Realty Mogul Surpasses 300 Properties Funded

Real estate investment platform Realty Mogul announced this week that investors have funded more than 300 properties via its platform. The value of the 300 properties adds up to more than $2 billion.

“We are incredibly proud to share that we have now used crowdfunding to finance over 300 properties,” Jilliene Helman, RealtyMogul CEO told GlobeSt.com, which broke the news. “When I started RealtyMogul six years ago, there was a lot of questioning in the general real estate market about the potential impact of crowdfunding. I think this milestone proves that crowdfunding has become a viable source of funding transactions and also that digital investing is here to stay.”

Having 300 projects funded would be a notable achievement for a private equity firm, and is all the more impressive for a fintech. As Helman pointed out, “There are very few private equity firms in real estate that have financed 300 assets.”

Part of Realty Mogul’s strategy focuses on diversification. Sixty percent of the total properties were multi-family properties, many of which have 100 units or more. In fact, Realty Mogul has 17,383 units across its 300 properties, totaling almost 6 million commercial square feet.

Outlining the company’s plans for the future, Helman said, “Our goal is to continue to grow assets under management by investing in high quality commercial real estate where we like the risk-reward calculation.”

Founded in 2013, Realty Mogul has paid out $100 million to its 175,000 investors. The California-based company most recently demoed at FinovateSpring 2014.

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RealtyMogul Introduces New President Aaron Halfacre

Real estate crowdfunding platform RealtyMogul announced today that REIT industry veteran Aaron Halfacre will be joining the company as its new president.

“I am excited to be joining the RealtyMogul team and contributing to the continued success of the company,” Halfacre said in a statement. “I believe my industry experience across real estate and alternatives, debt and equity, retail and institutional, and both public and private markets is a perfect fit for RealtyMogul’s future.”

Halfacre (pictured) brings more than 20 years of experience in the investing industry, including five years as Head of Real Estate New Product Development for BlackRock. In addition to serving as Head of Strategic Relations for Cole Capital and Strategic Consultant for GMH Associates, Halfacre was also President and Chief Investment Officer for Campus Crest, a publicly traded student housing REIT. He has a BA in Accounting from College of Santa Fe and earned an MBA in Finance from the Jesse H. Jones Graduate School of Management at Rice University.

Jilliene Helman, RealtyMogul CEO praised Halfacre’s “stellar track record and incredible depth of real estate and capital market industry expertise.” She said, “We will benefit immensely from his experience, and I am confident he will help the company reach new heights.” Halfacre will be tasked with developing company-wide strategy as well as leveraging his direct oversight of capital markets activity to grow assets under management and real estate transaction volume.

The addition of Halfacre is only the latest executive acquisition from the Beverly Hills, California-based real estate crowdfunding platform. Earlier this month, the company announced that it had appointed interim Chief Investment Officer Chris Fraley as its official CIO. In December, the company hired Soley Van Lokeren as its first “Chief People Officer.”

RealtyMogul launched its second REIT offering, MogulREIT II, last fall, giving investors the opportunity to finance multi-family apartment communities. The company’s first REIT offering, MogulREIT I, was introduced in 2016. More than $318 million has been invested across RealtyMogul’s platform, with $70 million paid out to RealtyMogul’s 150,000 members. More than $1 billion in property value has been financed since inception.

Ranked in the top 100 of real estate crowdfunding sites by The Real Estate Crowdfunding Review, and the winner of a Gold Stevie Award for Company of the Year last November, RealtyMogul demonstrated its crowdfunding for real estate platform at FinovateSpring 2014. The company was founded in 2012 and has raised more than $46 million in funding. Sorenson Capital and Canaan Partners are among RealtyMogul’s investors.

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Realty Mogul Launches Second REIT, MogulREIT II

Just one year after celebrating the first anniversary of its first real estate investment trust (REIT), Realty Mogul has unveiled its second REIT offering: MogulREIT II. The trust will invest in multi-family apartment communities that have shown “consistently high occupancy and income levels across market cycles,” according to the company’s press release.

Calling multifamily housing “a great sector for investment,” Realty Mogul CEO and co-founder Jilliene Helman pointed to how consumers – especially millennials –  are shifting from buying a home to renting. She highlighted this generation’s preference for lifestyle flexibility, but added “we’re even seeing an emerging demand among baby boomers, who are moving back into city centers from their home in the suburbs.”

“The response to MogulREIT I overwhelmingly reinforced our view that retail investors are looking for a better way to invest in real estate,” Hrach Simonian, General Partner at Realty Mogul investor, Canaan Partners, said. “Multifamily is one of the most requested products by our customers and we have tailored this fund to that category.”

Founded in 2012 and headquartered in Los Angeles, California, Realty Mogul demonstrated its technology at FinovateSpring 2013. The company enables accredited, non-accredited, and institutional investors to invest in a variety of real estate properties through its secure, private, online platform. Investors can search and review investment opportunities on the platform, as well as examine due diligence information, and sign legal documents in a secure environment.

Finovate research analyst Julie Muhn profiled Realty Mogul in her look at Real Estate Investing Tech earlier this year, and interviewed CEO Helman in her feature “Why PropTech and MortgageTech Are the Future of Fintech.” Realty Mogul has raised more than $46 million in funding, and includes Sorenson Capital and Canaan Partners among its investors.

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