The Wideman Company is an affiliate of Susquehanna Holdings Ltd. (legacy investment manager). The Wideman Company is a cash flow driven, high-touch real estate investment company that identifies opportunities through tenant relationship building, strategic market selection, and operational precision to deliver exceptional returns for its investors. The Wideman Company employs a unique set of skills to work through complex or distressed situations to align financial, operational, and physical components of assets to generate outsized returns.
For over 50 years, The Wideman Company has carefully refined its relationships and asset management infrastructure. The Wideman Company has a storied track record of maximizing financial freedom for investors. With extensive experience pursuing office and industrial assets in fundamentally sound, burgeoning markets, The Wideman Company has built a portfolio spanning 7 MSF of interior space. Based in Orlando, Florida, The Wideman Company efficiently manages approximately $1.2 billion of commercial real estate throughout the Southeast and Sunbelt states.
Tenant Overview
Truist:
Truist (NYSE: TFC, S&P: A-) was formed in December 2019 following the merger of SunTrust and BB&T. Truist Financial Corporation provides a broad array of financial services and is the 4th largest deposit base in the nation. The Company offers a wide range of services, including retail, small business and commercial banking, asset management, capital markets, commercial real estate, corporate and institutional banking, insurance, mortgage, payments, and specialized lending and wealth management solutions.
E|SPACES:
E|SPACES combines the functionality of executive suites, coworking spaces, and shared offices to create a professional environment for entrepreneurs, small businesses, and corporate teams. The firm has 10 locations that they occupy or are committed to in Florida, Tennessee, and Texas. E|SPACES offers meeting, office, and coworking space, along with amenities such as 24/7 access, location manager assistance, free parking, coffee and snacks, WiFi and IT support. They provide an ideal workspace for a corporate team to focus and complete a project off-site or a business that's expanding and needs space in transition. For mobile professionals, they provide a hub for when collaborative space or meeting rooms are needed.
RSM:
RSM US LLP is an audit, tax, and consulting firm, focused on the middle market in the United States and a member of the global accounting network RSM International. It is the fifth largest accounting firm in the United States. The firm has over 16,000 employees across 79 cities nationwide, providing audit, tax, and consulting services.
HuntonBrady Architects:
HuntonBrady is a modern architecture and interior design firm based in Orlando, Florida. It was founded by Robert B. Murphy in 1947 and has received more than 50 American Institute of Design Awards. The practice's specialties include healthcare, education, and commercial office design. HuntonBrady was the lead architect for Truist Plaza.
Insight Global:
Insight Global is a staffing and services company that specializes in providing workforce solutions to businesses across various industries. Founded in 2001, the company is headquartered in Atlanta, Georgia, and has grown to become one of the largest staffing firms in the United States. Insight Global offers services such as temporary staffing, permanent placement, and managed services, focusing on sectors like IT, finance, engineering, and healthcare.
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Debt type
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One-Time Fees:
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| Platform Fee | Flat One-Time Fee of $15,000 | RM Securities, LLC | Capitalized Equity Contribution |
| Placement Fee2 | 4.00% of the Raised Amount up to $2 million, plus 3.50% of the Raised Amount in excess of $2 million. | RM Securities, LLC | Capitalized Equity Contribution |
Recurring Fees:
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| Administration Solution Licensing Fee2 | 1.00% per annum of the aggregate capital contributions of the RM platform investor for whom RM Technologies provides the Administration Solution. | RM Technologies, LLC | Cash Flow / Capitalized Equity Contribution |
(1) Fees may be deferred to reduce impact to investor distributions.
(2) 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.
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. A Sponsor is 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, RealtyMogul does 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.
Target IRR
Targeted performance metrics, including the target internal rate of return (“Target IRR”), target cash-on-cash return (“Target Cash-on-Cash”) and target equity multiple (“Target Equity Multiple” and collectively, the “Target Returns”) presented herein are hypothetical, are provided for illustrative purposes only, and do not constitute a prediction, projection, or guarantee of future performance. Unless otherwise specified, the Target Cash-on-Cash reflects a hypothetical three-year hold period while the Target IRR and Target Equity Multiple reflect a hypothetical six-year hold period. These differing time horizons are based on the Sponsor’s assumptions regarding operational performance, capital events and ultimate disposition. Actual hold periods may be shorter or longer. The Target Returns are based on a number of subjective assumptions, estimates, and forward-looking statements regarding future events, market conditions, strategy execution, and other factors that are inherently uncertain and beyond the control of the Sponsor. Actual results may differ materially from the Target Returns. The Target Returns are presented on a “net” basis, (i.e., they reflect the Sponsor fees, “promote,” taxes, transactions costs and other expenses reasonably expected to be borne by investors in the Offering). No representation or warranty, express or implied, is made by the Sponsor or any of its affiliates or representatives that the Target IRR, Target Cash-on-Cash or Target Equity Multiple will be achieved.
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.
RM Adviser, LLC, a wholly owned subsidiary of RM Investor LLC and an affiliate of RealtyMogul, is an SEC-registered investment adviser. RM Adviser, LLC provides investment management services exclusively to certain REITs and single purpose funds and does not in any way provide investment advisory services to Sponsor, any other Platform sponsors or any Platform investors.