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.
Mohawk at Wynwood will be a first-class, Class A building that offers residents a mix of amenities in combination with a growing and desirable location. Additionally, with just 259 units, the building will be smaller than many others in its competitive set, allowing for less density and high-end finishes.
The Wynwood submarket offers the appeal of being well-located near Midtown Miami and the Design District and has become attractive for corporations as well as individuals alike. Surrounding the property is a vibrant, walkable community that boasts over 70 art galleries, luxury boutiques, seven Michelin-star and many five-star restaurants, and the world-famous Wynwood Walls.
Rilea Group is a South Florida developer with deep roots and experience within the Miami market. Since 1981, the Rilea Group has transformed or is transforming over $2 billion and 10,000,000 square feet of South Florida real estate into some of the most recognizable and award-winning properties.
The Rilea Group
Since 1981, the Rilea Group has transformed or is transforming over $2 billion and 10,000,000 square feet of South Florida real estate into some of the most recognizable and award-winning properties. The Rilea Group partners with investors and landowners interested in creating financially successful and sustainable structures. Their ethos is driven by their values and yearning to define transformational lifestyle experiences, long-term partner satisfaction, and financial return.
https://www.rileagroup.comProperty | City, State | Asset Type | Acq Date | Units or SF | Status |
1450 Brickell (JP Morgan Tower) | Miami, FL | Office | 2007 | 588,000 | SOLD |
Sabadell Financial Center | Miami, FL | Office | 1996 | 420,000 | SOLD |
International Finance Bank Headquarters | Miami, FL | Office | 2010 | 525,000 | SOLD |
The Bond | Miami, FL | Residential | 2010 | 328 | SOLD |
One Broadway at Brickell | Miami, FL | Residential | 2003 | 371 | SOLD |
Monte Carlo | Miami Beach, FL | Residential | 2011 | 136 | SOLD |
Vista Verde at Westchester | Miami, FL | Residential | 1988 | 306 | SOLD |
Vista Verde at Deerwood | Miami, FL | Residential | 1997 | 206 | OWNED |
Green Key | Pembroke Pines, FL | Residential | 2001 | 250 | SOLD |
Vista Verde at Coconut Creek | Coconut Creek, FL | Residential | 2001 | 288 | OWNED |
Vista Verde at Sunrise | Sunrise, FL | Residential (Under Construction) | 2017 | 288 | OWNED |
Parco Mare | Dania Beach, FL | Residential (Upcoming) | 2009 | 237 | OWNED |
The Line - Phase 1 | Miami, FL | Residential (Upcoming) | 2014 | 449 | SOLD |
Latin American Plaza | Miami, FL | Retail | 1984 | 33,000 | OWNED |
The above bios and track record were provided by The Rilea Group and have not been independently verified by RealtyMogul.
The Rilea Group (the “Sponsor”) is pleased to present an opportunity to provide equity for the development of a mixed-use development to be called “Mohawk at Wynwood”. The Project will consist of a 259-unit, 12-story luxury multi-family building containing 29,535 SF of prime ground-floor retail. The site size is 1.79 acres (77,950 SF).
Located at 56 NE 29th Street, Miami, FL, Mohawk will find itself at the crossroads of Miami’s trendy and bourgeoning Wynwood and Midtown neighborhoods. Residents will be able to walk and scooter to their favorite destinations such as the Wynwood Walls, hip stores and restaurants with various flavors, and the shops at Midtown Mall. Located at just a short 5-minute drive to world-class shopping at the Miami Design District as well as to highway I-195, Mohawk will have access to a wide variety of amenities.
The Project will boast attractive amenities such as a rooftop pool deck with bar and grilling area, pickleball court, private lounge hangout, library lounge, movie theater, indoor and outdoor kid's area, large outdoor park, outdoor trellised tables area, and dog park as well as a two-level resident's lounge and an indoor and outdoor gym, and amenity private offices for an easy get-away to take care of work & zoom calls.
