The real estate team here at Benzinga got together to select our favorite real estate investment idea from the pool of new offerings across the many crowdfunding platforms we track.
Our Top Pick for June 14, 2023
Today’s top pick is the Ridgeline View Townhomes featured on RealtyMogul. You can find the full offering PDF here and post-closing notice here.
Note: RealtyMogul’s platform is open to both accredited and non-accredited investors.
Click here to access this offering on the RealtyMogul platform
While the returns profile is quite attractive, the selling point of this deal is the market. This property is located in Vancouver, Washington, the largest suburb of the Portland-Vancouver-Hillsboro Metropolitan Statistical Area (MSA) by asset value. It features all the top attributes we look for in a real estate market - a great location, a growing population, rising employment with low unemployment, rising average household income, growing rents, and a low vacancy rate.
Vancouver is located across the Columbia River from Portland, Oregon, a ...
Full story available on Benzinga.com
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Our Top Pick for June 14, 2023
Today’s top pick is the Ridgeline View Townhomes featured on RealtyMogul. You can find the full offering PDF here and post-closing notice here.
Offering Snapshot:
- Property Type: Townhomes (Class A)
- Year Built: 2022
- Investment Strategy: Core Plus
- Investment Type: Equity
- Target Hold Period: 3 Years
- Estimated First Distribution: 11/2023
- Minimum Investment: $35,000
- Projected Returns - Net Investor (updated post-closing):
- IRR: 17.6%
- Multiple: 1.57x
- Cash-on-Cash (average): 7.6%
- Hypothetical Return on $50k investment:
- Year 1: $3,318
- Year 2: $3,927
- Year 3: $71,216 (anticipated exit)
- Offering available to Accredited investors only
Note: RealtyMogul’s platform is open to both accredited and non-accredited investors.
Click here to access this offering on the RealtyMogul platform
Why the Ridgeline View Townhomes?
While the returns profile is quite attractive, the selling point of this deal is the market. This property is located in Vancouver, Washington, the largest suburb of the Portland-Vancouver-Hillsboro Metropolitan Statistical Area (MSA) by asset value. It features all the top attributes we look for in a real estate market - a great location, a growing population, rising employment with low unemployment, rising average household income, growing rents, and a low vacancy rate.
Location
Vancouver is located across the Columbia River from Portland, Oregon, a ...
Full story available on Benzinga.com
Continue reading...