-- The Minority Real Estate Invest Trust (MREIT) has announced new property-based investment opportunities for accredited investors, seeking their interest. MREIT expects to generate over $50 million in revenue from home sales, vacation rentals and memberships. Investors can expect to receive a 20% return on their investment.
A prominent opportunity announced by MREIT comes from North Georgia. Here, MREIT aims to raise $25 million in capital for the acquisition and development of a 440-acre property. The space comprises 93 single-family homes, 7 cottages, 3 stocked ponds, a garden, a vineyard, retail space and much more.
The focus on Minority properties by MREIT is aligned with the recent proposals of the Department of Housing & Urban Development (HUD), which aims to increase Black homeownership by a significant amount over the next nine years. Along with HUD, a large group of other organizations have come together to make this dream a reality, expecting 3 million Black homeowners to be created by 2030.
Returns from property investment via REITs are a reliable and popular mode of investment. A report from Morningstar Direct estimates $1.5 trillion to be invested in U.S. REITs. This investment brings revenue via sale or rental of properties, 90% of which is passed on to shareholders. The investment also takes care of inflation, with built-in clauses and freedom to increase rental rates, which makes it all the more important during the Covid pandemic.
There is a home wealth gap for Blacks, who are also likely to pay more for their first property, and own it for less duration. Credit can often be denied by banks and insurance companies with redlining. In the pandemic situation, they are also more likely to be affected by the economic crisis. Thus schemes like those of MREIT assume greater importance than ever.
MREIT will focus on acquiring and developing sustainable communities in rural or undervalue areas. The team is available to answer any queries on all aspects of investing in real estate through the REIT route.
-------------------------------------------------------------------------------------------------
For more information, please visit: https://minorityrealestateinvestors.com/
Contact Info:
Name: Marlena Barnett
Email: Send Email
Organization: Minority Real Estate Investment Trust
Website: http://minorityrealestateinvestors.com/
Release ID: 89031601
Google
RSS