Impact Housing REIT Launches $35M Real Estate Crowdfunding Opportunity

New opportunity is focused on solving the housing crisis in America. CrowdStreet, a leading real estate investment technology provider, is powering the online investment offering and providing access to their existing network of accredited and unaccredited investors.

Los Angeles – September 20, 2017 – Impact Housing REIT, LLC (ImpactHousing.com), a new apartment real estate investment trust led by Edward (“Eddie”) P. Lorin, a 30-year multifamily real estate veteran, is pleased to announce that its $35 million direct public offering under Regulation A+ has been qualified by the Securities and Exchange Commission (SEC) and is now open for investment. All investors – accredited and unaccredited, domestic and international – can invest directly in Impact Housing REIT Series A equity round for as little as $1,000. To read more and/or get started with an investment, click here.

Poor housing conditions due to a rising economy, extreme weather conditions, and poverty is effecting our health, quality of life, and country, as a whole. Impact Housing is the first REIT in the country using the new equity crowdfunding laws to focus on America’s housing crisis, specifically on creating affordable, livable, distinctive multifamily communities for America’s working people and their families. Click here to watch the Impact Housing video.

Employing a strategy that Mr. Lorin has refined over decades, Impact Housing plans to buy neglected, poorly managed apartment buildings throughout the U.S., and transform them into thriving, healthy, family-oriented communities. Upgrades typically include new amenities, refreshed and upgraded interiors, resort style pools, playgrounds, state-of-the-art fitness centers, BBQs, dog parks, community gardens and open space social areas. Click here to view our Property Gallery.

In addition, Impact Housing is partnered with the HAPI Foundation (Healthy Apartment Property Initiative), a 501(c)(3) organization, and together, provide FREE afterschool programming (including a free healthy meal when possible), health and wellness education to the resident children and their families. To see our impact with HAPI, click here.

Eddie Lorin, Founder of Impact Housing REIT, commented, “In my 30+ years of experience in multifamily real estate, upgrading neglected properties and turning them into thriving communities has proven to enhance residents’ lives, increase retention and referrals, and reduce vacancy. When you give people a nice home and community that’s affordable, they tend to be happier. They stay, pay and refer their friends. This goes directly to our bottom line and has allowed us to deliver to our investors not only a good financial return, but also a good social return. It’s a win-win.”

The technology enabling this online investment offering is backed by CrowdStreet, a leading provider of real estate fundraising and investor management solutions. In addition, CrowdStreet is providing its established network of over 25,000 investors the ability to directly invest in Impact Housing REIT using the CrowdStreet Marketplace at https://www.crowdstreet.com. Impact Housing REIT marks the second real estate investment opportunity open to CrowdStreet’s entire network of investors, both accredited and unaccredited.

Impact Housing REIT is not your typical startup. Prior to launching Impact Housing REIT, Eddie’s team, acting as either Principal or Advisor, has transformed over 40,000 apartment units into safe, quality homes for hard-working individuals and families. Their prior portfolios consistently demonstrated “full” occupancy levels. By implementing value-add improvement plans, the team has achieved, on average, 95% stabilized occupancy upon completion of renovations on new acquisitions, and attribute success to a variety of factors including and most notably, strong local relationships with real estate brokers, servicers, lenders, and property managers.

CAUTION: PRIOR PERFORMANCE DOES NOT GUARANTY FUTURE RESULTS.

AN INVESTMENT IN IMPACT HOUSING REIT, LLC INVOLVES SIGNIFICANT RISKS.

FOR MORE INFORMATION, SEE OUR OFFERING CIRCULAR.

Lorin added, “The ability for Impact Housing to utilize new crowdfunding laws to circumvent the middleman and bring more efficient financial returns directly to everyone, regardless of income level or wealth, is remarkable to say the least. The more money raised through the Impact Housing REIT offering, the more we can meet the shortage of decent workforce housing that’s affordable in our country and deliver market rate returns to our investors.

We are thrilled to partner with CrowdStreet in this initiative. CrowdStreet’s technology platform provides us with the confidence needed to both fundraise online at scale, and then effectively and efficiently manage the investors for the duration of their investment. The unique ability to solicit new investors, transact offers, and efficiently manage hundreds of subscribed investors, all using a single platform, makes CrowdStreet an essential part of this Regulation A offering.”

Tore Steen, CEO of CrowdStreet, commented “We’re excited to partner with Impact Housing on the launch of the Impact Housing REIT offering, and expand the availability of social-responsible investments to investors of all types. We look forward to making this investment offering visible, accessible, and actionable to more than 100 million eligible U.S. investors.”

To learn more and take part in Impact Housing REIT investment offering please visit https://invest.impacthousing.com/.

 

About CrowdStreet

CrowdStreet is a leading real estate investing technology provider that is transforming fundraising by providing CRE firms a scalable platform for growing and managing a large investor-base. CrowdStreet’s platform enables online fundraising at scale, and also extends beyond the funding of a deal, cultivating and growing lifetime value for CRE firms through the building, managing and expanding of ongoing investor relationships. For additional information, please visit www.crowdstreet.com.

About Impact Housing REIT, LLC

Impact Housing REIT, LLC is a company newly founded by Edward (“Eddie”) P. Lorin, a 30-year multifamily real estate veteran, focusing primarily on value-add and/or under-performing multifamily properties nationwide. Since 2001, the Impact Housing management team, has participated, as Principal or Advisor, in the purchase and transformation of more than $3 Billion worth of multifamily real estate amounting to more than 180 communities with approximately 40,000 apartment units nationwide. For more information on Impact Housing REIT, visit: www.ImpactHousing.com, watch our video, like us on Facebook, follow us on LinkedIn and Twitter at @theGOODREIT.

 

 

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Impact Housing REIT, LLC.
$1,000
Minimum
Quarterly
Dividend
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.
Prospective Acquisition #3: Las Vegas
* Highrise with spectacular views
* 117 Units
* Built in 1975
* First time being sold
* Purchase Price: $15m to $16m
* AirBnb Potential
*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.
Property #2: Colorado Springs
* Mountain views
* Near commercial district
* 64 Units
* Built in 1967
* New roofs recently installed
* Purchase Price: $5m to $6m
* Units currently renting below market
*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.
Property #1: Mesquite, Texas
* Strong submarket: 96% Occupancy
* Located in suburb just outside of Dallas
* Multifamily, 190 Units
* Built in 1959 -1972
* New roofs recently installed
* Purchase Price: $8m to $9m
* Renting at 25% - 50% below market
*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.
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.