Malcolm in the Middle got rich with parking lots- can you?
I’m back with a wealth of real estate crowdfunding news- a particularly valuable commodity when you’ve got extraordinary uncertainty floating around in the real estate markets.This week, we’ve got several new deals, including a new parking lot project from Sunrise Capital and an Illinois investment opportunity from Ignite Funding.
In general news and platform updates, we’re going to look at Motley Fool’s recently released report on the state of the REIT space, which is full of insights and knowledge that is incredibly relevant to the real estate crowdfunding space.
We’ll also look at the launch of Neighborhood Ventures NV REIT, which is now open to non-accredited commercial investors, our weekly SEC Filing Report Update, and a real estate crowdfunding-oriented podcast from “Adventures in Mobile Homes with Rachel Hernandez.”
Let’s get into it.
New Crowdfunding Platform Deals
Star of Fox’s “Malcolm in the Middle,” Frankie Muniz, who played the eponymous Malcolm beside Breaking Bad star Bryan Cranston famously made a fortune in LA parking lots after retiring from the show. But you don’t have to be a hit TV star to get in on the parking lot opportunities.
On Tuesday, Feb 7th, Sunrise Capital Investors are holding a webinar entitled “Learn Why Parking Facilities Are 2023’s “Best Kept Secret.” This webinar will go into detail about how you can generate cash flow and hedge against inflation with the awesome power of parking lots. Register for the webinar, here.
Up next is a 121,800 square foot shopping center in Rockford, IL. The ten-acre site is currently almost 100% vacant, after the major grocery store anchor tenant vacated in late 2021. The finished replacement cost of the property is north of $11 million, which makes the current loan amount of $6.5 million (split amongst investors) a relative steal. Check out the Rhino Holdings Brynwood in Illinois, here.
General Crowdfunding Industry News
Motley Fool recently released a report on the state of the REIT space. In it, they discuss several items of vital importance to real estate investors, and those invested in private equity and regulation crowdfunding deals. They look at how REITs differ from stocks during market downturns, publicly traded vs. private REITs, ways that investors can spot a yield trap, and a look at REITs that are poised to benefit from e-commerce trends. You can read a transcript of the report, or listen to it in podcast form on the Motley Fool website, here.
Crowdfunding Platform Updates
SEC Filings Graphs
Let’s look at some of the data compiled by my team. We’re in Week 4 of our Crowdfunding SEC Filing Report, and we’ve some interesting data to share.
We saw a major decline in Reg D(b) deals, which dropped from 37 new deals in Week 3 to 18 deals in Week 4. Reg D(c) deals also slid lower, with 7 deals last week compared to 9 in Week 3 and 10 in Week 2. The total amount raised for Reg D(b) and Reg D(c) fell by more than half, coming in at $0.19B this week compared to $0.40 last week. See the data and trends for yourself, including dollar values, top five states by number of deals, top five states by dollars raised, and more, here.
Multimedia Links (Videos, Podcasts, etc.)
As is custom, we’ll finish things off with a new podcast. Mobile home parks have been garnering a lot of attention in recent years, as they represent one of the last bastions of truly affordable housing in the United States, with workforce housing developers and other lower income oriented housing firms scaling back or ceasing operations in that field entirely.
The rising cost of labor, local laws oriented against housing stock growth, and the specter of the housing we did not build after the 2008 crash all loom large above our current affordability crisis- and the people caught in the middle. While the sector has gotten some bad press, other investors see the opportunity to do good by doing well with syndicated investments in mobile homes.
This week’s podcast, #64: Real Estate Syndications and Passive Income Investing on the Adventures in Mobile Homes podcast, hosted by Rachel Hernandez, goes into major detail about real estate syndication, how it works, asset classes involved, passive vs. active real estate investing, and more. Listen for yourself, here
That’s it for now! But we’ll see you soon with all of your favorite real estate crowdfunding news stories, new deals, platform updates, GowerCrowd-only data, podcasts, and more. Ciao!
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