Realty411 - Your Source for Real Estate Investment Information CashFlow Express - Featuring HGTV's Flip or Flop! | Page 10

Crowd
Funding
Comes
of Age
Realty Mogul
Funds Institutional
Quality Property

R

ealty Mogul, the online real estate
capital platform connecting accredited and institutional investors to real estate
investment opportunities, announced
today that it has successfully crowdfunded
the Lakeside at Town Center Apartment
complex in the Atlanta suburb of Marietta,
GA. Realty Mogul’s accredited investors contributed over $1.2 million through
its online crowdfunding platform to help
purchase a portion of the interest in this
apartment complex from Arenda Capital
Management, the project’s sponsor.
“This transaction involved our first

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CashFlow Express • Page 10

funding of a ‘Class A’ property, meaning one of the highest quality buildings
in the local market area,” said Jilliene
Helman, CEO of Realty Mogul. “These
properties are typically highly valued by
institutional investors, and it’s infrequent
that individual accredited investors are
able to participate in such opportunities.
We were proud to work on this transaction
with Arenda Capital Management, which
had earlier partnered with Loma Linda
University to purchase the property.”
Built in 2001, the property is a 358-unit
apartment community comprised of 14
garden-style apartment buildings along
with a clubhouse/leasing center, several
garage/storage buildings, swimming pool,
tennis court, playground, fitness center,
cyber café, and car wash facility. The
390,594 square foot property is already
at 95% occupancy and is located near the
huge Town Center Mall, a number of corporate office parks, and Kennesaw State
University, one of the fastest growing >
Continued on pg. 26