{"id":1004129853,"date":"2015-10-21T09:13:32","date_gmt":"2015-10-21T17:13:32","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004129853"},"modified":"2022-12-07T22:53:22","modified_gmt":"2022-12-08T06:53:22","slug":"new-regulation-a-securities-regime-has-promise","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/new-regulation-a-securities-regime-has-promise\/","title":{"rendered":"New Regulation A+ Securities Regime Has Promise"},"content":{"rendered":"<p><i>By Bryan Hancock, Managing Partner, RealStarter\u00a0<\/i><\/p>\n<p>Earlier this year The SEC published the final rules for Title IV of the JOBS Act, which is more colloquially referred to as Regulation A+.\u00a0 The new securities regime would allow promoters to raise money from investors nationwide and preempt the state merit review process under Tier II offerings.\u00a0 Real estate syndicators are also excited about the ability to issue securities to both accredited and non-accredited investors under these \u201cmini IPOs\u201d.\u00a0 Real estate funds would be the most likely benefactors under the new rules because of the lengthy filing period with The SEC.\u00a0 Investors could invest the smaller of 10 percent of their net worth or their income in a given offering, which would undoubtedly bring in a whole new class of investments from investors that were previously restricted to certain select types of offerings under the old Rule 506 offerings.<\/p>\n<p><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/10\/Bryan-Hancock-by-Frank-Portell.jpg\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004129854\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/new-regulation-a-securities-regime-has-promise\/headshot\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/10\/Bryan-Hancock-by-Frank-Portell.jpg\" data-orig-size=\"336,353\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Frank Portell&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;headshot&quot;,&quot;created_timestamp&quot;:&quot;1395844966&quot;,&quot;copyright&quot;:&quot;\\u00a9 Frank Portell (www.headshotpicture.com)&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;headshot&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"headshot\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;headshot&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/10\/Bryan-Hancock-by-Frank-Portell.jpg?w=336\" class=\"size-thumbnail wp-image-1004129854 alignright\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/10\/Bryan-Hancock-by-Frank-Portell.jpg\" alt=\"Bryan Hancock\" width=\"150\" height=\"150\" \/><\/a><\/p>\n<p>The State of Massachusetts and other states promptly filed suit in an attempt to stop promoters from using the exemption.\u00a0 I am told that the case is in oral arguments at this point.\u00a0 Our firm along with many others in the space are awaiting the full legal ruling before we invest the time, energy, and money to file under the new rules.<\/p>\n<p>Depending on which statistics you use the current market for investors in private offerings is somewhere in the 3-7 percent range of all citizens.\u00a0 To achieve the accreditation threshold, investors have to either have $1M in net worth excluding their personal residence or $200,000 in income in the last two years (or $300,000 with his\/her spouse) with a reasonable expectation of the same this year.\u00a0 If you include the other 93 percent+ of investors that don\u2019t meet these thresholds and allow promoters to use a single exemption to bypass all state registrations, you have the formula for significant capital formation where it was previously constrained through securities laws that predated social media and the Internet.<\/p>\n<p>Provided the case between the states and The SEC is resolved and the rules are allowed to stand, you should expect to see a significant change in the way capital forms in the real estate industry going forward.\u00a0 Title II was embraced in real estate more than any other industry and Regulation A+ is likely to see similar adoption patterns with real estate funding platform operators leading the way to open investments to participants previously unable to invest in these types of offerings.\u00a0 Expect to see the typical $5,000 minimum investment continue to decline, as well as time wears on under the new regime.\u00a0 Minimum investments of $1,000 or lower are likely given how the rules of Regulation A+ are structured.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Bryan Hancock, Managing Partner, RealStarter: Learn the ins and outs behind the final rules for Title IV of the JOBS Act.<\/p>\n","protected":false},"author":993,"featured_media":1004129854,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[37301],"tags":[],"class_list":["post-1004129853","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>New Regulation A+ Securities Regime Has Promise - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/new-regulation-a-securities-regime-has-promise\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New Regulation A+ Securities Regime Has Promise\" \/>\n<meta property=\"og:description\" content=\"By Bryan Hancock, Managing Partner, RealStarter: Learn the ins and outs behind the final rules for Title IV of the JOBS Act.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/new-regulation-a-securities-regime-has-promise\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2015-10-21T17:13:32+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T06:53:22+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/10\/Bryan-Hancock-by-Frank-Portell.