Friday, August 10, 2018

RealtyMogul Raises $50M In Two REITs

Los Angeles-based online real estate marketplace RealtyMogul reported this week that it has now raised over $50M via its two REITs, which have invested in properties valued at over $297M. According to RealtyMogul, its two REITs include MogulREIT I, which has $40M invested in 15 investments, and includes over 4,000 investors; and MogulREIT II, which has $10M invested in six different investments, from over 1,000 investors. RealtyMogul operates an online commercial real estate investment marketplace, and is led by CEO Jillien Helman.