
Zenda Properties ("Zenda"), based in Montreal, Quebec, was formed by Gerald Levy in 1992. Gerald Levy is also a lawyer, licensed to practice in both the province of Quebec and the state of Arizona. Mr. Levy has over 30 years of experience as owner, manager and advisor, both in Canada and the United States.
Zenda was formed to invest in and manage real estate in its own name, with partners and with investors. Over the last 30 years, Zenda has earned a successful track record in all facets of commercial office, retail and industrial real estate development and management. They have developed extensive expertise in establishing and managing co-investment relationships. Zenda has been acquiring and managing commercial real estate properties in the US and Canada for over 30 years and has acquired over $125 million of properties in the last 10 years. Zenda currently owns and manages over 815,000 rentable square feet of retail, office, and industrial properties across the US and Canada.
Zenda has the experience and acumen required to deal with the cyclical nature of the real estate market. Whether the issue is a potential investment or finding a solution to an existing real estate problem, Zenda has the necessary hands-on expertise and tools to take the right course of action. The experience gained as owners, developers, investors, lawyers, managers and consultants gives Zenda a unique perspective and a broader viewpoint of real estate issues and opportunities.
This is the second opportunity for Realty Mogul investors to invest alongside this management team.

Address: | 9825 South Mason Road Richmond, Texas 77469 |
Year Built: | 2008 |
Current Occupancy: | 93.0% |
Net Rentable Area: | 39,779 square feet |
Parking: | 166 spaces 4.2 spaces per 1,000 square feet of rentable area |
Access: | From both Mason Rd. and Lewisville Dr. via three (3) points of access |
TENANT NAME | SQUARE FOOTAGE CURRENTLY LEASED |
---|---|
Ace Hardware | 10,112 |
Las Mananitas Restaurant | 4,847 |
Strong Martial Arts | 4,681 |
Waterside Dental | 2,850 |
Friendship Animal Hospital | 2,554 |
Snap Fitness | 2,066 |
Shipley Do-Nuts | 1,750 |
Classic Cleaners | 1,450 |
Zena Salon | 1,433 |
Nationwide Insurance | 1,425 |
Subway | 1,400 |
Model Nails | 1,400 |
Edward Jones & Co. | 1,069 |
Waterside Commons Shopping Center was built in 2008 and was constructed in a "reverse-L" configuration in order to give tenants enhanced visibility from the street and highway. The center consists of one building situated on approximately 3.9 acres of land.
Major Tenants
Ace Hardware is an international chain of local hardware stores with over 4,700 locations. It is the anchor tenant at Waterside Commons with a total space of over 10,000 sq. ft. It is currently under lease until 2019. Included in its premises is a Benjamin Moore Paints under similar lease terms.
Subway is the world’s largest submarine sandwich chain with more than 39,000 locations worldwide. It is currently leasing 1,400 sq. ft. at Waterside Commons and is under lease until 2018.
Edward Jones Investments is a full-service brokerage firm with over 7 million investor clients and 12,000 investment advisors throughout the USA. It currently lease 1,069 sq. ft. at Waterside Commons and are under lease until mid-2014 when it is expected to exercise its 5-year option to renew.
Nationwide Insurance is a Fortune 500 company. It is currently leasing 1,425 sq. ft. of space at Waterside Commons. Its lease expires in 2018.
Shipley Do-Nuts is a regional donut shop that currently has over 190 stores in 6 states. It is currently leasing 1,750 sq. ft. at Waterside Commons and is under lease until 2018.
Snap Fitness is a small format fitness center. The company has 1,400 clubs worldwide. The tenant is currently leasing 2,066 sq. ft. at Waterside Commons and is under lease until October 2014. We anticipate the tenant renewing at lease expiry.
A current rent roll, aerial, and neighborhood map are attached below the map on the right hand side of this page.
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.
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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.
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