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"336\" \/>\n\t<meta property=\"og:image:height\" content=\"353\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Bryan Hancock\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/new-regulation-a-securities-regime-has-promise\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/new-regulation-a-securities-regime-has-promise\/\",\"name\":\"New Regulation A+ Securities Regime Has Promise - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/new-regulation-a-securities-regime-has-promise\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/new-regulation-a-securities-regime-has-promise\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/10\/Bryan-Hancock-by-Frank-Portell.jpg\",\"datePublished\":\"2015-10-21T17:13:32+00:00\",\"dateModified\":\"2022-12-08T06:53:22+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/ebe8e9cbfd7890aca14dc98d9c5dfb0c\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/new-regulation-a-securities-regime-has-promise\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/new-regulation-a-securities-regime-has-promise\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/new-regulation-a-securities-regime-has-promise\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/10\/Bryan-Hancock-by-Frank-Portell.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/10\/Bryan-Hancock-by-Frank-Portell.jpg\",\"width\":336,\"height\":353,\"caption\":\"headshot\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/new-regulation-a-securities-regime-has-promise\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"New Regulation A+ Securities Regime Has Promise\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/ebe8e9cbfd7890aca14dc98d9c5dfb0c\",\"name\":\"Bryan Hancock\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/a4f1a7aeef97320f37251379483bdda7ea93db6adc8751c81e7807ce60ce7bf4?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/a4f1a7aeef97320f37251379483bdda7ea93db6adc8751c81e7807ce60ce7bf4?s=96&d=mm&r=g\",\"caption\":\"Bryan Hancock\"},\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/bryanhancock\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"New Regulation A+ Securities Regime Has Promise - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/new-regulation-a-securities-regime-has-promise\/","og_locale":"en_US","og_type":"article","og_title":"New Regulation A+ Securities Regime Has Promise","og_description":"By Bryan Hancock, Managing Partner, RealStarter: Learn the ins and outs behind the final rules for Title IV of the JOBS Act.","og_url":"https:\/\/www.commercialsearch.com\/news\/new-regulation-a-securities-regime-has-promise\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2015-10-21T17:13:32+00:00","article_modified_time":"2022-12-08T06:53:22+00:00","og_image":[{"width":336,"height":353,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/10\/Bryan-Hancock-by-Frank-Portell.jpg","type":"image\/jpeg"}],"author":"Bryan Hancock","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/new-regulation-a-securities-regime-has-promise\/","url":"https:\/\/www.commercialsearch.com\/news\/new-regulation-a-securities-regime-has-promise\/","name":"New Regulation A+ Securities Regime Has Promise - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/new-regulation-a-securities-regime-has-promise\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/new-regulation-a-securities-regime-has-promise\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/10\/Bryan-Hancock-by-Frank-Portell.jpg","datePublished":"2015-10-21T17:13:32+00:00","dateModified":"2022-12-08T06:53:22+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/ebe8e9cbfd7890aca14dc98d9c5dfb0c"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/new-regulation-a-securities-regime-has-promise\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/new-regulation-a-securities-regime-has-promise\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/new-regulation-a-securities-regime-has-promise\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/10\/Bryan-Hancock-by-Frank-Portell.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/10\/Bryan-Hancock-by-Frank-Portell.jpg","width":336,"height":353,"caption":"headshot"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/new-regulation-a-securities-regime-has-promise\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"New Regulation A+ Securities Regime Has Promise"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/ebe8e9cbfd7890aca14dc98d9c5dfb0c","name":"Bryan Hancock","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/a4f1a7aeef97320f37251379483bdda7ea93db6adc8751c81e7807ce60ce7bf4?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/a4f1a7aeef97320f37251379483bdda7ea93db6adc8751c81e7807ce60ce7bf4?s=96&d=mm&r=g","caption":"Bryan Hancock"},"url":"https:\/\/www.commercialsearch.com\/news\/author\/bryanhancock\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/10\/Bryan-Hancock-by-Frank-Portell.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004129853","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/993"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004129853"}],"version-history":[{"count":1,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004129853\/revisions"}],"predecessor-version":[{"id":1004624806,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004129853\/revisions\/1004624806"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004129854"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004129853"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004129853"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004129853"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}