The Sponsor recently acquired an additional parcel of land that will allow for more density, bringing the total unit count up to 259 from 225. The total project cost is estimated to be approximately $180.5 million. Construction will commence in 2023 and the Project is expected to be sold in 2026.
This offering represents an opportunity to invest in the second phase of the development with excellent Sponsorship with a 42-year track record developing some of Miami’s most iconic projects. In Phase 1, approximately $36M in equity was contributed, much of which went towards acquiring the land and predevelopment costs. Phase 2 allows investors the opportunity to invest in this offering at a date closer to groundbreaking. Groundbreaking is anticipated to be in Q3 2023.
The land is being contributed to Phase II at $41,000,000. Construction is estimated to last 24 months and the lease-up to stabilization an additional 12 months.
Development Costs
Hard Costs | Total Amount | Per Unit |
Construction | $97,934,622 | $378,126 |
Construction Contingency | $9,793,462 | $37,813 |
Builder's risk (based on Hard Cost) | $1,077,281 | $4,159 |
Payment & Performance Bond | $1,077,281 | $4,159 |
Retail / Office Tenant Improvements | $2,489,520 | $9,612 |
Cameras & Security System | $350,000 | $1,351 |
Gym Equipment | $125,000 | $483 |
Decoration | $800,000 | $3,089 |
Murals | $500,000 | $1,931 |
Signage | $200,000 | $772 |
Asst. Project Managers | $1,077,281 | $4,159 |
Total Hard Costs | $115,424,447 | $445,654 |
Soft Costs | Total Amount | Per Unit |
Surveys | $35,000 | $135 |
Permit Fees | $3,573,290 | $13,796 |
Real Estate Taxes | $1,767,920 | $6,826 |
Appraisals | $37,500 | $145 |
Legal Costs | $550,000 | $2,124 |
Miscellaneous Soft Costs | $432,600 | $1,670 |
Project/Owner General Liability | $35,000 | $135 |
Const Bond & Warranty | $20,000 | $77 |
Consultants | $3,141,750 | $12,130 |
Marketing | $300,000 | $1,158 |
Retail leasing broker commissions | $1,329,075 | $5,132 |
Cable Agreement Income | ($64,750) | ($250) |
Operating Expense Deficit Reserve | $500,000 | $1,931 |
Developer's Contingency | $3,000,000 | $11,583 |
Developer's Fee | $6,942,640 | $26,806 |
Total Soft Costs | $21,600,025 | $83,398 |
Financing + Other Costs | Total Amount | Per Unit |
Mortgage Doc Stamps | $379,100 | $1,464 |
Mortgage Intangible Stamps | $216,600 | $836 |
Financing Reports & Surveys | $20,000 | $77 |
Lender's Fee | $1,083,052 | $4,182 |
Agents / Broker's (Loan) | $1,083,052 | $4,182 |
Loan Guarantee Insurance | $866,442 | $3,345 |
Equity Finders | $2,172,232 | $8,387 |
Loan Closing Costs | $220,000 | $849 |
Interest Reserve - Construction | $7,980,915 | $30,814 |
Total Financing + Other Costs | $14,021,393 | $54,137 |
Grand Total | $151,045,865 | $583,189 |
The Property sits in a location that is bordered by Wynwood, Midtown Miami, and the Design District, earning a Walk Score of 94. Wynwood is known for being Miami's epicenter of the arts and creative businesses and attracts 4M+ visitors annually. Midtown Miami is a 56-acre master-planned community with over 645,000 square feet of retail anchored by Target, Marshalls, HomeGoods, and restaurants. The Design District is known for high-end shopping and is home to 150+ luxury stores such as Louis Vuitton, Burberry, Fendi, and Dior. Collectively, these three walkable neighborhoods give the Property's future residents an array of dining, nightlife, and shopping options.
