Property Acquired for $11.9 Million Through Partnership with Comunidad Realty Partners
LOS ANGELES–(BUSINESS WIRE)
RealtyMogul, a pioneer in providing private real estate to discerning investors, announced that it has completed an investment in a $11.9 million multifamily apartment portfolio in Plano, Texas, consisting of 156 units.
The property was acquired through a partnership with Comunidad Realty Partners, a dynamic real estate investment firm specializing in multifamily apartment communities in densely-populated Hispanic neighborhoods. Comunidad reports to have owned and managed over $600 million in multifamily assets overall, comprised of approximately 8,200 units. RealtyMogul has invested with Comunidad Realty Partners on five previous transactions.
“We are pleased to have closed this Plano Portfolio deal with Comunidad Realty Partners, who has extensive experience with the asset class and region,” said Jilliene Helman, CEO & Co-Founder of RealtyMogul. “I’ve personally known Antonio Marquez, the Principal of Comunidad Realty Partners, for the past four years, and continue to be impressed by their professionalism and ability to execute a unique business plan.”
The Plano Multifamily Portfolio was offered to RealtyMogul’s accredited investors as an individual deal, as well as its non-accredited investors via MogulREIT II, its real estate investment trust, or “REIT.” RealtyMogul was the first online real estate investing company to offer a sidecar investment opportunity and continues to source deals that cater to its member base, who have diverse goals and investment strategies.
RealtyMogul is a unique commercial real estate private markets investing platform that provides discerning investors exclusive access to thoroughly vetted opportunities, rigorous underwriting, and high-touch customer service through licensed investment professionals. We strive to build wealth through sound principles and data insights, serving real people who want a smart alternative investing strategy.
We offer capital financing opportunities to qualified real estate companies, and through our rigorous vetting we’re able to hand-select opportunities for our discerning investors. RealtyMogul offers securities through North Capital Private Securities Corporation, member FINRA/SIPC.
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