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How You Can Help Fix Affordable Housing in America

Let’s fix affordable housing in America together. Every day across country, individuals and families are looking for clean, safe houses and apartments that are affordable, a term the U.S. Department of Housing and Urban Development defines as “housing for which the occupant(s) is/are paying no more than 30 percent of his or her income for gross housing costs, including utilities.”

Homes that are affordable are a necessary and tangible asset for any adult or family to survive and thrive, but there simply aren’t enough of them to go around. So what can we do to help fix affordable housing in America?

Our Founder, Eddie Lorin, affordable housing preservationist, impact investor, and an Official Member of the Forbes Real Estate Council, explains to Forbes readers some ways we can help, and potentially earn financial returns along the way.

Go to Forbes Article –>>

 

Old Dawg’s REI Network Podcast: Investing in Affordable Housing with Eddie Lorin

Eddie Lorin joins Bill Manassero to talk investing in Affordable Housing with the Old Dawg’s REI Network Podcast on Episode 203. Listen to learn about Impact Investing (see blog post: What is Impact Investing?), what’s in it for investors who opt to do Impact Investing, how to invest in doing well by doing good without sacrificing sufficient financial returns, what are practical things real estate investors can do to help solve the housing crisis in this US, what is Naturally Occurring Affordable Housing (NOAH), how to cost-effectively transform neglected properties into safe, attractive, affordable places for low- and middle-income Americans to live, tips for inexpensively adding value to distressed property for maximum profit and understanding what the “Art of Real Estate Investing” is and more.

The Old Dawg’s REI Network was founded by Bill Manassero — a real estate investor who is using his business to create ample cash flow for his retirement, help support his nonprofit mission in Haiti and to create a legacy for his children.

The purpose of the Old Dawg’s web site, blog, newsletter and podcast is to provide valuable information and resources for others who seek real estate investing as their means to fund their retirement years.

Listen Now->>

Show Notes->>

Real Estate Investing for Cash Flow with Kevin Bupp: Building a Highly Successful Value-Add Syndication Business with a Socially Conscious Focus

Eddie Lorin sits down with real estate expert and serial entrepreneur, Kevin Bupp on his podcast Real Estate Investing for Cash Flow Episode #180 Highly Successful Value-Add Syndication Business with a Socially Conscious Focus.

Listen to learn about how Eddie is doing things differently with Impact Housing REIT, how value-add upgrades and free onsite social and wellness programming keeps residents happy and healthy (See Our Impact), how he’s preparing for the next generation and his plans for the $2 million renovation and management of the REIT’s first multifamily asset, a 143 unit “Naturally Occurring Affordable Housing” highrise in Silver Spring, Maryland (see Portfolio).

Eddie’s last golden nugget of advice: Never give up.

 

Listen Now ->>

Visit Website ->>

 

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.

Impact Insider: Track Record Matters, See How SRH Performed

In the world of investing, managing investor capital is a BIG deal. Whether you’re deploying dollars across several investments, asset classes or just one, it’s important to know who you’re investing with and what they’ve done in the past. The team behind Impact Housing REIT is our Sponsor, SRH or Strategic Realty Holdings.

Here at SRH, we talk a lot about ‘transforming’ communities. Over the past decade, our team has acquired and transformed 72 communities across the country.

So what does that mean, exactly?

To our residents, it means fresh paint, new signage, new fitness equipment, upgraded interiors and exteriors, and so much more.

Transforming communities in this way has helped us achieve positive results for investors. Of those 72 properties, 40 have completed their full investment cycle from acquisition to renovation to lease-up to sale. Below is a chart detailing what those transformations mean to investors in terms of return.

*PAST PERFORMANCE DOES NOT GUARANTY FUTURE RESULTS. **Projects Six and Nine each included two properties, of which one property in each project sold.

For detail on SRH recent transactions, click here.

Stay tuned for next week’s deep dive into the visionary and performer behind our Sponsor’s great success.

New Socially Focused Impact Housing REIT to Acquire Maryland Apartment Community

Investors Can Own a Piece of This Property and Future Properties Through the Impact Housing REIT Offering; To Learn More About This Investment Opportunity, Register for a Live CrowdStreet Webinar Here

LOS ANGELES, CA / March 8, 2018 / ImpactHousing.com is a new social impact Real Estate Investment Trust (REIT) on a mission to purchase and transform old, neglected and/or mismanaged apartment communities nationwide while keeping them affordable for low and middle-income residents. The REIT is set to acquire its first multifamily apartment community, a twelve-story, 143-unit high rise located in Southern Maryland, just outside Washington D.C.alongside a group of sophisticated real estate investors who have already committed over $5.5 million to the project. Currently, at 96% occupancy, this apartment community is categorized as a “Naturally Occurring Affordable Housing” (NOAH) asset, which means it’s affordable for those with incomes at or less than 80% of Area Median Income (AMI).

