SAN FRANCISCO, CA – Feb. 5 2018 – Today RealtyShares announced three commercial equity projects closed by the real estate investment marketplace platform totaling $6.4 million, which included:
- A medical office portfolio in the greater Atlanta area
- A hotel in Wilmington, DE with a repeat hospitality sponsor
- A grocery-anchored, in Lake Mary Pointe near Orlando, FL
RealtyShares deployed more than $400 million for projects across the country in 2017, and these three deals are emblematic of range and reach of commercial properties the company can share with its investors to finance.
Last year RealtyShares deployed more than $400 million across hundreds of debt and equity projects last year, a doubling of our volume over 2016. Providing fast and flexible financing solutions to sponsors for all types of properties in the U.S. has fueled our growth, and with $700 million financed for more than 1,000 projects in 39 states since inception, we’ve quickly become a leader in our industry.
Closing out 2017 were a trio of projects that exemplified the reach our platform. These three equity transactions along the East Coast included a hotel, a portfolio of medical offices and a grocery-anchored retail center. Combined, we raised more than $6.4 million in capital.
“These projects demonstrate RealtyShares’ capacity to finance commercial real estate across a range of property types and markets throughout the country,” said Bryan Schultz, Vice President of Equity Investments at RealtyShares. “This creates opportunities for investors to diversify their portfolios, which can potentially provide sustainable long-term growth. Diversification opportunities do not remove the risks associated with investing in real estate, but they can give investors more flexibility to find projects that match their investment objectives.”
The largest of the three is a $3.25 million preferred equity investment in the Peachtree Medical Office Portfolio in the greater Atlanta area. The opportunity includes three medical offices, with a total of 58,000 square feet of rentable space, currently leased at 78 percent capacity. The deal is sponsored by RG Real Estate, an owner and operator of commercial real estate with a focus on medical and professional office properties located in Atlanta.
“RG Real Estate chose to work with RealtyShares because we needed an equity partner with the sophistication, patience and flexibility to get this complicated transaction to the closing table,” said Jay Hammond, Vice President at RG Real Estate. “The team at RealtyShares worked with us to overcome obstacles including flipping a property and executing multiple leases during due diligence. The partnership that we’ve created has put us in an excellent position for an extremely successful investment.”
Adding to the company’s hospitality offerings, RealtyShares announced a $2 million equity investment in the DoubleTree by Hilton Hotel in Wilmington, Delaware. The deal is sponsored by The Buccini/Pollin Group (BPG), a real estate acquisition, development, and management company. This is their third project with RealtyShares, including a recent $2.4 million investment in the Sheraton DFW Airport Hotel. In 2017, 48 percent of all opportunities on RealtyShares came from repeat sponsors.
The third transaction announced is a $1.1 million investment in the Lake Mary Pointe retail center near Orlando, Florida. The property is anchored by a Publix supermarket and is in a high traffic area with limited grocery competition within a three-mile radius. The deal is sponsored by returning sponsor Unison Realty Partners, a private equity real estate firm specialized in acquiring, repositioning, redeveloping or otherwise improving community shopping centers.