Online real estate investment marketplace RealtyMogul is launching its first crowdfunded commercial property, MogulREIT I.
Structured as a real estate investment trust the fund is open to almost all investors with a minimum investment of $2,500. RealtyMogul hopes to raise up to $50m to invest in a range of commercial real estate opportunities. It says the investments will only be made in cash-flow properties rather than land and ground-up developments.
“Through a flexible investment strategy, we can invest in both debt and equity as well as various property types and geographies, allowing us to be opportunistic,” said RealtyMogul CEO Jilliene Helman.
“We’re looking forward to executing against our twofold objective for the fund: providing investors with both consistent cash distributions and the opportunity to benefit from potential appreciation in property values.”
RealtyMogul has raised more than $45m to date from investors, most recently a $35m Series B haul in July.
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