On Wednesday, real estate crowdfunding platform, Wealth Migrate, announced it has closed a $13.1 million two-phase deal for the acquisition of two Atlanta medical office buildings This deal marks the third of the portal’s medical property deals in the city.
Wealth Migrate CEO of Global Operations Hilda Lunderstedt shared the deal represents a milestone for crowdfunding-enabled real estate investment:
“For this significant deal, investors pledged and then provided funds all via Wealth Migrate’s online platform, including all of the relevant documentation, cross-border compliance and subscription agreements. This deal is therefore evidence that real estate crowdfunding is very much alive and well, and we are very excited about the huge potential for this technology to democratize access to global real estate investment opportunities.”
Lunderstedt added the asset is in a good location providing strong rental rates and long-term lease prospects, ensuring a solid outlook for investors.
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