The giving is for up to $200 million in shares of frequent inventory in Rastegar Option REIT, Inc. (the “REIT”) pursuant to Rule 506(c) of Regulation D.
AUSTIN, Texas, Jan. 20, 2021 (World NEWSWIRE) — Rastegar Home Corporation, LLC (“Rastegar Assets Company”), a know-how-enabled private serious estate expenditure organization concentrated on value-include and development in all asset courses during Austin and the Sunshine Belt area of the United States, now announced the REIT, a $200 million personal real estate investment decision rely on presenting shares pursuant to Rule 506(c) of Regulation D.
The REIT intends to use the web proceeds of the presenting to devote generally in classic multifamily and other opportunistic actual estate property during the Sunshine Belt area of the Southern United States. The Sunlight Belt is composed of eighteen states covering the reduced third of the United States and includes seven of the 10 most significant cities, as well as many midsize metropolitan statistical places.
Vintage multifamily property mix certain factors of Course A, B and C multifamily houses. Generally, classic multifamily property are intensely renovated Class C houses located in the urban core adjacent parts amongst Class A properties that draw in Class B level home rents. The REIT expects to employ active administration to renovate, reposition, re-lease and/or acquire belongings to insert benefit.
“We are involved by community marketplace volatility, and view the existing multifamily atmosphere as useful and prudent for opportunistic, investments in important technological innovation-centered United States regions designed to hedge from inflation and insulate from world wide chance,” reported Ari Rastegar, Founder and CEO of Rastegar Assets Enterprise. “We’ve uncovered off-industry deep price in classic multifamily complexes across Austin and Texas and all over the Sunlight Belt states and are delighted about the prospect to go that price on to retail accredited investors by way of our REIT presenting.”
The common stock of the REIT, priced at $100 for every share, is envisioned to be built available by way of Boustead Securities, LLC, a FINRA member and the vendor supervisor to the offering.
About Rastegar Assets Company
Rastegar House Company is a technologies-enabled non-public real estate investment decision company centered on benefit-increase and improvement in all asset classes all over Austin and the Sunshine Belt location of the United States. As of 2020, Rastegar House Enterprise and its affiliate marketers have co-invested in or specifically possess and operate more than 13.8 million square ft of genuine estate throughout jobs in 13 states and 35 cities. Rastegar Home Company specializes in acquiring sophisticated or undervalued belongings with chances to generate value via repositioning, redevelopment, and/or improved operational efficiencies.
This is not an give to market securities. An offer you to offer shares of typical inventory in the REIT may well be designed only pursuant to the Confidential Non-public Placement Memorandum of the REIT dated November 1, 2020, as supplemented (the “Memorandum”). The facts contained herein is competent in its entirety by the Memorandum and prospective investors must examine the Memorandum prior to investing. The giving of shares is staying built by usually means of the Memorandum only to accredited buyers who fulfill least accreditation requirements, as perfectly as suitability standards as determined by a qualified broker-dealer or expenditure advisor. To attain a duplicate of the Memorandum, please speak to your financial investment specialist or Boustead Securities, LLC at 6 Enterprise, Suite 395, Irvine, CA 92618 (949-502-4408). Securities available by Boustead Securities, LLC member FINRA and SIPC. Investments might be speculative, illiquid and there is a danger of full decline. Previous functionality is not indicative of potential results. There is no promise that any specific result will be realized.