30 Years of Experience in Multifamily

Over 40,000 Units and $3 Billion in Real Estate Transacted*

*Acting as either Principal or Advisor.

Benefit from experience and proven success

VIEW OUR TRACK RECORD

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. The Sponsor, Strategic Realty Holdings (SRH), was formed by Eddie Lorin in 2014.  Eddie Lorin, along with his core management team from Strategic Realty Capital (SRC), a private multifamily investment company co-founded by Eddie Lorin, come equipped with more than 100 years of collective experience in multifamily real estate. Since 2001, our management 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. With SRC nearing its investment cycle and objective, Impact Housing REIT is a seamless transition into the future of real estate investing.

 

Impact Housing REIT is not your typical sexy start-up. Our team has a proven track record of making multifamily apartment community improvements that pay off—and pay out.* Our prior portfolios consistently demonstrated “full” occupancy levels. By implementing value-add improvement plans, we have achieved, on average, 95% stabilized occupancy upon completion of renovations on new acquisitions. We attribute success to a variety of factors including and most notably, strong local relationships with real estate brokers, servicers, lenders, and property managers.

 

As long-term strategic partners, we pride ourselves on expertise and idea generation, as well as the ability to roll up our sleeves and get the work done. Impact Housing REIT will execute the business with vision and precision, and pair business acumen with conventional wisdom and common sense. The “Impact Housing difference” is providing “A class” amenities to older, neglected properties and often mis-managed “C class” communities to help improve the quality of life for residents and their families.

Past performance that speaks for itself.

Over the past 9 years, our Sponsor, Strategic Realty Holdings, acquired 72 multifamily properties – 40 of those properties have completed their full investment cycle from acquisition to renovation to lease-up to sale. On average, these 40 properties have achieved:

172537-256

Net operating income

up 48% per year

172507-512

Annual cash-on-cash

returns of 8.55%

172493-512 (1)

An internal rate of return

(IRR) of 24.74%

For more information about our Sponsor’s track record, see the “PAST Performance:  Our Track Record So Far” section in the Offering Circular. *Prior performance does not guarantee future results.

Meet Our Team

Eddie Lorin, Managing Director and Founder

During his 30-year career, Eddie Lorin has been responsible for the acquisition of more than $3.7 billion in office, industrial and apartment community assets nationwide. Prior to founding Impact Housing.com, he founded its Sponsor, Strategic Realty Holdings, LLC, as a culmination of his years of experience in investment real estate and as an offshoot of Strategic Realty Capital (SRC), which he also co-founded. Since 2008, SRC has purchased over 15,000 units in more than 70 transactions valued at over $1 Billion, and has built a strong performing portfolio. All of SRC’s apartment assets were purchased opportunistically and successfully re-positioned into thriving communities.

 

Prior to forming SRC, Eddie Lorin led the acquisition of 110 properties; 25,000+ units contained in over $2 Billion in real estate for large national apartment company; handled over $700 million in transactions involving Class A office buildings and retail space for Douglas Emmett/Jon Douglas Commercial; and spend 8 years in asset management and development of 5 million square feet of shopping centers and industrial complexes for private Los Angeles investors.

 

Eddie Lorin is also the co-founder of the 501C-3 non-profit HAPI Foundation, which was created to promote health and wellness in apartment communities. He earned his bachelor’s degree from the University of California, Los Angeles and has been a licensed real estate broker since 1988.

Myron Chang, Director of Asset Management

Myron oversees all facets of property operations, ranging from supervising management companies in their daily operations to ensuring the compliance of the properties in all lender related procedures for Strategic Realty Holdings and now, Impact Housing REIT LLC. Having worked with Eddie Lorin at Strategic Realty Capital since 2011, Myron has worked in all aspects of the business including acquisitions, underwriting, financing, and asset management of assets totaling over $500 Million and 7,000+ units of multifamily investments.

Myron received his Bachelor of Science Degree in Mathematics/Economics from the University of California, Los Angeles.

Andy Park, Director of Acquisitions

Andy is responsible property acquisitions and for the asset management of properties in need of heavy repositioning and stabilization for Strategic Realty Holdings and now, Impact Housing REIT LLC. He has been a Director in the Acquisitions division of Strategic Realty Capital (SRC), working alongside Eddie Lorin, since its formation in 2008. In that capacity, he has been responsible for acquiring 7,500+ multifamily units nationwide, valued at over $500,000,000. Prior to SRC, Andy was an Acquisitions Associate at JEM Realty Advisors from 2004 to 2008, where he helped acquire more than $500,000,000 of multifamily properties, primarily located in several states throughout the East Coast.

Andy earned his Bachelor of Arts Degree in Economics from the University of California, Los Angeles, and holds a Real Estate Broker License in the state of California. During his tenure at UCLA, he held internships at MJW Investments and JPMorgan Chase.

Lauren Milner, Investor Marketing and Communications

Lauren joined Eddie and the team in 2017, and heads up all digital and investor marketing and communication initiatives for SRH and Impact Housing REIT.  Lauren is the co-founder of Windmill, a lean and agile digital marketing firm designed for startups and established companies raising capital online. Prior to SRH and Windmill, she worked for a leading boutique investor relations agency representing public and private companies as the Director of Communications for over 8 years, and as an Associate at Bernstein Global Wealth Management, where she held her Series 7 and 63 licenses. Lauren holds a Bachelor of Arts Degree in Psychology from Emory University.

“Eddie and the Strategic crew are truly amazing in their eye for a great deal. They have vision and guts to pull the trigger on opportunities when others were too fearful to act. I remember in our darkest days in Las Vegas in 2010 when things were absolutely dead…Eddie’s crew showed up and pounced and I commend them for their guts and they certainly look like geniuses now. They really care for the resident and take care of their staff. We are very big Strategic and now Impact Housing fans here at Stout!”

Lisa Recina, President of Stout Management Company

We have transformed
communities
across the nation.


Below are just a few.

(Representative Sample)

New Orleans, LA

Dallas, TX

Dallas, TX

Bedford, TX

Anaheim, CA

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.