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:
Multifamily
The Palms
Gulfport, MS
Completed Equity
100% funded
...
The Palms
Gulfport, MS
All Investments > The Palms
...
Overview
The Palms
current
current
current
current
current
Videos
Webinar coming soon.
Details
For more information, view the Sponsor's Investment Memorandum.
Estimated Hold Period 7 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
Investment Highlights
The sponsor has significant local market experience, managing 1,700 multifamily units in Gulfport over the past 10 years
Prime location near retail centers, major thoroughfares, and employment centers
Property is 97% occupied as of 8/11/15
The sponsor has significant local market experience, managing 1,700 multifamily units in Gulfport over the past 10 years
Prime location near retail centers, major thoroughfares, and employment centers
Property is 97% occupied as of 8/11/15
Contact Us
Questions before investing?
Speak with our Investor Relations team.
Schedule a Call
Management
For more information, view the Sponsor's Investment Memorandum.
MMI Capital Partners

The Sponsor, MMI Capital Partners, is a division of MMI Multifamily Management, who is based in Mobile, AL and is the property manager for 10,000 units in the southeast. In the Gulfport market specifically, MMI has managed 1,700 units across 13 properties, providing extensive "on the ground" knowledge of the market. The principals of MMI Capital Partners include MMI Multifamily Management's CEO, Patrick J. Coffey, as well as Managing Partner Dan Anderson. They have sponsored over $80 million of acquisitions on a combined basis.  The track record below includes all acquisitions completed, both jointly and separately, by the members of the sponsor. In addition, their advisor Check Stefan has developed, financed, syndicated & built 159 multifamily properties as former EVP and Principal of Mitchell Companies.

 

 

The executive and site support staff of the management company, MMI Multifamily Management, includes over 230 trained professionals. The headquarters is located in Mobile, AL with regional offices located in Durham, NC; Pensacola, FL; Baton Rouge, LA; New Orleans, LA; Biloxi/Gulfport, MS; Atlanta, GA, Indianapolis, IN, and Memphis, TN. The company originated in the early 1960’s and is recognized for its experience and active property management history. 

In addition, MMI Multifamily Management has extensive experience in managing a variety of properties that must be operated within regulatory guidelines placed on the property through financing or governmental programs. Many of these properties are classified as Affordable Housing and require a resident profile that reflects the needs of low to moderate-income families. Properties with tax-exempt bonds, HUD, Farmers Home, LIHTC, and HOME requirements are also a part of the Company’s management portfolio.

MMI Multifamily Management is an active member of many professional associations including the Institute of Real Estate Management (IREM), National Association of Realtors (NAR), Southeastern Assisted Housing Management Agents (SAHMA), and several other local property management organizations. As a member of these professional organizations, codes of ethics are emphasized and are maintained throughout the organization. Each owner represented by the Company benefits from the wealth of property management experience and professional capabilities in the management of their properties.

 

  

The above presentation is based upon information supplied by the Sponsor.  Realty Mogul, Co., RM Manager, LLC, and Realty Mogul 50, LLC, along with their respective affiliates, officers, directors or representatives (the "RM Parties") hereby advise you that none of them has independently confirmed or verified any of the information contained herein.  The RM Parties further make no representations as to the accuracy or completeness of any such information and undertake no obligation now or in the future to update or correct this presentation or any information contained herein.

Management Team
Management
Patrick J. Coffey, CPA (Managing Partner, MMI Capital Partners)

Patrick J. Coffey, CPA (Managing Partner, MMI Capital Partners) is the owner & CEO MultiFamily Management, Inc., a nationally recognized property management company.  Mr. Coffey has twenty eight (28) years of direct involvement in real estate management and currently managers 11,500 apartment units.  In addition, he has current ownership interests in 1,000 units in the Southeast United States.  Prior to his tenure at MMI, Mr. Coffey was the Chief Financial Officer of the largest Savings & Loan in the state of Alabama.  He has served as Court appointed Receiver for numerous Foreclosed and Bank REO multifamily properties and has previously owned and managed building supply, insurance adjustment, and home building operations.                                                     

 

 

Management
Daniel P. Anderson (Managing Partner, MMI Capital Partners)

Daniel P. Anderson (Managing Partner, MMI Capital Partners) is a career executive with current ownership in 200 apartment units in addition to a portfolio of single family properties in the Gulf states. Mr. Anderson has successfully managed numerous construction and remodeling projects and is a licensed insurance adjuster in Mississippi.  Prior to MMI, Mr. Anderson was an executive with ChemFirst, where he permitted, built and managed manufacturing facilities; managed plants and business units; and directed risk management, regulatory and  legislative compliance and advocacy programs for domestic and international operations.  

Management
Chuck Stephan (Advisor, MMI Capital Partners)

Chuck Stephan (Advisor, MMI Capital Partners) has Developed, Financed, Syndicated & Built 159 multifamily properties from 1963 to 2012 as Principal and Director of Apartment Development at The Mitchell Companies, located in Mobile, Alabama. Adjusted for inflation, the current market value of those properties exceeds $1.0 Billion. Mr. Stephan was previously a Captain in the United States Army.

Property
For more information, view the Sponsor's Investment Memorandum.
Address: 10471 Three Rivers Road Gulfport, MS 39503
Year Built: 1985 (88 Units) & 1990 (152 Units)
Property Type: Multifamily
Number of Units: 240 units
Occupancy: 97%
Major Amenities: Two Swimming Pools & Playground
Fitness Center
Poolside Kitchen Pavilion 
Tennis Court
Laundry Facility

Financials
For more information, view the Sponsor's Investment Memorandum.
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.

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.

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 9 AM - 8 PM ET 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.

SECURITY SETUP

Secure Your Account

Add a layer of protection to your RealtyMogul account. Set up two-factor authentication below.

Select your preferred method of two-factor authentication to continue:

Set Up SMS Verification

Receive a one-time code via text message to verify your identity when you log in.

Use an Authenticator App

Use an authenticator app on your device to verify your identity when you log in.

Remind me later
SECURITY SETUP

Security setup is complete.

You can manage your two-factor authentication settings anytime in your profile.

SECURITY SETUP

Verify your phone number.

We've sent a text message with a one-time verification code to:

Request another code.

SECURITY SETUP

Verify your phone number.

Request a one-time verification code to verify the phone number we'll use for two-factor authentication.

US phone number only. Message and data rates may apply.

SECURITY SETUP

Connect your authenticator app.

1. Install an authenticator app

of your choice on your mobile device.

2. Scan this QR code

with your authenticator app to get a verification code.

QR Code

3. Enter the code

from your authenticator app:

SIGN IN

Verify your identity.

REPLACE ME

Request another code.

SECURITY SETUP

Security setup skipped.

You can manage your two-factor authentication settings anytime in your profile.