Elevate.Money Adds New Properties to Portfolio, Expands User Base
newport beach, california, August 17, 2022 /PRNewswire/ — Elevate.Money (Elevate), a real estate investment app for millennials, offers fractional investments in a portfolio of income-generating commercial properties, launching Shell-branded fuel stations and Pops Mart-branded C stores. I bought it. Columbia, South Carolina for $1,908,000The purchase was direct from the owner on a new 20 year lease. The address is 538 St. Andrews Road.
Since launching the platform at September 2021 The company has grown to over 13,000 users. $4,000,000 Consistently pays monthly dividends at an annualized yield of 6.5% on assets under management.
“Our goal is to build a healthy portfolio and find high quality assets, and this property purchase does just that. Years of operating history made the property eligible for purchase.The new 20-year lease also extends the total weighted average lease term of the portfolio to 12 years, in line with our portfolio construction objectives. ,” said the CIO. David Perdak.
Elevate’s investment strategy is income-focused. Business tenants pay rent monthly. Elevatey’s goal is to redistribute these payments, minus costs and reserves, to investors in the form of monthly dividends, allowing investors in the REIT portfolio to generate passive income.
“Through Elevate.Money, any investor can now own a stake in the real estate behind powerful American businesses that provide many of us with daily necessities. It is our view to build and manage a portfolio of real estate and diversify the portfolio by property type, geographic location, tenant credit and lease term to provide a consistent and predictable monthly cash flow for REIT investors. We can achieve our goal of creating flow,” said the CEO. Harold Hofer.
Elevate’s experienced team takes care of all the heavy lifting for finding, buying and managing properties. Investors simply decide how much and how often they want to invest, and within five minutes they can start managing their money.
Elevate.Money, started by co-founder Harold Hofer, Alex CruttendenWhen Sachin Jangiani is on a mission to make real estate investment accessible to more investors. The company is backed by a team of advisors from some of Fintech’s most innovative companies, including Acorns, Betterment, Crexi and Equity Zen.
of September 2021Elevate Money launched a platform to allow users to buy shares in private real estate investment trusts (REITs) for a fraction of the price. $100For more information, please visit www.elevate.money.
Any investment in Elevate.Money REIT I common stock is speculative and involves significant risk. The “Risk Factors” section of the Offering Circular contains a detailed description of the risks that should be considered before investing. These risks include, but are not limited to, illiquidity, complete loss of invested capital, limited investment history, conflicts of interest, blind pool risk, and public health emergencies. An investment in STNL carries additional risks in the event of default or bankruptcy of the sole tenant. FURTHER, THERE IS NO WARRANTY THAT Elevate.Money REIT I WILL ACHIEVE ITS INVESTMENT OBJECTIVE OR WILL ACCESS ELIMINATED INVESTMENTS AS IDENTIFIED.
Distribution payments are not guaranteed and may change in the future at the discretion of Elevate.Money REIT I’s Board of Directors. Distribution payments may be partially supported by fees waived by the REIT’s advisors and real estate service providers. Fees so waived will not be reimbursed by the REIT at a later date. Distributions are not returns of shareholders’ principal or borrowings.
Media contact: Elle Welch