Unit Type | # of Units | Avg SF/Unit | Avg Rent | Rent PSF |
Studio | 44 | 549 | $2,850 | $5.19 |
One Bedroom | 123 | 779 | $3,675 | $4.72 |
Two Bedroom | 82 | 1,157 | $4,600 | $3.98 |
Three Bedroom | 10 | 1,868 | $6,600 | $3.53 |
Totals | 259 | 902 | $3,941 | $4.37 |
Commercial Space | SF | TI/LC | Avg Rent / SF |
Retail | 29,535 | 2,362,800 | $75 |
Office | 1,584 | 126,720 | $100 |
Totals/Averages | 31,119 | - | $76 |
Lease Comparables
Gio Midtown | Sentral Wynwood | The Dorsey | Wynd 27 & 28 | Eve at The District | Bezel Miami Worldcenter | Solitair Brickell | Sofia Coral Gables | Averages | Subject Property (Mohawk at Wynwood) | |||
Year Built | 2020 | 2020 | 2022 | 2023 | 2016 | 2021 | 2018 | 2017 | 2020 | 2025 | ||
Class | A | A | A | A | A | A | A | A | A | A | ||
Average Unit Size | 890 SF | 747 SF | 758 SF | 642 SF | 857 SF | 850 SF | 819 SF | 995 SF | 656 SF | 902 | ||
Distance from Subject Property | 0.3 Miles | 0.3 Miles | 0.4 Miles | 0.4 Miles | 0.7 Miles | 1.8 Miles | 2.8 Miles | 8.8 Miles | 1.6 mi | N/A | ||
Studio | ||||||||||||
$ / Unit | $2,769 | $3,091 | $2,575 | $2,650 | - | $2,438 | $2,563 | $2,643 | $1,873 | $2,850 | ||
Square Feet | 544 SF | 631 SF | 532 SF | 540 SF | - | 568 SF | 494 SF | 399 SF | 371 SF | 549 SF | ||
$ / SF | $5.09 / SF | $4.90 / SF | $4.84 / SF | $4.91 / SF | - | $4.29 / SF | $5.19 / SF | $6.62 / SF | $3.58 / SF | $5.19 / SF | ||
1 Bedroom | ||||||||||||
$ / Unit | $3,736 | $3,059 | $2,841 | $2,900 | $3,185 | $3,700 | $3,854 | $3,374 | $2,665 | $3,675 | ||
Square Feet | 774 SF | 644 SF | 656 SF | 634 SF | 742 SF | 796 SF | 764 SF | 792 SF | 580 SF | 779 SF | ||
$ / SF | $4.83 / SF | $4.75 / SF | $4.33 / SF | $4.57 / SF | $4.29 / SF | $4.65 / SF | $5.04 / SF | $4.26 / SF | $3.67 / SF | $4.72 / SF | ||
2 Bedrooms | ||||||||||||
$ / Unit | $4,812 | $4,282 | $4,310 | $4,150 | $4,435 | $5,162 | $4,734 | $5,865 | $3,775 | $4,600 | ||
Square Feet | 1,127 SF | 901 SF | 1,018 SF | 901 SF | 1,061 SF | 1,042 SF | 1,038 SF | 1,161 SF | 825 SF | 1,157 SF | ||
$ / SF | $4.27 / SF | $4.75 / SF | $4.23 / SF | $4.61 / SF | $4.18 / SF | $4.95 / SF | $4.56 / SF | $5.05 / SF | $3.66 / SF | $3.98 / SF | ||
3 Bedrooms | ||||||||||||
$ / Unit | $6,635 | $5,741 | $5,499 | - | $5,000 | $11,304 | $4,996 | $6,315 | $4,549 | $6,600 | ||
Square Feet | 1,711 SF | 1,382 SF | 1,335 SF | - | 1,779 SF | 1,808 SF | 1,533 SF | 1,543 SF | 1,109 SF | 1,868 SF | ||
$ / SF | $3.88 / SF | $4.15 / SF | $4.12 / SF | - | $2.81 / SF | $6.25 / SF | $3.26 / SF | $4.09 / SF | $2.86 / SF | $3.53 / SF |
Sales Comparables
The Urban | 19 Dutch | The Chelsea | Lofts at 5 Points | The Pullman | Watermarc at Biscayne Bay | Amalta Broken Sound | Averages | Subject Property (Mohawk at Wynwood) | |
Year Built | 2020 | 2018 | 1986/2022 | 2020 | 2020 | 2021 | 2022 | 2020 | 2025 |
Class | A | A | A | A | A | A | A | A | A |
# of Units | 100 | 483 | 204 | 85 | 168 | 296 | 297 | 163 | 259 |
Average Unit Size | - | 681 SF | 770 SF | 802 SF | 1477 SF | 1043 SF | 1120 SF | 982 SF | 902 SF |
Sale Date | 01-19-2023 | 11-23-2022 | 06-27-2022 | 07-26-2022 | 07-01-2021 | 06-01-2022 | 09-01-2022 | ||
Sales Price | $86,500,000 | $487,500,000 | $245,000,000 | $88,000,000 | $174,250,000 | $211,000,000 | $194,000,000 | $148,625,000 | $180,508,652 |
Sales Price / Unit | $865,000 | $1,009,317 | $1,200,980 | $1,035,294 | $1,037,202 | $712,838 | $653,199 | $651,383 | $696,945 |
