Led by Strategic Realty Holdings (SRH) and Eddie Lorin, the veterans in multi-family real estate acquisition and transformation, Impact Housing is raising capital to fund the purchase and transformation of neglected apartment buildings spread across the country. For the first time ever, their team is inviting everyone to invest online and alongside their team. By going direct to investors through ImpactHousing.com, the REIT aims decrease middleman costs and increase returns for investors.
Our top priority is to have happy residents, who stay and pay (and refer their friends). By breathing new life into neglected multifamily properties through interior and exterior enhancements, we are able to do just that — which in turn, maximizes return for our investors.
The positive impact our property and community improvements have on those living in our communities helps build resident satisfaction and retention. It’s a true symbiotic relationship. See for yourself.
We re-brand and improve properties by updating entryways, leasing offices, fitness centers, pools and common areas; installing new fixtures, energy saving appliances and flooring within units; and creating more open spaces and community gathering areas such as playgrounds, walking paths, gardens, clubhouses, BBQ areas and dog parks if the site allows.
On a quarterly basis, if we have profits (primarily in the form of rent payments received, after expenses) and there is no guaranty, we plan to distribute it in the following order of priority:
First, Investors will receive all the operating cash flow until they have received a 7% cumulative, non-compounded annual return on their invested capital.
Second, if any remaining operating cash flow exists, Investors will receive 65% on a pro rata basis, and the Manager will receive 35%.