation

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, LLC

Sponsor 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 Documents

The 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 Investment

This 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 Assumptions

Sponsor 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 Performance

Any 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 Debt

A 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 Registered

Sponsor’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 Advice

Nothing 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 Risk

Internal 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.

INVEST TODAY

...

Questions?

(877) 781-7062

Contact Investor Relations
Staff Menu (IO ID#: 1926714):
EDIT IO DOCUMENTS
Staff Menu (IO ID#: 1926714):
EDIT IO DOCUMENTS
JOIN REALTYMOGUL
Create an account or sign in.
Are you an Accredited Investor?
Must be 8 characters or more with an uppercase and lowercase character, a number, and a symbol.
By clicking "JOIN REALTYMOGUL" you are agreeing to our Terms of Service and Privacy Policy, and that you've had an opportunity to review RM Securities, LLC's Form Customer Relationship Summary.
SIGN IN
Don’t have an account yet? Join RealtyMogul.
Forgot Password?
Questions? Our Investor Relations team is available to help 8 AM - 6 PM PST Monday to Friday. Contact us at (877) 977-2776.
Forgot Password
Enter your email address to receive a code to reset your password.
Enter the code sent to your email address below and your new password.

Resend Code

WELCOME
Welcome,

Welcome to RealtyMogul! We need to ask a few additional questions to get to know you.

Your Net Worth
Are you interested in 1031 exchanges?
Thank you!

We’ve received your information and updated your Investor Profile.

Welcome to RealtyMogul

As part of RealtyMogul's commitment to transparency, we want to inform you that you have been directed to our website from an unaffiliated third-party marketing company who is compensated up to $250 for each investor who registers on our site. RealtyMogul and its affiliates have no relationship with the marketing company other than this compensation arrangement. RealtyMogul and its affiliates are not responsible for the preparation or accuracy of, and do not explicitly or implicitly adopt or endorse, any content provided by the unaffiliated marketing company.