One of the Leading Crowdfunding Platforms Completes Equity Raise for Experienced Local Sponsor
Press Release – LOS ANGELES - April 26, 2016 – RealtyMogul.com, one of the leading online marketplaces for real estate investing, today announced that it closed a $1,000,000 equity investment in an industrial property in Glendale Heights, IL, within the Chicago metropolitan area. The sponsor for the acquisition is Clear Height Properties, a real estate investment and management company headquartered in Chicago.
The property, an 85 percent-occupied flex-industrial space comprised of over 100,000 square feet, was acquired below replacement cost. RealtyMogul.com investors were offered the opportunity to help finance the acquisition by contributing equity capital.
“We have seen a lot of activity in Illinois recently, and this deal is another demonstration of investor appetite for exposure to the rich commercial real estate market in the area,” said Jilliene Helman, CEO of RealtyMogul.com. “It is al…