Multifamily
Rose Hill Townhomes & Villas
Columbus MSA, OH
Funded
Rose Hill Townhomes & Villas
Columbus MSA, OH
All Investments > Rose Hill Townhomes & Villas
Overview
Rose Hill Townhomes & Villas
Built in the 1990s, Rose Hill Townhomes & Villas is a 132-unit garden and ranch apartment community in the Columbus, OH MSA, offering accretive, assumable fixed-rate debt.
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Details
For more information, view the Sponsor's Investment Memorandum.
Estimated First Distribution
11/2024
Minimum Investment
30000
Estimated Hold Period
3 Years
Investment Strategy
Value-Add
Investment Type
Equity
Sponsor Documents
The offering documents above 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.
Deal Highlights
Experienced, Repeat Sponsor: An affiliate of RealtyMogul, RM Communities is an experienced sponsor with over 2,000 multifamily units acquired with a fully dedicated team of acquisitions, underwriting, and asset management professionals.
Accretive, Assumable Debt: The acquisition presents the opportunity to assume well-below-market, fixed rate, Freddie Mac financing at 3.77% and at just over 50% LTV with optionality to add an estimated $2M market-rate supplemental mortgage at close.
Value-Add Business Plan: Upon acquisition, RM Communities plans to substantially improve the seller’s limited renovations and capture a proven upside while moving rents up to market. The seller renovated a handful of units to varying scopes and is achieving rents more than the current projected stabilized rents for the contemplated higher-scope renovations.
High Growth Columbus Location: The Columbus metro region ranks among the fastest-growing metro areas in the country for population growth and benefits from a strong job market, an affordable cost of living, and a growing advanced manufacturing center. (Source: CoStar)
Desirable Unit Mix: The property features a desirable unit mix with all 2x2 units, 45% of which are ranch-style townhomes with attached, direct-access garages, and target rents provide a significant discount to home ownership.
Top Tier Location: The property is ideally situated adjacent to I-270 and near major employment centers, including Defense Supply Center Columbus (DSCC), Mount Carmel East Hospital, and a pocket of warehouse/distribution centers surrounding John Glenn International Airport. Downtown Columbus is a 15-minute drive, and the property is 20 minutes from Intel’s new semiconductor facility that will generate more than 20,000 jobs.
Strong Submarket: This submarket and the surrounding areas are experiencing a resurgence with a growing population and positive rent growth. Stabilized vacancy in the submarket as of Q4 2023 was 5.6%, nearly 100 basis points below current underwriting. Per CoStar, the submarket has limited supply, with only 80 units slated to be developed over the next two years within a three-mile radius of the property. According to the Ohio Dept of Education, the Reynoldsburg school district boasts one of the highest graduation rates in the county (95%) with a leading gifted student program.
Favorable Tax Treatment: The potential cash flow from this investment also benefits from a lower tax rate at the property than traditional multifamily properties in the market.
Management Continuity: The in-place institutional property manager and minority owner, who has managed the deal since 2006, is contributing equity into this acquisition and remaining as manager at the property. They are intimately familiar with this asset and actively participated in formulating the go-forward business plan with a strong alignment of interests.
Joint Venture with an Experienced Partner: Corridor Ventures is a co-sponsor of this transaction. Corridor is an experienced real estate investor and operator, with deep expertise in the acquisition and operation of over $1 billion of multifamily and student housing properties in the Northeastern, Southeastern, and Midwestern United States. Through its own proprietary acquisitions as well as numerous joint venture partnerships, Corridor has an excellent track record of acquiring and operating multifamily and student assets, executing value-add strategies, and delivering strong risk-adjusted returns upon sale or refinance.
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Speak with our Investor Relations team.
Management
For more information, view the Sponsor's Investment Memorandum.
RM Communities
RM Communities is a sister-company to RealtyMogul, one of the leading online platforms for real estate investing. RM Communities is an owner/operator of multifamily assets with a proprietary playbook to deliver strong risk-adjusted returns. RM Communities has acquired over 2,300 multifamily units and $385 million(1) in real estate with a fully dedicated team of acquisitions, underwriting, and asset management professionals.
Management Team
Comparables
For more information, view the Sponsor's Investment Memorandum.
