Tuesday, June 3, 2014

Crowdfunding heads to Georgetown

So first Fundrise raises $31Million for real estate crowdfunding.  Now Realty Mogul, a real estate crowdfunding platform, responds quickly with a rare opportunity to be a part of a $31.8 million project in the exclusive Georgetown neighborhood of Washington DC. #crowdfundrealestate

Realty Mogul, along with JOSS Realty Partners ("JOSS"), is introducing the Georgetown Plaza to the crowdfunding world. This 150,097 square foot Class B office building is located on Wisconsin Avenue, Washington DC's major north-south artery and half a mile north of Georgetown University's main campus and Georgetown University Hospital.

The primary objective of this investment crowdfunding campaign is to acquire, lease-up, and reposition the office building before reselling.
In this crowdfunding transaction, Realty Mogul investors will hold a partnership equity stake in Realty Mogul 19, LLC.   Realty Mogul 19, LLC will subsequently invest in 2233 Wisconsin NY Member LLC, the entity that will hold the title to Georgetown Plaza. #crowdfundrealestate

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