Realty Mogul Named "Start-Up to Watch" at Digerati Awards in Beverly Hills
Company honored for crowdfunding $85 million worth of properties in its first year
BEVERLY HILLS, Calif., Feb. 26, 2014 /PRNewswire-iReach/ -- Realty Mogul announced today that it had been named a "Start-Up to Watch" for 2014 at Digital LA's Digerati Awards, an event recognizing "digital" leaders in the Los Angeles area. Digital LA is the founder of Silicon Beach Fest, a biannual start-up entertainment conference.
In addition to Realty Mogul, the event honored several significant start-up companies in the Los Angeles area, including SnapChat, DreamWorks Animation, and a host of start-up companies that have helped make the Los Angeles area a hotbed of entrepreneurial talent in a wide variety of fields.
"We're truly honored to be included in such a prestigious group," said Jay Samit, Realty Mogul's Executive Chairman, who accepted the award on behalf of the company. "The Digerati honorees include developers of social media ad networks, transmedia web series, video games, and virtual reality goggles. We at Realty Mogul do like to think that we've driven some change in the real estate industry by enabling accredited investors to participate in larger real estate syndications to which they wouldn't have previously had access. Nevertheless, this honor was quite unexpected, and really I'm just grateful to all of our investors and industry partners who have thus far helped contribute to our success."
Realty Mogul is a real estate crowdfunding company that has thus far limited participation in its platform to accredited investors – persons who earn $200,000 or more annually or have a net worth over $1 million. The site is a national leader in the commercial real estate financing sector and has underwritten over $1 billion worth of private real estate transactions. Properties crowdfunded by Realty Mogul include shopping centers, apartment buildings and self-storage facilities.
"Honors like the Digerati Awards certainly assist in our efforts to increase investor awareness of our platform and to continue to bring high-quality project sponsors to the site," said Samit. "We believe that our online accredited crowdfunding model fills a very real need both for project sponsors searching for new financing sources and for investors who may not have previously had access to these sorts of commercial and residential real estate opportunities. We accept this honor as at least some affirmation that our technology and approach really is making a difference to the industry."
About Realty Mogul
Realty Mogul is crowdfunding for commercial real estate, a marketplace for accredited investors to pool money online and buy shares of real property like office buildings, apartment buildings and retail centers. Realty Mogul gives thousands of 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.
Media Contact: Justin Hughes, Realty Mogul, (424) 249-3497, email@example.com
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SOURCE Realty Mogul
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