Online real estate investment marketplace RealtyMogul.com announced a lower minimum investment of $1,000 for its first online Income REIT MogulREIT. The previous minimum was $2,500.
In a release RealtyMogul.com CEO Jilliene Helman said MogulREIT I was launched with the goal of providing more people with the opportunity to invest in real estate. The new lower limit supports that aim.
“The new lower limit for MogulREIT I also gives our single property investors the opportunity to try something new and innovative,” Ms. Helman said. “At the new minimum, investors can now test the product through a small investment, gain exposure to the fast-growing online REIT asset class and subsequently add the potential for additional cash flows to their portfolios.”
RealtyMogul.com said MogulREIT I endeavors to provide investors with consistent cash distributions and the opportunity to benefit for possible value appreciation. Because the product is offered directly on RealtyMogul.com, there are no commissions and expenses are capped at three percent.
The net asset value readjusts quarterly beginning at the end of 2017, a move allowing investors to know the exact worth of their investment, the company said.