LOS ANGELES, Sept. 13, 2017 /PRNewswire/ -- stREITwise is introducing a new way to invest in real estate online commission-free by allowing direct investment on its website. Today they announced a Regulation A+ initial public offering for their first Real Estate Investment Trust (REIT) – 1st stREIT Office – which seeks to provide a diversified portfolio of institutional-quality office buildings with a revolutionary low-cost structure. Because it's filed as a Regulation A+ offering, 1st stREIT Office will allow accredited and non-accredited investors alike the opportunity to participate.
This announcement comes shortly after 1st stREIT Office successfully raised over $20 million in a private offering to acquire the Panera Bread HQ Property in St. Louis, MO. At 99% occupancy in three separate buildings, the Panera Bread HQ Property includes over 290,000 square feet of Class "A" office space that is leased to many large tenants, including Panera Bread (World HQ), New Balance (Regional HQ), Wells Fargo, Edward Jones, Nationwide Insurance, and others.
With the Panera Bread HQ Property acquisition, 1st stREIT Office has been able to make 10% annualized dividend distributions to its existing investors. The company seeks to acquire more high-quality, stabilized office buildings in undervalued markets across the United States.
"Publicly-Traded REITs put long-term investors at an immediate disadvantage because their shares are priced at a liquidity premium," says stREITwise CEO Jeffrey Karsh. "As a Non-Traded REIT, stREITwise rewards long-term investors by offering cheaper shares while also empowering everyday investors with access to the private real estate market."
While Non-Traded REITs typically charge upfront fees of 10-15%1, stREITwise caps its upfront fee at just 3% by cutting out the middleman, eliminating financial advisor commissions, and passing the savings on to investors. "This fee structure will revolutionize real estate investing going forward, both through reduced fees and greater access. By cutting out the middleman, we are truly democratizing real estate, and making it cheaper for everybody."
All stREITwise offerings, including 1st stREIT Office, are sponsored by Tryperion Partners, whose three founders are veteran real estate investors with experience in all major property types. They have been involved in acquiring and/or managing real estate valued at $5.4 billion over the course of their careers.
"We've invested on behalf of high-net-worth and foundation clients for years," said Karsh. "But it's always been our goal to allow everyday investors to participate in our investment success. It shouldn't matter how much you have in the bank, anybody should be able to invest in real estate. And stREITwise makes it possible."
stREITwise is allowing the crowd to invest directly into a diversified portfolio of real estate at a fraction of the average cost by eliminating industry-standard commissions and accepting investments directly on its website. stREITwise seeks to provide passive, tax-advantaged income in the form of dividends on a quarterly basis.
About stREITwise
Headquartered in Los Angeles, stREITwise offers a new way to invest in real estate, with opportunities designed to be rewarding and accessible for everyone. stREITwise cuts out the middleman and passes the savings on to investors who invest directly online. stREITwise acquires the real estate, collects the rent, and pays a dividend. The stREITwise team is experienced in managing complex real estate investments through multiple business cycles and through the life cycle of each investment, from acquisition and business plan execution, to realization. For more information, visit www.streitwise.com.
SEC Disclaimer
An offering statement regarding this offering has been filed with the SEC. The SEC has qualified that offering statement which only means that 1st stREIT Office Inc. may make sales of the securities described by that offering statement. It does not mean that the SEC has approved, passed upon the merits or passed upon the accuracy or completeness of the information in the offering statement. You may obtain a copy of the offering circular that is part of that offering statement HERE. You should read the offering circular before making any investment.
1 SEC's Office of Investor Education and Advocacy, Investor Bulletin: Non-traded REITs, August 31, 2015.
Contact: [email protected]
SOURCE stREITwise
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