Realty Mogul has announced today that it has successfully crowdfunded a large industrial real estate transaction in Indiana. Realty Mogul’s accredited investors contributed more than a million dollars through the online crowdfunding platform to acquire Jackson Industrial Park with Chicago based Brennan Investment Group. The total investment was $8.7 for the property.
“We are excited to partner with Brennan Investment Group, which is nationally known for its expertise in identifying industrial properties with desirable fundamentals such as tenant diversification and high occupancy rates in attractive markets,” said Jilliene Helman, CEO and Founder of Realty Mogul. “Jackson Industrial Park is another example of the diversity of commercial real estate properties, including apartment buildings, office buildings, industrial parks, self-storage facilities and retail shopping centers that have benefitted from crowdfunding as a viable source of capital.”
Located in the Eastern submarket of Indianapolis, Jackson Industrial Park is a 260,400 square foot industrial portfolio comprised of four buildings strategically located near major transportation arteries. The current 77% occupancy was noted as a good opportunity for investors to participate in potential increases in rental income, as the occupancy reaches maximum capacity.
“This was our first experience with crowdfunding, and we’re pleased with the efficiency of raising equity capital through Realty Mogul’s online platform,” said Michael W. Brennan, Chairman and Founding Partner of Brennan Investment Group and former Co-Founder and CEO of First Industrial Realty Trust. “Our experience proves that crowdfunding is a credible way to raise equity and to gain access to an untapped source of accredited investors eager to participate in the industrial real estate market for both current income and appreciation.”
RealtyMogul has seen over $30 million invested through their real estate crowdfunding platform since inception.
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