Mainstreet Sets Record in Direct Investment Initiative for Bloomington Medical Resort; Opens Additional Investment Opportunity
INDIANAPOLIS, May 19, 2014 /PRNewswire/ -- Mainstreet, the nation's largest and most innovative developer of short-stay rehabilitation facilities, through its subsidiary, MS Bloomington, LLC, has set a record in the U.S. by receiving commitments for $1.5 million in direct investment in less than one month to fund its new Bloomington Medical Resort. The record-setting response has led the company to open up a further investment opportunity of $300,000 for Bloomington.
Mainstreet offered accredited investors a unique and compelling opportunity to participate directly in the Bloomington development project and earn a targeted 14% annualized return. In partnership with CrowdStreet, investors have the opportunity to review the project and relevant information on a secure web site and commit capital directly to the project on-line.
"Today marks one month since we opened this investment opportunity and set ourselves out to be an industry leader in direct real estate investing," said Zeke Turner, Founder and CEO of Mainstreet. "We couldn't be more pleased with the rapid success of this fundraise. Because we believe there is additional interest in this opportunity, we are upsizing the offering to make a small amount of additional capacity available. We don't expect this to be available very long."
"Mainstreet's record-breaking success with their direct real estate funding campaign is a testament to their high-quality leadership team and overall business model," said Darren Powderly, co-founder, Crowdstreet. "They have been fully engaged in the process from day one and will remain wholly committed to their investors throughout the term of the deal. No other company in history has raised more money in less time for a direct investment real estate campaign of this nature than Mainstreet and CrowdStreet is honored to have played a role in their success."
The company is hosting a webinar this Wednesday, May 21st, for interested investors. For more information, visit www.buildmainstreet.com.
Indiana-based Mainstreet is the nation's most innovative developer of short-stay rehabilitation properties, known for acquiring and developing desirable, concierge-based health care properties. The company's industry-leading Next Generation® designs meet the demands of the Baby Boomer, creating communities with multiple social destinations, restaurant-style dining, spacious private rooms and baths, and therapy/wellness. Mainstreet was named to the Inc. 500/5000 list of fastest-growing companies in 2010, 2011 and 2012. For additional information, visit www.mainstreetinvestment.com.
CrowdStreet is a Crowdfunding platform connecting accredited investors with high-quality, professionally-managed investment real estate opportunities. Investors gain access to exclusive investment property opportunities and a dashboard where they can track their investments. Sponsors get a new source of capital for acquisition, recapitalization/refinance or redevelopment. For additional information, please visit www.crowdstreet.com.
This press release does not constitute an offer to sell these securities, nor will there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale is not permitted. Securities in MS Bloomington, LLC will only be available to persons who are "accredited investors" (as defined in the Securities Act of 1933, as amended) and who are interested in investing in MS Bloomington, LLC on their own behalf. Investors will be provided a subscription agreement and additional documentation, all of which should be read in their entirety. The purchase of the securities is highly speculative and involves a high degree of risk. No assurance is given by Mainstreet or MS Bloomington, LLC that investors will receive the targeted returns.
Contact: Kate Snedeker, Mainstreet