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

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