RealtyMogul Recently Sold Three Commercial Real Estate Properties
LOS ANGELES, CA – September 18th, 2018 - RealtyMogul , an online marketplace that pioneered providing direct real estate access to discerning investors, announced that it has sold three real estate properties on behalf of its investors. The properties were acquired between 2015 and 2016 and all sold in the last 90 days.
The first property is a 57,815 square foot multi-tenant office building in Hollywood, Florida. It was acquired in September 2016 and sold in May 2018. It was acquired for $8,300,000 and sold for $11,500,000, representing a 39% increase in capital value from acquisition.
The second property is a 123-unit garden style apartment building located in Fort Worth, Texas. It was acquired in September 2016 and sold in August 2018. It was acquired for $4,900,000 and sold for $10,225,000 representing a 109% increase in capital value from acquisition.
The third property is a 63,905 square multi-tenant medical office building in San Antonio, Texas. It was acquired in May 2015 and sold in August 2018. It was acquired for $6,700,000 and sold for $8,900,000, representing a 33% increase in capital value from acquisition.
CEO Jilliene Helman noted, “We are proud of our strong performance to date and grateful to our investors for entrusting us with their hard-earned capital. We operate day in and day out to be good stewards of that capital and are excited to announce these recent sales.”
All three of these investments were offered to accredited investors as investments in specific properties offered through private placements. Each investment passed RealtyMogul’s stringent zero-based underwriting methodology, which analyzes each deal from scratch through a combination of proprietary in-house analytics and underwriting. The process is so intensive that less than 1% of the deals brought to RealtyMogul pass its underwriting standards.
Past performance is not indicative of future performance. Private Placements are speculative and involve substantial risks. Consider the risks outlined in the Offering Documentation before investing. Risks include, but are not limited to illiquidity, lack of diversification, complete loss of capital, default risk, industry and capital call risk. Investments may not achieve their objective.
RealtyMogul is a commercial real estate private markets investing platform that provides discerning investors exclusive access to thoroughly vetted opportunities, rigorous underwriting, and high-touch customer service through licensed investment professionals. We strive to build wealth through sound principles and data insights, serving real people who want a smart alternative investing strategy.
We offer capital financing opportunities to qualified real estate companies, and through our rigorous vetting we’re able to hand-select opportunities for our discerning investors.