Sales Price / SF | - | $1,482 | $1,560 | $1,291 | $702 | $683 | $583 | $630 | $682 |
Location | Flushing, NY | NY, NY | NY, NY | Ogden, UT | Denver, CO | Miami, FL | Boca Raton, FL | Miami, FL |
Market Overview
Miami has long been considered the Gateway to Latin America within the U.S. Many overseas companies use the Miami area as their base for U.S. operations. More than 1,200 multinational companies have been lured to the area over the past 25 years, thanks in part to the multilingual workforce. With Florida’s relatively low taxes, including no state income tax, and diverse workforce, Miami-Dade and the region are becoming more attractive to companies seeking year-round sunshine and a lower cost of living. South Florida has become the #4 relocation destination for Americans who have moved during COVID according to FCP. The South Florida MSA is now ranked as the 7th largest MSA in the United States and has grown by almost 50% in the last 25 years.
Submarket Overview
The Wynwood submarket is a trendy location that is sandwiched between Midtown Miami and the Design District. Even during the peak of COVID, Wynwood saw expansion in multiple forms, inclusive of several restaurant openings, Spotify announcing a South Florida HQ location and Trader Joe's agreeing to a lease across the street from this Project. The submarket's central location is just minutes north of downtown Miami and is ideal for artists, residents, creative office users, and small business owners.
Total Capitalization
Sources of Funds | $ Amount | $ / Unit | $ / SF |
Debt | $108,305,191 | $418,167 | $409 |
LP Investor Equity | $68,593,288 | $264,839 | $259 |
GP Investor Equity(1) | $3,610,173 | $13,939 | $14 |
Total Sources of Funds | $180,508,652 | $696,945 | $682 |
Uses of Funds | $ Amount | $/Unit | $ / SF |
Land(2) | $27,857,000 | $107,556 | $105 |
Soft Costs | $25,908,095 | $100,031 | $98 |
Hard Costs | $112,722,166 | $435,221 | $426 |
Financing Costs | $14,021,392 | $54,137 | $53 |
Total Uses of Funds | $180,508,652 | $696,945 | $682 |
(1) The Sponsor/General Partner will contribute 5% of the required equity. The Sponsor’s equity contribution may consist of friends and family equity and equity from funds controlled by the Sponsor.
(2) The original land was purchased on June 21st, 2021 for $22,000,000. Additional land was purchased on February 9th, 2023 for $5,700,000 million. The land was appraised by Cushman & Wakefield as well as JLL and based on their combined valuation, the land is being contributed to Phase II at $41,000,000. This updated value for the land results in an additional $13,243,000 of implied equity to Phase I investors. The targeted returns set forth in the Investment Documents take this into account.
The Sponsor will seek to secure a construction loan in an amount of $108.5 million that is +/- 60% loan to cost from a construction lender on terms reasonably satisfactory to Sponsor. Upon stabilization, a longer-term permanent loan is intended to be secured. The construction loan is modeled to be at an annual rate of 7.5%
(1) A substantial portion of the total acquisition for the Property will be paid with borrowed funds, i.e., debt. Please carefully review the Disclaimers section below for additional information concerning the Sponsor's use of debt.