Under the direction of Impact Housing REIT’s Founder, Eddie Lorin, an Affordable Housing Preservationist, the Company plans to keep it that way – affordable for hard-working individuals and families, while delivering positive financial, social and environmental (“Triple Bottom Line”) returns to investors through low cost, high value aesthetic and eco-friendly interior and exterior improvements, and free onsite after-school activities, fitness classes, health and wellness programming through its non-profit partner, the Healthy Apartment Property Initiative (HAPI) Foundation.

For a brief video overview of the Southern Maryland investment opportunity, click here. To read about it in more detail on the Company’s website, click here.

“Not only is this asset a ‘diamond in the rough’ socially responsible investment (SRI) that has the potential for the same great financial returns we’ve achieved in past for institutional and private investors, but also it helps solve a real problem in our country. The lack of quality housing that’s affordable is a real problem that affects all facets of our society,” commented Eddie Lorin, Founder of Impact Housing REIT and its Sponsor Strategic Realty Holdings LLC.

Lorin added, “We’re doing our part by deeming this first investment in Maryland – just outside our nation’s capital – affordable, and by allowing anyone and everyone to invest alongside us. To make sure everyone has an opportunity to invest, not just the wealthy, we’ve reduced the minimum investment to $1,000 for this project. We welcome investors across the globe to co-invest with us in what we believe will be the first of many impact-driven socially responsible investments in the workforce housing multifamily sector.”

Management will be hosting a livonline Update Webinar Friday, March 16th, from 1:00 PM – 2:00 PM EST / 10:00 AM – 11:00 AM PST to discuss the project, the investment opportunity and the roadmap for 2018 before opening the event to Q&A. Current and potential Impact Housing REIT and CrowdStreet investors are welcome to attend for free. To register for the event, click here.

Impact Housing REIT’s Sponsor, Strategic Realty Holdings, has an impressive track record. Over the past 9 years, their team acquired 72 multifamily properties similar to Southern Maryland. Of those properties, 40 have completed their full investment cycle from acquisition to renovation to lease-up to sale, and on average, achieved:

  • 48% increase in Net Income
  • Annual cash on cash returns of 8.55%
  • Annual Internal Rates of returns averaging 24.77%

Note: Past performance does not guarantee future results. 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.

With a lower minimum investment, Impact Housing REIT has made it possible for any person, foundation, corporation, family office, a fund that’s committed to socially responsible investing – to earn real returns that help solve real problems. See more on how to invest, click here. If you would like to join our effort and invest alongside us in what we expect will be the first of many impact-driven multifamily investments, please visit ImpactHousing.com or email us at invest@ImpactHousing.com.

About Impact Housing REIT, LLC

Impact Housing REIT, LLC is a company 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: ImpactHousing.com, watch our video, like us on Facebook, follow us on LinkedIn and Twitter at @theGOODREIT

Read more: http://www.digitaljournal.com/pr/3688814#ixzz59XzZekBH

Wheelbarrow Profits hosted by Jake & Gino: Eddie Lorin on Affordable Housing and Tax Reform

 

Jake & Gino from Wheelbarrow Profits and Eddie Lorin discuss affordable housing, his new REIT company Impact Housing, and how millennials can get into real estate investing at much lower entry capital requirements. Eddie also talks in great depth about HUD and gives listeners his take on how the new tax reform bill may affect the Affordable Housing Act. Jake and Gino are both experts in multifamily real estate investing and have achieved, in just a few years, the sort of financial freedom they always wanted but weren’t sure was possible.

Listen Now ->

Visit Website ->

Top 10
-Entrepreneurship
-$12k per door
-Market sophistication
-Starting with signage
-$100 per door lifts
-IRR metrics
-Low income housing
-Recession resistant
-Buying for cashflow
-And much more!

Take A Knee with Adam Carolla: Affordable Housing in America with Eddie Lorin

Eddie speaks with Adam Carolla on ‘Take a Knee’ about the challenges facing low-income families and the unrealistic expectations we have regarding the government’s role in solving the problem. Adam and Eddie discuss the capitalistic solution to the lack of supply of low-income housing, that is, giving investors an economic incentive to help solve the problem. Eddie and Adam then chat about found memories on the construction site and how insane it is that “Union guys” get paid so much to do so little.

Watch below!

https://youtu.be/X-xpuCR743s?t=14

American Dream TV with Craig Sewing: Eddie Lorin on the Demand For More Affordable Housing

Eddie Lorin discusses the demand for more affordable housing with American Dream TV host Craig Sewing. Sewing is a San Diego Based television and radio personality, and positioned as a consumer advocate who goes to bat for his audience. He confronts polarizing issues head-on, forever focused on cutting through the media clutter, he states his views bluntly, making friends and enemies along the way.

Born and raised in the Mid-West, with a background in Real Estate, Finance, and a successful entrepreneur, he not only offers a great opinion of current events, politics, and the financial markets, he is rare in that he extends a helping hand to all of his listeners to empower them to WIN in any marketplace.

Visit Website ->

 

What is Impact Investing?

Often called a “double bottom line” investment, impact investing enables investors to put their money to good use in meaningful, intelligent ventures that provide both a financial AND a social return on their investment.

READ MORE

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.
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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.