Lease Comparables
| Property | Year Built | # of units | Floorplan | Sq. Ft | Eff. Rent | Eff Rent/Sq Ft. | Renovated | W/D | Distance to Subject: | Parking | Leasing Office | Fitness Center | Pool | Outdoor Kitchen/BBQ | Dog Park | Trash |
| Briarcliff Plaza | 1968 | 26 | 2/1 | 755 | $1,205 | $1.60 | Renovated | 0.7 | Surface | |||||||
| Carnaby Village | 1970 | 90 | 2/1.5 | 950 | $1,300 | $1.37 | Renovated | Connections | 1.6 | Surface | Yes | Yes | Valet | |||
| The Oaks | 1987 | 32 | 2/2 | 1086 | $1,378 | $1.27 | Renovated | Connections | 1.8 | Surface | Yes | Yes | Yes | Yes | ||
| The Oaks | 1987 | 24 | 2/1.5 | 935 | $1,399 | $1.50 | Renovated | Connections | 1.8 | Surface | Yes | Yes | Yes | Yes | ||
| Rose Hill Townhomes (Stabilized) | 1992 | 69 | 2/2 | 1048 | $1,415 | $1.35 | Renovated | In-Unit | Attached/Detached | Yes | Yes | Yes | Yes | Valet ($25) | ||
| Waldren Woods | 2023 | 104 | 2/2 | 957 | $1,440 | $1.50 | New Vintage | Connections | 1.9 | Detached ($125) | Yes | Yes | Yes | Yes | Yes | |
| Rose Hill Townhomes (Stabilized) | 1992 | 50 | 2/2 Ranch | 1050 | $1,625 | $1.55 | Renovated | In-Unit | Attached/Detached | Yes | Yes | Yes | Yes | Valet ($25) | ||
| Wheaton Village | 2015 | 48 | 2/2 | 1106 | $1,755 | $1.59 | New Vintage | Connections | 3.2 | Attached 2 Car | Yes | Yes | Yes | Valet ($25) | ||
| Wheaton Village | 2015 | 9 | 2/2 | 1138 | $1,825 | $1.60 | New Vintage | Connections | 3.2 | Attached 2 Car | Yes | Yes | Yes | Valet ($25) | ||
| Redwood Reynoldsburg | 2017 | 36 | 2/2 | 1343 | $1,983 | $1.48 | New Vintage | Full Size | 1.8 | Attached 2 Car | Valet ($24) |
Sales Comparables
| Property Name | Submarket Name | City | State | Sale Date | Sale Price | Number Of Units | Net Rentable SF | Price Per Unit | Price Per SF | Year Built | Building Class |
| Rose Hill Townhomes | Reynoldsburg | Reynoldsburg | OH | Q3 2024 | $19,400,000 | 132 | 138,456 SF | $146,970 | $140 | 1992 | B |
| The Traditions at Slate Ridge | Slate Ridge | Reynoldsburg | OH | 6/2023 | $18,500,000 | 94 | 131,346 | $196,809 | $141 | 2006 | B |
| Waldren Woods | Linvingston-McNaughten | Reynoldsburg | OH | Pending | $28,000,000 | 160 | 150,000 | $175,000 | $187 | 2023 | B |
| Alder Park | Gahanna-Havens Corners | Gahanna | OH | Pending | $16,400,000 | 82 | 72,000 | $200,000 | $228 | 2023 | B |
| Residences at Christopher Wren | Cherry Bottom | Gahanna | OH | 6/2022 | $51,480,000 | 264 | 365,628 | $195,000 | $141 | 1993 | B |
| Cumberland Links | Licking County | Pataskala | OH | 9/2022 | $34,992,000 | 216 | 244,304 | $162,000 | $143 | 2001 | B |
| Kensington Grove | Outer Northeast Columbus | Westerville | OH | 6/2022 | $14,472,000 | 72 | 128,376 | $201,000 | $113 | 1995 | B |
| The View on Grant | Discovery District | Columbus | OH | 8/2023 | $17,250,000 | 86 | 87,445 | $201,000 | $197 | 2019 | B |
Financials
For more information, view the Sponsor's Investment Memorandum.
