NEW YORK, March 8, 2016 /PRNewswire/ -- Acquire Real Estate, a leader in pre-funded real estate crowdfunding, today announced that its recent investment in the DoubleTree by Hilton DFW Airport is delivering on its targeted returns.
The crowdfunding project has met its projected Year 1 return rate of 17.5% for investors and is also on track to meet its 20-24% return rate over the lifetime of the investment.
"Dallas-Fort Worth is an excellent area for investment with its strong employment growth and skilled workforce," said Josh Klimkiewicz, President of Acquire Real Estate. "With these demographics, and the continued rate of growth in the hotel industry, we felt that the Doubletree by Hilton DFW would be a smart investment for our Members."
Accredited Investors are invited to join the Acquire platform at https://www.acquirerealestate.com/signup.
The 282-room, 8-story hotel is owned by The Buccini Pollin Group (BPG) and is located adjacent to the Dallas-Fort Worth Airport.
More than 15 individual investors invested in the crowdfunding project, which has benefitted from continued growth in the Dallas hotel market.
The DoubleTree by Hilton DFW Airport has also undergone new management and interior renovations, which are expected to further strengthen the crowdfunding investment's performance.
"The hotel's excellent location and positive cash flow made it a natural fit for the Acquire platform," added Klimkiewicz. "As the hospitality industry continues to perform well, we're seeing growing demand from investors for high-quality hotel opportunities like this."
Acquire Real Estate is one of the only real estate crowdfunding platforms to pre-fund its investment opportunities. Their platform features a collection of income-producing properties from top national sponsors that are first pre-screened and then pre-funded by Acquire. Unlike competing platforms, Acquire takes a unique approach in its role as equity investor, whereby it underwrites and invests in each property prior to offering it to its Members.
To learn more about Acquire Real Estate, visit https://www.acquirerealestate.com/.
About Acquire Real Estate: Acquire Real Estate provides public access to the real estate private placement business, bringing institutional-quality deals to the accredited investor. The New York firm uses its expertise and vast knowledge of the space to pool investors, and offer them access to quality commercial real estate deals. For more information, visit www.acquirerealestate.com.
SOURCE Acquire Real Estate