Acquire Real Estate Completes Crowdfunding at Pompano Marketplace in Pompano Beach, Florida
Investors Projected to Receive +7.5% Average Annual Returns
NEW YORK, Dec. 9, 2015 /PRNewswire/ -- Acquire Real Estate, a leading real estate crowd investing platform, recently partnered with Katz Properties to provide an investment opportunity in Pompano Marketplace, a 238,800 SF fully occupied retail center located in Pompano Beach, Florida.
The crowd investing project closed quickly, attracting more than 15 Accredited Investors from across the U.S. that contributed between $10,000 and $125,000 in investments.
Acquire Real Estate pre-funded a $369,000 investment in the property, a $52-million retail center fully occupied by Wal-Mart Neighborhood Market, Stein Mart, Beall's Outlet Store and Ross Dress for Less. Investors are projected to receive average annual returns of approximately 7.5% paid quarterly over a 5- to 10-year term.
"Acquire pursues stable, income-producing investment opportunities managed by top national Sponsors," said Steven Bettinger, CEO of Acquire Real Estate. "In Pompano Marketplace we found exactly that, and were able to offer a new and rewarding investment opportunity to our Members."
Katz Properties, a full-service real estate investment company, purchased the property in March of 2015 for $46.8 million.
Pompano Marketplace is a popular shopping center located along Florida's South Federal Highway. Investors were drawn to its strong mix of anchor, restaurant and shop tenants as well as its location in a highly developed market. Anchor tenant Wal-Mart achieves over $35 million in sales at the property each year, making Pompano Marketplace one of the strongest-performing shopping centers in the region.
Acquire has a long record of crowdfunding success with strong-performing retail centers including Sunshine Plaza in Tamarac, Florida and Middlebury Commons in Middlebury, Vermont. The company is also offering an investment opportunity in Randhurst Village, a Class A lifestyle center located in Mount Prospect, Illinois which is currently one of the largest crowd investing projects in the U.S.
Acquire's platform features a collection of income-producing properties from top sponsors that are first pre-screened and then pre-funded by Acquire. By pre-funding its share of deals with its own capital, Acquire ensures that all interests are aligned and eliminates funding risk to its Sponsors.
To learn more about Acquire Real Estate, visit
www.AcquireRealEstate.com.
SOURCE Acquire Real Estate
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