RealtyMogul.com has launched its second REIT, MogulREIT II.
MogulREIT II aims to invest in multifamily apartment communities across the United States that have demonstrated consistently high occupancy and income levels across market cycles. MogulREIT II also plans to invest in multifamily properties that offer value-add opportunities with appropriate risk-adjusted returns and potential for appreciation objectives.
“Multifamily continues to be a great sector for investment, as people of all ages are choosing to rent rather than buy a home,” said Jilliene Helman, CEO and co-founder of RealtyMogul. “The massive millennial generation is the largest share of the American workforce and highly values rentals, which satisfy their desire to maintain a flexible lifestyle. We’re even seeing an emerging demand among baby boomers, who are moving back into city centers from their homes in the suburbs.”
According to the U.S. Census Bureau’s Housing and Vacancy Homeownership Report, the U.S. apartment market has experienced a strong recovery, as evidenced by the steady drop in vacancies and an average annual effective rent growth of 3.9 percent per year, between 2010 and 2015.