Groma Real Estate Trust, an artificial intelligence powered investing platform, is raising funds on Wefunder.
According to the offering page, Groma has raised $1.41 million in equity capital on a pre-money valuation of $65.2 million. Almost 500 investors have participated in the offering so far.
Groma Real Estate Trust (REIT) aims to drive revenue for investors by operating multifamily apartments with distributions being made quarterly.
Groma currently owns and operates over $100 million in properties which are said to be a portfolio fueled by an “AI powered operating system” that drives institutional discipline in the investing and management of these homes. “Grobot” is said to handle approximately 60% of reoccurring operational tasks which is predicted to help Groma scale.
The targeted total return of capital gain and cash returns is 8% to 12% with the cash yield being 4% to 5% of the return. The portfolio currently reports around $159 million in assets under management.
Groma shares that the company has already raised over $70 million from family offices and institutions to scale the firm.
The Form C for Groma’s offering is viewable here.
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