Realty Mogul Successfully Crowdfunds the First Shopping Center Ever

Realty Mogul

Beverly Hills, CA – November 8th, 2013 – Realty Mogul announced today that it used crowdfunding for the first time ever to crowdfund a shopping center – and the funding was completed less than 6 hours after the company
began taking money from investors. Jilliene Helman, founder and CEO, stated “We’re very pleased to be the first real estate crowdfunding company to get a retail property under our belt, and ecstatic that we had such a robust reaction from our investors. Our team had been actively searching the market for just such an opportunity, and this new retail transaction now joins the many multi-family apartment buildings that we’ve already handled nationwide.”

The property is a 133,600 square foot retail shopping center located at the gateway to the Monterey Peninsula in Prunedale, California, just an hour South of San Francisco. Its list of high-credit tenants includes CVS, Safeway, McDonald’s, Subway and Starbucks. “The fundamentals of both the property and its market area are solid,” said Helman. “The center has strong anchor tenants but had below-market overall occupancy due to the great recession as well as leasing and management issues that we believe can be corrected. It’s also clear that the Monterey County retail submarket has had very a robust recovery recently, absorbing a lot of rentable space and seeing significantly lower vacancies just in the last year.”

Realty Mogul will be joined in the transaction by some high-profile real estate investment companies. U.S. Realty Partners specializes in the acquisition, management, and redevelopment of high quality retail properties in the western United States. JG Management, another operating partner, has a current portfolio of four million square feet of commercial real estate spanning across seven states. Zenda Properties, based in Montreal, Canada has acquired over $150 million of office, industrial and retail properties in Canada and the United States over the past 15 years.

See the CFB’s  exclusive Interview with Jilliene Helman

https://crowdfundbeat.com/video/?p=4577

Realty Mogul is the leading real estate crowdfunding platform, and Helman suggested that the company will continue to move into other sectors. “Commercial real estate is comprised of several major asset classes, and we intend to be a player in most if not all of them,” she said. “Any investment we bring to the platform must have strong cash flow characteristics – we’re kind of conservative that way – but it’s important that our investors have a chance to diversify across the various market segments, so we’ll continue to try to bring them all types of commercial real estate investment opportunities.”

jilliene-helman1-e1366834209466-150x146

Jilliene Helman, founder and CEO, stated “We’re very pleased to be
the first real estate crowdfunding company to get a retail property under our belt….”

About Realty Mogul
Realty Mogul is crowdfunding for real estate, a marketplace for accredited investors to pool money onlineand buy shares of real property like office buildings, apartment buildings and retail centers. Realty Mogul gives investors tools to browse investments, do due diligence, invest online and have 24/7 access to an investor dashboard to watch how their investments are performing. Realty Mogul partners with private real estate companies to source quality deal flow and curates all the investments. For these real estate companies, they have access to a broader capital pool and tools to do investor reporting, investor communication and distributions.

Contact:
Justin Hughes
info@realtymogul.com
(877)-977-2776

Tags: , , , , , , ,

HEADLINE NEWS

This RSS feed URL is deprecated, please update. New URLs can be found in the footers at https://news.google.com/news [...]

NPRAfter Outcry, Crowdfunding Site Patreon Backs Off Plan To Raise ...NPRThe popular crowdfunding service Patreon has backed off plans to change its payment structure, after widespread, vocal and passionate opposition from creators and their fans. Last week, the site announced it woul [...]

ForbesCrowdfunding Do's And Dont's From iFundWomen's Karen CahnForbesDuring our conversation, she was transparent in sharing that her first software company, VProud, failed because she “did everything backwards” and spent too much time trying to perfect the product. “Pe [...]

TechCrunchHow hate speech crowdfunding outfit Hatreon crept back online ...TechCrunchIf you want to make a living creating white supremacist content, you're probably not going to do it via sites like Kickstarter and Patreon, which prohibit hate speech. Fortunately there's Ha [...]

EntrepreneurWhy Some Small Business Owners Are Turning to Crowdfunding to Save Their CompanyEntrepreneurMany owners of beloved local businesses, especially in pricier cities, have been forced to swallow their pride and appeal to their customers in times of crisis -- a process streamli [...]

Times of IndiaPT Usha takes to crowdfunding to run schoolTimes of IndiaCHENNAI: Legendary athlete PT Usha, called 'Payyoli Express' by her fans, has taken to crowdfunding and raised Rs 20 lakh to train budding girl sprinters and runners at her school in the hope of turning t [...]

Crowdfund InsiderNew Investment Crowdfunding Platform Launches in North Carolina as Full Stack Platform Including Intrastate NC ...Crowdfund InsiderUnder NC PACES, or “North Carolina Providing Access to Capital for Entrepreneurs and Small business Act,” crowdfunding legislation, issue [...]

ChronicleLiveNo need for banks as North East businesses turn to crowdfundingChronicleLiveCrowdfunding has developed a reputation for helping weird and wonderful projects become a reality. But while creative projects have utilised crowdfunding for some time, more and more North East bu [...]

Crowdfunding For French CastlesNPRYou too can own a French chateau, in part, anyway. Romain Delaume, CEO of Dartagnans, tells NPR's Scott Simon about a crowdfunding effort underway to preserve La Mothe-Chandeniers. SCOTT SIMON, HOST: What if I told you that for about $60, you cou [...]

TechCrunchFormer Gawker employees are crowdfunding an effort to buy Gawker.comTechCrunchWhile Univision acquired most of Gawker Media's sites last year (and renamed them as the Gizmodo Media Group), the deal didn't include Gawker itself. In fact, BuzzFeed reported last month [...]

CFB Finance

Marketwired

  • Crowdfunding
  • Crowdfund
  • Peer to Peer Lending
  • FinTech
  • Reg A+
  • Reg CF
  • Crowdfunding USA

Press Release

Live Crowdfunding .tv

What's Next Step in Regulation A+ JOBS ACTS Title IIII :L Interview : Steve Cinelli with Brian Korn Securities and Crowdfunding/Peer-to-Peer Lending Lawyer, Watch more video library | Conference | Interview | Campaign Showcase | Research | Education |