Sources & Uses
| Sources | Amount | $/Unit | % |
| Senior Loan | $10,068,438 | $76,276 | 42.90% |
| Supplemental Loan | $2,000,000 | $15,152 | 8.50% |
| Investor Equity(1) | $11,400,000 | $86,364 | 48.60% |
| Total | $23,468,438 | $177,791 | 100% |
| Uses | Amount | $/Unit | % |
| Purchase Price | $19,400,000 | $146,970 | 82.70% |
| Loan Fee | $120,684 | $914 | 0.50% |
| Non-Recourse Carveout Guarantor Fee | $60,342 | $457 | 0.30% |
| Closing Costs | $288,936 | $2,201 | 1.20% |
| CapEx Budget | $2,853,705 | $21,619 | 12.20% |
| Acquisition Fee | $445,074 | $3,372 | 1.90% |
| Taxes and Insurance | $219,697 | $1,664 | 0.90% |
| Working Capital | $80,000 | $606 | 0.30% |
| Total | $23,468,438 | $177,791 | 100% |
(1) Investor Equity includes equity contributions from the Sponsor(s) and/or Affiliates of the Sponsor(s).
Debt Assumptions
The expected terms of the debt financing are as follows(1):
Assumable Loan:
- Loan Type: Assumable/Fixed
- Total Loan Amount: $10,068,400
- Loan Term Remaining: 5 Years
- Lender/Servicer: Lument/Hunt Mortgage Partners
- Extension Options: N/A
- Amortization: 30 Years
- Interest Rate: 3.77%
- Interest-Only Remaining: 0 Years
- Initial Loan-to-Value: 51.9%
- Loan-to-Cost(2): 44.2%
Acquisition Supplemental:
- Loan Type: Supplemental/Fixed
- Total Loan Amount: $2,000,000
- Loan Term: 5 Years (Coterminous)
- Lender/Servicer: Lument/Hunt Mortgage Partners
- Extension Options: N/A
- Amortization: 30 Years
- Interest Rate: 7.77%
- Interest-Only Remaining: 0 Years
- Combined Loan-to-Value: 62.2%
- Loan-to-Cost(2): 54.2%
(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 Sponsors use of debt.
(2) Loan-to-cost is calculated as the loan amount divided by total cost (purchase price + capex budget)
Distributions
RM Communities intends to make distributions as follows:
Operating Cash Flow:
- 7% Preferred Return
- Return of Capital to Members
- 70% Members / 30% GP Thereafter
Capital Event:
- 7% Preferred Return
- Return of Capital to Members
- Payment of Disposition Fee
- 70% Members / 30% GP Thereafter
RM Communities 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 2024 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.
RM Communities will receive a promoted/carried interest as indicated above.
Fees
You will pay certain fees and compensation over the life of the transaction; please refer to RM Communities' materials for details. The following fees and compensation will be paid(1)(2)(3)(4)(5):
One-Time Fees:
| Type of Fee | Amount of Fee | Received By | Paid From |
| Acquisition Fee | 2.0% of Purchase Price and CapEx | Sponsors | Capitalized Equity Contribution |
| Financing Fee(1) | 1.0% of Refinanced Loan Amount or Future Supplemental | Sponsors | Financing Proceeds |
| Non-Recourse Carveout Guarantor Fee | 0.5% of Assumable Loan and Acquisition Supplemental Amount | Affiliates | Capitalized Equity Contribution |
| Disposition Fee(2) | Up to 1.0% of Gross Sales Proceeds | Sponsors | Net Sale Proceeds |
| Construction Management Fee | 5.0% | Crawford Hoying | Capitalized Equity Contribution |
Recurring Fees:
| Type of Fee | Amount of Fee | Received By | Paid From |
| Asset Management Fee | 1.5% of Effective Gross Income | Sponsors | Cash Flow |
| Property Management Fee | Monthly, 3.0% of Effective Gross Income | Crawford Hoying | Cash Flow |
(1) A Financing Fee will only be charged in the event of a refinancing or supplemental event.
(2) The Disposition Fee will only be paid if investors have received, at minimum, their full 7% accrued pref and had a full return of capital.
(3) Fees may be deferred to reduce impact to investor distributions.
(4) In addition, RM Communities will pay RM Securities a 1% commission on the proceeds from the sale of any equity in the issuer executed by RM Securities, all or a portion of which will be paid to RM Securities registered representatives. These commissions will be paid out of the acquisition fee paid to RM Communities by the issuer.
(5) For more information on the fees paid to RM Securities and its affiliates 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.
Disclosures
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.
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.