Investors crowdfunded approximately $3 million to help Brennan Investment Group acquire the properties in 2014
LOS ANGELES–RealtyMogul.com, a leading online marketplace for real estate investing, announced today the completion of two full-cycle equity transactions after the sales of the Cumberland Metro Office Park in Chicago, IL and the Jackson Industrial Park in Indianapolis, IN. The successful sale of the properties, sold to the same buyer by Chicago-based private real estate firm Brennan Investment Group, resulted in 20.2% and 33.5% internal rates of return to RealtyMogul.com investors, respectively.
“The outstanding returns from the Cumberland and Jackson deals once again prove the outcomes real estate investors can achieve through crowdfunding,” said Jilliene Helman, CEO of RealtyMogul.com. “Brennan Investment Group has been a great partner in helping us give our investors the opportunity to enjoy value creation through strategic repositioning of the two properties.”
Added Scott McKibben, Co-Founder and Chief Investment Officer for Brennan Investment Group: “Building on the success of these transactions, we will continue to maintain an active investment approach in the Midwest market, which has shown strong fundamentals and healthy growth. We hope to work with RealtyMogul.com and its investors again in the future.”
Cumberland Metro Office Park, comprising more than 160,000 square feet, was originally purchased in November 2014 for $18.5 million. It resold 26.5% higher for $23.4 million. Jackson Industrial Park, which spans 260,000 square feet, was purchased in August 2014 for $7.85 million and resold for $11.8 million – a 50.3% increase in value.
RealtyMogul.com investors contributed equity capital to help Brennan Investment Group finance both acquisitions. A total of 58 qualified investors participated in funding these two projects, with the understanding that every real estate investment carries risk and no real estate investment guarantees a return.
“As RealtyMogul.com continues to expand the market for crowdfunded real estate investing, we look forward to participating in more deals like these, which offer strong upside to our investors,” Helman added.
RealtyMogul.com is an online marketplace for real estate investing, giving individual investors real-time access to commercial real estate and professional real estate companies easier access to capital. Through crowdfunding, RealtyMogul.com gives investors tools to browse investments, do due diligence, invest online and have 24/7 access to an investor dashboard to watch how their investments are performing. RealtyMogul.com partners with professional real estate companies to source investment opportunities and curates all of the investments. For these real estate companies, RealtyMogul.com offers JV and preferred equity as well as mezzanine and first position debt. For more information, visit www.realtymogul.com.