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Impact housing REIT opens for financial advisers, family offices and investors
Real Estate - JUNE 20, 2018

Impact housing REIT opens for financial advisers, family offices and investors

by Released

ImpactHousing.com, a social impact REIT, has announced that Impact Housing REIT Series A Investor Shares, priced at $10 per share, is available to financial advisers, wealth managers and family offices by Folio Institutional.

“More and more investors are considering alternatives and demanding that their investments match their values,” says Eddie Lorin, founder of Impact Housing REIT and Strategic Realty Holdings. “Putting the Impact Housing REIT ‘impact meets real estate’ Regulation A+ offering in front of advisers, wealth managers and family offices seeking alternative, socially responsible, impact investment opportunities for their clients has been a top priority of ours.”

Folio enables financial advisers, family offices and investors the ability to create customized, diversified and socially responsible portfolios by combining both alternative and publicly traded securities into a brokerage account.

“We are pleased to include this low-minimum, socially responsible REIT that is geared toward solving the housing affordability crisis in our country — as the first offering of its kind on our platform,” says Blaine McLaughlin, CPP of VIA Folio. “Advisers, wealth managers and investors tell us that they seek more ways to align their portfolios with their values and easily manage alternative securities in portfolios of any size.”

The first multifamily property earmarked for the REIT portfolio is a 143-unit “naturally occurring affordable housing” high-rise located in Silver Spring, Md., a suburb of Washington, D.C., currently at 96 percent occupancy. Impact Housing REIT and a private group of real estate investors have committed to an equity investment in the asset of $8 million, with $7 million in total already committed to the project between the two. If the REIT hits its $3 million minimum by the time this property is estimated to close (mid-July 2018), and the property continues to generate cash flow at its current rate or higher, then owners of Impact Housing REIT Series A shares should begin to receive quarterly distributions in third quarter or fourth quarter 2018. However, distributions are not guaranteed.

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