Impact Housing REIT, LLC (ImpactHousing.com), an apartment real estate investment trust has announced its Reg A+ offering to raise up to $35 million has been qualified by the SEC. Backed by crowdfunding platform CrowdStreet‘s technology, the offer is now open to investors – both accredited and non-accredited, domestic and international. Individuals may participate for as little as $1000. Investors may expect to receive quarterly distributions based on market returns. The Fund’s term is said to be 5 years.
Impact Housing REIT marks the second real estate investment opportunity open to CrowdStreet’s entire network of investors, both accredited and unaccredited.
Lorin added that the ability for Impact Housing to utilize new crowdfunding laws to circumvent the middleman and bring more efficient financial returns directly to everyone is remarkable to say the least.
“The more money raised through the Impact Housing REIT offering, the more we can meet the shortage of decent workforce housing that’s affordable in our country and deliver market rate returns to our investors,” said Lorin. “We are thrilled to partner with CrowdStreet in this initiative. CrowdStreet’s technology platform provides us with the confidence needed to both fundraise online at scale, and then effectively and efficiently manage the investors for the duration of their investment. The unique ability to solicit new investors, transact offers, and efficiently manage hundreds of subscribed investors, all using a single platform, makes CrowdStreet an essential part of this Regulation A offering.”