Seeking “high” returns? Check out this crowdfunded Colorado Cannabis Cafe.
We’re back with a comprehensive list of last week’s crowdfunding news- including some fascinating stories that you just might have missed.
This week, we’ll take a look at AcreTrader’s new guide to Timber and Timberland investing, as well as a New Offering from CrowdStreet, a 98%-Occ Multifamily Renovation Near Amazon HQ2. We will then go on to cover a Denver deal with “high” aspirations, the launch of Denver’s First Hotel With a Legally Licensed Lounge for Cannabis Consumption– which is being funded via a newly launched crowdfunding round.
We will also examine Modiv’s recently released financial results, and finish up with a podcast that covers real estate crowdfunding investor and operator Jeremy Roll’s take on current market conditions.
Let’s get into it.
New Crowdfunding Platform Deals
The world is seeing increased commodity prices across several sectors, from petroleum to grain, and yes, the timber we used to build our homes, craft our furniture, or even used to create stunning skyscrapers. Lumber prices peaked at a stunning $1,500 per thousand board feet in May 2021, before falling to roughly $865 per thousand board feet by the end of this quarter- which is still significantly higher than the historical average. On the heels of this development, AcreTrader recently announced that Timberland will be making its first appearance ever on the platform.
AcreTrader CEO Carter Malloy and Director of Timber Acquisitions, Mark Foley plan to host a webinar covering the new offerings. They’ll cover new opportunities on the platform, as well as expound on the numerous potential benefits of investing in timber, including its ability to outperform traditional assets and give investors lower volatility, consistent returns, and its ability to act as a powerful hedge against inflation. Sign up for the webinar on AcreTrader, here.
Next, we’re going to take a trip to the West Alexandria submarket in Virginia, where a new offering is in play- 101 North Ripley, a 189-unit multifamily property that sits just a few minutes from Amazon’s HQ2 and a short commute into the nation’s capital, Washington D.C. According to the deal’s veteran sponsor, Willow Creek Partners, this multifamily community is currently 98% occupied and boasts operational upside as a strong value-add play. Check it out on CrowdStreet, here.
General Crowdfunding Industry News
Denver takes its reputation as “The Mile High City” quite seriously, and it is no surprise that Denver’s First Hotel With a Legally Licensed Lounge for Cannabis Consumption is launching in the city. This novel property draws from Amsterdam’s world-famous coffee shops and will allow the legal on-site consumption of cannabis in a lively, bar-like atmosphere- aiming to tap into a growing market of cannabis consumers-including the millions of tourists that visit the state each year.
The firm behind the marijuana-themed property is 420 Hotels Inc., which recently launched an equity crowdfunding campaign on platform Republic.com. If you’re interested in the “high” potential returns offered by this deal, or you just want to learn more about what they’re doing up in Denver, head to Yahoo Finance, here.
Crowdfunding Platform Updates
Crowdfunding platform Modiv recently released its operating results for the first quarter ending March 31, 2022. The firm, which itself acquires, owns, and manages a portfolio of single-tenant net-lease real estate properties, reported a healthy 7% year-over-year increase in revenue, bringing its total revenue to $9.6 million.
The firm also declared monthly dividends per common share of $0.09583, which is equivalent to an annual rate of $1.15 per share. They also reported the acquisition of more than $133 million worth of properties at a blended weighted average cap rate of greater than 7.9%. Learn more at Benzinga, here.
Multimedia Links (Videos, Podcasts, etc.)
Finally, we’re going to finish with a look at a new podcast hosted on Listen Notes, Cashflow Pro. The episode, titled “Over 20 Years and 200 Deals Worth of Experience, Join Us for Jeremy Roll’s Take on the Current Market Conditions,” gets Jeremy Roll’s take on what we can expect to see in the near and mid-term in the real estate markets, with a focus on lingering COVID-19 effects and high inflation.
Roll is a large-scale real estate investor in more than 70 different opportunities and business opportunities with a total value of more than $1 billion. He also manages a group of more than 1,000 aligned investors who are seeking out passive and managed cash-flowing investments- including those in the real estate crowdfunding space. Give it a listen for yourself on Listen Notes, here.
That’s it for this week- but we’ll be back soon with all of your favorite crowdfunding news stories, platform updates, multimedia options, and more. See you then!
Get access to our FREE weekly newsletter exclusively covering the latest updates from the real estate crowdfunding world