Realty Mogul Reaches $10 Million Dollar Crowdfunding Milestone
Accredited investors funded 27 properties in just nine months
BEVERLY HILLS, Calif., Dec. 30, 2013 /PRNewswire-iReach/ -- Realty Mogul (www.realtymogul.com), the marketplace that is changing the way people invest in traditionally inaccessible commercial real estate, has crowdfunded $10 million and acquired 27 properties valued at over $1 million since it was launched in March.
Realty Mogul allows investors to invest in real estate opportunities that were historically difficult to access. The Realty Mogul web platform enables investors to browse real estate investment opportunities, view transaction details, and sign legal documents online.
"Our early success confirms that people are frustrated with the low returns offered by banks and are looking for alternative ways to invest," said Jilliene Helman, Realty Mogul's co-founder and CEO. "We've made it easy to participate in real estate investing via the Internet by creating a fantastic user experience."
Helman said her company only invests in transactions with cash flow, setting it apart from other types of crowdfunding where you often have to wait several years to see a return. "Investors want a return," she said.
Realty Mogul investments to date include multi-family apartments buildings, retail shopping centers and the first-ever crowdfunded self-storage facility, a 168,540 square foot complex of 24 buildings in Fayetteville, North Carolina, that will be branded as StoreSmart®, one of the top operators in the U.S. according to Self Storage Magazine.
Helman predicts that the real estate sector of crowdfunding will continue to grow as more investors become aware that it is an option. "Crowdfunding is going to revolutionize capital formation in real estate," she said. "It is here to stay."
About Realty Mogul
Realty Mogul is crowdfunding for 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 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. For more information on how to become a passive real estate investor, please visit www.realtymogul.com.
Media Contact: Justin Hughes, Realty Mogul, (877) 977-2776, email@example.com
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SOURCE Realty Mogul
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