Not too many commercial real estate companies can say they’ve been featured in TechCrunch, the techhiest of all tech Web sites. But Beverly Hills, Calif.-based Realty Mogul has, thanks to its unique idea of allowing investors to pool their money online to buy shares of pre-vetted commercial real estate investments. The founders of Realty Mogul call this “crowdfunding.” And now the minds behind Realty Mogul are taking their company into the Midwest, expanding into Kansas and Tennessee by offering investors the chance to pool their money and put it into commercial properties in these two strong markets. To date, Realty Mogul has closed on 18 properties for a total of more than $16.3 million. Investors have invested more than $3.3 million with Realty Mogul so far. That’s impressive considering that all this activity has taken place in the last five months. “There is a lot of interest in what we are doing,” said Jilliene Helman, founder and chief executive officer of Realty Mogul. “People like the idea of being able to invest in a real, tangible asset like a commercial property. I prefer that to investing in paper-assets. Unlike with stocks and bonds, you have the ability to feel and […]
The post Crowdfunding company Realty Mogul likes what it sees in Kansas, Tennessee appeared first on CrowdFund Beat.