By Barbra Murray, Contributing Editor
It was in March 2013 when RealtyMogul.com completed its first transaction and now the online marketplace for real estate investing has recorded a major achievement by exceeding $150 million in real estate transactions from its long list of accredited and institutional investors.
It all adds up; the investments involve more than 265 properties with an aggregate value exceeding $600 million. In September, RealtyMogul.com raised $1.5 million of the $3.4 million in equity for joint venture partners Paladin Preferred Capital and Steve Bram’s acquisition of the 134-unit Villa France Apartments in Irving, Texas. And in August, the crowdfunding platform amassed more than $5 million to assist in the acquisitions of a hotel in Joplin, Mo., and another in Memphis, Tenn., in separate transactions sponsored by Conor Acquisitions.
RealtyMogul.com continues full speed ahead, reeling in interested parties with a diverse set of investment opportunities. Just last month, the company announced the raising of capital for a Mobile Home Park Fund, and another vehicle, a Single Family Residential Home Fund sponsored by Pintar Investment Co.
Reaching the $150 million mark is an impressive achievement 30 months in, but that’s just a small hint of what’s to come.
“RealtyMogul.com is laser focused on execution and will continue to build our brand, attract new accredited investors to our platform, recruit the best and brightest people to join our company, and continue to heavily invest in our technology to provide users a refreshingly delightful user experience,” Jilliene Helman, CEO, RealtyMogul.com, told Commercial Property Executive. “We remain steadfast in our mission to bring the $11 trillion commercial real estate market into the 21st century by streamlining the real estate investment process online and using big data for risk profiling.”