Impact Housing REIT Makes Top 14 Non-Accredited Real Estate Crowdfunding Sites

Impact Housing REIT, LLC (ImpactHousing.com) made The Real Estate Crowdfunding Review’s 2017-2018 Top 14 Nonaccredited Real Estate Crowdfunding Sites, receiving Industry Honors for Most Experienced Sponsors, and Most Socially Conscious, the only award given in the category.

Note: The minimum for consideration are principals with $2B+ previous total real estate experience and $100m+ previous experience in current fund strategy and real estate asset.

In their full review, The Real Estate Crowdfunding Review states the team’s acquisition and transformation of “over $3 billion in multifamily properties since 2001 (either as principal or advisor), and raised approximately $260M from private investors” as well as its partnership with the “Healthy Apartment Property Initiative (HAPI) Foundation (http://www.hapiapt.org/), a 501C-3 non-profit, to provide free food and health and wellness programming, as well as fitness education and activities to kids and families living in its communities” as what earned Impact Housing its Industry Honors.

“On behalf of our entire team, we are thrilled to be named among the top 14 real estate crowdfunding companies for non-accredited investors and to be awarded not one but two very important Industry Honors by The Real Estate Crowdfunding Review. Their independent review and recognition of our strong track record and commitment to social good is extremely gratifying and encouraging. We look forward to continuing our capital raise and to delivering returns to both investors and residents in our future communities in the time ahead,” commented Eddie Lorin, Founder of Impact Housing REIT.

To view the investment offering including prospective acquisitions, visit https://invest.impacthousing.com/properties/impact-housing-reit/.

Disclaimer: Prior performance does not guaranty future results. An investment in Impact Housing REIT, LLC involves significant risks. For more information, see our Offering Circular.

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
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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.
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.