BrickVest, a London-based online real estate investment platform, has launched BrickVest Select, a new service that provides ultra-high-net-worth investors, family offices and institutional investors exclusive access to real estate club deals of between £5 million and £300 million ($7 million and $390 million), alongside leading real estate investment managers.
Through BrickVest Select’s AIF Master Fund, eligible and approved investors can gain exposure to specific real estate assets across a given geography, strategy, asset type and capital structure, including both senior and mezzanine debt, and equity.
After a period of thorough testing with 100 pre-registered investors and sponsors, BrickVest Select is launching with £1.5 billion ($2 billion) of available offers across 40 listed deals in Europe, the United States and the Middle East, covering various real estate asset classes and strategies.
The minimum investment commitment for club deals ranges from £500,000 ($650,000) through to whole of deal capacity. Investments can be traded before the end of the set holding period through BrickVest’s secondary market, which removes the illiquidity issue that regularly affects club deals.
For sponsors, BrickVest Select represents an efficient way of raising capital, with currently no fees for listing deals and offering access to a pre-verified network of sophisticated investors. This enables sponsors to diversify their fundraising channels and tap into a new investor base that can provide speed and likelihood for closing.
BrickVest Select fees range from 0.5 percent to 2 percent depending on the deal and are transparent and all-inclusive.
