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In Blog, Eddie Lorin

Impact Insider: Meet Eddie Lorin, Impact Real Estate Investor and Entrepreneur

Last week we detailed the impressive track record of our Sponsor, Strategic Realty Holdings (SRH). This week we’re here to unveil the visionary and leader behind all that success – Eddie Lorin, its Founder.

Eddie is a 30-year real estate veteran, an expert in value-add multifamily, a proven social impact real estate investor and a champion of safe, affordable housing for all Americans. Since 2001, his team has successfully purchased and transformed more than $3 Billion worth of multifamily real estate (acting as either Principal or Advisor) amounting to more than 180 communities with approximately 40,000 apartment units nationwide.

Eddie, since a young age, has been a dreamer, a doer and a proponent of the underdog. As one of four boys raised by a single mother in Southern California, Eddie grew up with modest means in an apartment community not dissimilar from the neglected communities he now purchases and revitalizes. Eddie believes that affordable housing should not be a privilege for the wealthy, but rather a right for everyone. He made it his life mission to make safe, quality housing affordable and accessible to all Americans.

Longtime impact investors and philanthropists, Eddie and his lovely wife Jane founded Healthy Apartment Property Initiative (HAPI), a 501C3 non-profit in 2013 that “builds community through health” by bringing health-related education, fitness, gardening, and nutrition programs directly to the doorsteps of residents living in lower income apartment communities. Hapi offers efficient, low-cost, high-reward customized programming to cater to each specific community’s needs, whether it is a senior, toddler, or school age population. Hapi programming is a key ingredient in the performance of SRH and Impact Housing REIT’s properties and delivery of ‘triple bottom line’ returns to investors.

As an impact real estate expert, Eddie has featured on and interviewed by leading industry experts and media including Cashflow Ninja w/ M.C. Laubscher, Wealth Formula w/ Buck Joffrey, The Sure Investing Podcast, Michael Blank’s Apartment Building Investing Podcast, Best Ever Real Estate Investing Advice w/ Joe Fairless, Wheelbarrow Profits w/ Jake & Gino, Take a Knee w/ Adam Carolla, Flipping America, American Dream TV and more.

Eddie is a member of the Mission Investors Exchange, SOCAP, National Multifamily Housing Council, National Apartment Association, and Jewish Funders Network. Most recently, he became an Official Member of the Forbes Real Estate Council and will soon be a Contributor to Forbes.

Want to hear more from Eddie? Say hello anytime on LinkedIn or via email at elorin@strategicrh.com. He would love to hear from you.

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Impact Housing REIT, LLC.
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A reservation is not an investment. A reservation is non-binding and you will need to confirm your reservation when Impact Housing REIT, LLC offering is live to invest. By making a reservation, you are requesting an allocation in Impact Housing REIT's upcoming offering. A copy of the Preliminary Offering Circular may be obtained here. A reservation is non-binding and you may change the amount at any time. Reservations may be accepted in whole, or in part, or not at all by Impact Housing REIT. If granted, you will be asked to confirm your investment once Impact Housing REIT's offering has been qualified by applicable authorities and the fundraise has officially begun.
Disclaimer
Impact Housing REIT, LLC will invest in multifamily properties, income-producing real estate, a market that may produce returns that are different than the returns an investor could expect from other markets, including the stock market. Before our Sponsor receives anything, investors are entitled to a 7% annual return on their investment. Note: There is no guaranty that investors will receive any return on their investment, or get their capital back. In the last 5 years, the Sponsor has completed 28 projects (totaling 40 multifamily properties) which have achieved an average annual cash on cash return of 8.55% and an average project IRR of 24.74%. For more information about the Sponsor’s track record, see the Offering Circular, here. However, Impact Housing REIT, LLC is itself a newly formed company with no historical data of returns, and there is no assurance that it will achieve comparable success. The results that the Sponsor has achieved in the past do not guaranty that it will achieve similar results in the future. Like any investment, there is the potential to lose some or all of your investment. The ability to make distributions will depend on the availability of cash flow each quarter. There is no guarantee that we will be able to make a distribution in any given quarter. For a list of the most significant risks, click here.
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Under Contract: Maryland
* Highrise with spectacular views
* Twelve Floors, 143 Units
* Built in 1969
* Strong 96% Occupancy
* Naturally Occurring Affordable Housing
* RUBS / Water Conservation Potential
* Purchase Price: $7m to $8m
*Note that this property may or may not ultimately close escrow subject to due diligence and other various factors. Impact Housing REIT cannot guarantee that this specific property will end up being one of the multiple assets owned by the fund.
Target: Colorado Springs
* Mountain views
* Near commercial district
* 64 Units
* Built in 1967
* New roofs recently installed
* Units currently renting below market
* Purchase Price: $5m to $6m
*Note that this property may or may not ultimately close escrow subject to due diligence and other various factors. Impact Housing REIT cannot guarantee that this specific property will end up being one of the multiple assets owned by the fund.
Target: Mesquite, Texas
* Strong submarket: 96% Occupancy
* Located in suburb just outside of Dallas
* Multifamily, 190 Units
* Built in 1959 -1972
* New roofs recently installed
* Renting at 25% - 50% below market
* Purchase Price: $8m to $9m
*Note that this property may or may not ultimately close escrow subject to due diligence and other various factors. Impact Housing REIT cannot guarantee that this specific property will end up being one of the multiple assets owned by the fund.
Disclaimer
Impact Housing REIT investments are expected to be spread throughout the United States. The Manager expects Impact Housing REIT’s investment portfolio to consist of direct equity interests in individual properties. The Manager will generally target equity investments ranging from approximately $3 million to $10 million. Note that these properties may or may not ultimately close escrow subject to due diligence and other various factors. Impact Housing REIT cannot guarantee that these specific properties will end up being one of the multiple assets owned by the fund or that investors will receive any return on their investment, or get their capital back. In the last 5 years, the Sponsor has completed 28 projects (totaling 40 multifamily properties) which have achieved an average annual cash on cash return of 8.55% and an average project IRR of 24.74%. Past performance cannot guaranty future results. For information on our Sponsor’s track record, see the Offering Circular, here.