Secure a piece of the most valuable asset, farmland, with this Medicine County, Minnesota corn and soybean farm
Welcome to the latest issue of The GowerCrowd Real Estate Crowdfunding Newsletter. This week, we’ll be looking at several new deals, including a 99%-Occ Value-Add Multifamily Targeting High Returns in Boston MSA at CrowdStreet, and a New Farm Offering Available On AcreTrader, the Wood Lake Farm.
We’ll also be highlighting several must-read real estate crowdfunding news stories, including StartupStarter’s recent announcement of the 2022 Equity Crowdfunding Week Annual International Entrepreneurship and Investment Conference and a look at real estate-focused fintech firm Nada’s recent Closing of an $8.1M Seed Round.
Moving on, we’ll look at the recent launch of the ‘Robinhood of real estate and two podcasts, one from Real Estate Marketing Masters Mix and another from The Real Estate Lowdown, both, of course, available on Listen Notes.
Let’s get into it.
New Crowdfunding Platform Deals
First up is the Wood Lake Farm, being offered on AcreTrader. This deal is for investment in a 193-acre corn and soybean farm that sits near the intersection of the Minnesota and Yellow Medicine Rivers in Yellow Medicine County, Minnesota. The farm itself is made up of 190 tillable acres in two adjacent parcels bisected by a public road. Read more about the Wood Lake Farm on AcreTrader, here.
Next up is Woodmont Commons, a 99%-Occ Value-Add Multifamily Targeting High Returns in the Boston MSA. This Class A multifamily property boasts ground floor retail and benefits from being in the Boston region while also seeing growth related to the zero personal income tax in New Hampshire. The deal has a target investor IRR of 20%, a targeted equity multiple of 1.7x, and a targeted average cash yield of 7%. Learn more on CrowdStreet, here.
General Crowdfunding Industry News
StartupStarter recently announced their 2nd Annual Flagship Conference and 2022 Equity Crowdfunding Awards Ceremony, a 3-day event that will shine a spotlight on some of the most dynamic companies in the real estate crowdfunding space. This year, the conference will focus on issuers that are in the process of actively raising capital and making moves to position the industry as a safe haven for retail investors in an increasingly stormy economic climate.
The 2022 Equity Crowdfunding Conference is happening in Los Angeles, California on September 21st – 23rd, 2022, at the Wisdome LA Immersive Art Park, 1147 Palmetto St, Los Angeles, CA. Read more at Crowdfund Insider, here.
Dallas-based real estate startup recently closed an $8.1 million seed round in its quest to democratize real estate. The firm’s “Cityfunds” initiative gives investors access to fractional ownership of owner-occupied single-family assets in cities across the South and Sun Belt, including Miami, Dallas, and Austin.
The seed round, led by Austin’s LiveOak Venture Partners, is to be used in order to scale its Cityfunds offering and create other investment products targeted at both accredited and non-accredited investors. Check out more details about this capital raise at Dallas Innovates, here.
Crowdfunding Platform Updates
Rhove, a real estate crowdfunding platform that bills itself as the “Robinhood of Real Estate,” recently went live. The firm has started circulating info sheets for fractional real estate investments starting as low as $1. Right now, the firm is seeking up to $40 million in investor capital to be used to acquire and manage value add opportunities, including a German Village Airbnb property in Columbus, Ohio.
Multimedia Links (Videos, Podcasts, etc.)
Finally, we’ve got a new podcast for your listening pleasure- because drive-time doesn’t have to be wasted time.
First up is Crowdfunding For Real Estate, a podcast that was released last week and published by the fine folks at Real Estate Marketing Masters Mix. In the episode, host Dave Kohl looks at reasons why businesspeople and investors should consider crowdfunding when seeking to raise funds for real estate investing. He also covers everything you need to start a successful campaign, including marketing strategies and content generated to solicit interest from prospective investors. Listen for yourself on Listen Notes, here.
That’s all for this week- but we’ll catch you next week with lots more news, new deals, platform updates, and more. See you then!
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