The Rilea Group intends to make distributions on a pro rata basis out of funds received as a holder of Mowyn, LLC who intends to make distributions as follows:
- Return of capital to Investors pro rata until an 8% non-compounding annual preferred return from the time of investment until sale.
- Thereafter, (i) twenty-five percent (25%) to the Manager and (ii) seventy-five percent (75%) to the Investors (including the Manager) pro rata in proportion to their respective Interests until Investor receives a 15% non-compounding annual return on their investment,
- Thereafter, (i) thirty-five percent (35%) to the Manager and (ii) sixty-five percent (65%) to the Investors (including the Manager) pro rata in proportion to their respective Interests.
The Rilea Group 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 June 2026 and are projected to continue on a quarterly basis thereafter. Distributions are at the discretion of The Rilea Group, who may decide to delay distributions for any reason, including maintenance or capital reserves.
The Rilea Group will receive a promoted/carried interest as indicated above.
Cash Flow Summary | ||||||
Year 0 | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | |
Effective Gross Revenue | $0 | $0 | $0 | $348,015 | $8,423,599 | |
Total Operating Expenses | $0 | $0 | $0 | ($10,440) | ($2,693,093) | |
Net Operating Income | $0 | $0 | $0 | $337,574 | $5,730,507 | |
Project-Level Cash Flows | ||||||
Year 0 | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | |
Net Cash Flow | ($36,088,000) | $0 | ($36,115,461) | $0 | $0 | $173,329,221 |
Investor-Level Cash Flows(1) | ||||||
Year 0 | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | |
Net Cash Flow | $0 | $0 | ($36,115,461) | $0 | $0 | $68,522,329 |
Investor-Level Cash Flows - Hypothetical $50,000 Investment(1) | ||||||
Year 0 | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | |
Net Cash Flow | $0 | $0 | ($50,000) | $0 | $0 | $94,866 |
(1) RM Technologies, LLC and its affiliates do not provide any assurance of returns. Returns presented are net of all fees. Please carefully review the Fees and Disclaimers sections below for additional information concerning Sponsor’s use or projected returns and fees paid to Sponsor and RM Technologies, LLC.
Certain fees and compensation will be paid over the life of the transaction; please refer to The Rilea Group'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 |
Development Fee | 4.0% of Total Development Costs | Rilea Group | Development Costs |
Construction Management Fee | 1.0% of Hard Costs | Rilea Group | Development Costs |
Technology Solution Licensing Fee(2) | Flat one-time licensing fees of $15,000 plus $1,400 per each prospective investor onboarded by Sponsor through its license and use of RM Technologies’ Technology Solution | RM Technologies, LLC |
Capitalization (at Sponsor’s discretion) |
Recurring Fees: | |||
Type of Fee | Amount of Fee | Received By | Paid From |
Property Management Fee | 3.0% of EGI | Rilea Group | Cash Flow |
Administration Solution Licensing Fee(2) | Annual licensing fee of 1.0% of Platform Investors' equity serviced by Sponsor through the license and use of RM Technologies’ Administration Solution | RM Technologies, LLC | Cash Flow |
(1) Fees may be deferred to reduce impact to investor distributions.
(2) Please see the Fees and Disclaimers sections below for additional information concerning fees paid to RM Technologies, LLC.
(3) RM Admin will be providing the following services: (a) responding to inbound investor inquiries regarding how to subscribe to the Project, (b) distribution of all annual tax forms (after receipt of same from Project Sponsor), (c) processing distributions that are payable from RM Mohawk, LLC to Investors, however, RM Admin will not be deemed to have custody of client funds, (d) distribution of all quarterly reports (after receipt of same from Project Sponsor) and (e) summarizing sponsor information on property performance, responding to investor inquiries regarding sponsor performance information as well as the real estate market generally.
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.