RealtyShares Makes its Mark with Recent Offerings in Texas and Florida

RealtyShares Continues to Make its Mark in Multifamily and Hotel with Recent Offerings in Texas and Florida

At RealtyShares, offering a diverse product mix is crucial for giving our partners the best possible experience. Oftentimes, our sponsors and investors cite the diversity of our projects as one of the primary reasons they choose to work with us, so it’s important that we continue to offer a wide range of investments to match varying risk and return profiles.

Since the start of 2018, two of the more popular asset classes on our platform have been multifamily and hotel. From transit-oriented multifamily projects to Class A hotel developments, RealtyShares has been packed with interesting investments in these sectors from coast to coast. Here’s just a quick snapshot on two of our more recent projects in multifamily and hotel (article continues below).

 

$2.85 Million Funded for 240-Unit Multifamily Community in Austin, Texas

RealtyShares recently closed a $2.85 million common equity investment in the acquisition and renovation of a 240-unit multifamily community in Austin, Texas. The sponsor, an experienced real estate company with a focus on value-add multifamily properties, saw an opportunity to reposition the property with a comprehensive renovation that would include both exterior improvements and unit upgrades. The sponsor also sought to reduce operating expenses and vacancy to realize full rent potential.

 

Asset Class Location Product Equity Funded Units
Multifamily Austin, TX Common Equity $2.85mm 240

 

Located just 15 minutes from downtown Austin, the property is situated within the Austin-Roundrock metropolitan statistical area (MSA), which ranks as the second fastest growing MSA in the country according to ESRI. The $2.85 million investment, funded through RealtyShares’ platform of accredited investors, helped the sponsor to acquire its 5th multifamily property in Austin and reportedly achieve over $100 million in assets under management (article continues below).

 

$3.5 Million Funded for Full-Service Hotel in Melbourne, Florida

In Melbourne, Florida, RealtyShares worked with a four-time repeat sponsor to fund a $3.5 million common equity investment in a full-service hotel. The sponsor saw an opportunity to acquire the hotel and capitalize on a recent $4.7 million renovation to potentially improve the performance of the property.

 

Asset Class Location Product Equity Funded Guest Rooms
Hotel Melbourne, FL Common Equity $3.5mm 238

 

Recent hotel renovations helped reinstate the property’s institutional quality and encompassed nearly every aspect of the guest experience including exterior, interior and guest room improvements. The premier-branded hotel is conveniently located less than one mile from the Orlando Melbourne International Airport in the heart of Florida’s “Space Coast.” The hotel is surrounded by large corporate demand drivers and a number of Fortune 500 companies, including Northrop Grumman, General Electric and L3 Technologies.

This project marked the fourth deal completed by RealtyShares with the sponsor, an established real estate investment, development and management company reporting approximately $4 billion under management. The sponsor currently reports a current portfolio of 29 hotels, totaling over 6,000 keys in eleven states, and focuses on developing and acquiring hotel, office, residential, retail and parking properties throughout the United States.

 

Interested in financing a multifamily or hotel project with RealtyShares? Let’s talk. Contact bizdev@realtyshares.com. Private investments are highly illiquid and risky and are not suitable for all investors. Past performance is not indicative of future results. Securities offered through North Capital Private Securities, member FINRA/SIPC.

Bryan Schultz on Linkedin
Bryan Schultz
Bryan Schultz
Bryan has over 20 years of experience underwriting, structuring, negotiating and closing institutional-quality commercial real estate transactions. He has been directly responsible for the acquisition and development of more than $4B in office, industrial, apartment and retail projects at Realty Mogul, BlackRock, RREEF/Deutsche Bank, Hines and Archon Financial.
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