Realty Mogul Expands: Closes Transactions in Kansas and Tennessee; Shares that Texas is Next

in Press Releases

Beverly Hills, CA  – August 2, 2013Realty Mogul announced today that it has expanded into both Kansas and Tennessee and become the first crowdfunding for real estate company to be active in four separate markets.  Founder and CEO, Jilliene Helman, remarks “We’re incredibly proud to be trailblazing in the crowdfunding industry and I am grateful to our team for being able to get four markets off the ground in just four months.”

When asked why those markets specifically, Helman shared, “We like the fundamentals in the markets where we are investing.  Prior to this expansion, we were in California and Washington State, both very strong markets.  Before deciding to invest in Tennessee, specifically Memphis, we analyzed a variety of markets and chose Memphis due to strong economic indicators including rent to price ratios, affordability index, lack of volatility in the economic downturn and job growth.” 

As for Kansas, Helman remarked that the company had the opportunity to invest alongside one of the largest commercial real estate companies in Kansas, with over $3 billion in transactions across the principals, an opportunity “too good to pass up”.  The transaction that was closed in Kansas was a 72-unit apartment building in Ogden, Kansas on the outskirts of the Fort Riley army base.

As for future plans, Realty Mogul wants to maintain its status as the largest crowdfunding company for real estate and the next state it is tackling is Texas.  With job growth, population growth and opportunities in real estate, it’s a logical next step for the company who is taking on this new industry, crowdfunding for real estate.

About Realty Mogul

Realty Mogul is crowdfunding for real estate, a marketplace for accredited investors to pool money online and buy shares of real property like office buildings, apartment buildings and retail centers.  Realty Mogul 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.  Realty Mogul partners with private real estate companies to source quality deal flow and curates all the investments.  For these real estate companies, they have access to a broader capital pool and tools to do investor reporting, investor communication and distributions. 

Contact:
Justin Hughes
Co-Founder
justin@realtymogul.com
(877)-977-2776 ext. 700

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