NextSeed continues platform growth with first real estate offering

December 12, 2019
Share this Post: 

NextSeed has recently listed its first real estate offering for a property currently under redevelopment in the downtown area of Albuquerque, New Mexico.

Securities are being issued under Reg D 506c – so accredited investors only.

According to NextSeed, ARRIVE Albuquerque “offers a rare opportunity to invest in a marquee property in the redeveloping downtown area of Albuquerque.” The property is a hotel that is said to core to the city’s downtown.

“ARRIVE Albuquerque represents a unique and timely investment well-positioned to capitalize on downtown’s accelerating growth,” claims NextSeed.

The offering is part of a Qualified Opportunity Zone -a new tax exemption that can significantly improve net returns to investors. The investment will be held in a Special Purpose Vehicle or SPV.

A minimum hurdle of $100,000 has been set with a $20,000 minimum investment. Investors will be receiving “LLC Membership Interests.” A distribution waterfall is highlighted on the offering page. The first 100% of distributions will go to investors until they receive the complete return of their initial investment plus a 9% preferred return. Investors continue to receive more in the 3rd and 4th distribution segments.

On a different subject, NextSeed hopes that the Securities and Exchange Commission (SEC) will update Reg CF rules that currently bar SPVs and sets caps on the amounts that accredited investors may dedicate to Reg CF offerings.

Read more here

Join us February 26-27 for the Property Portal Watch Conference Bangkok 2020.

Bkk2020_728X90_Version2

December 12, 2019

Subscribe to our mailing list to get the famous, free Friday newsletter!

News and analysis to help build better online marketplace businesses, in your inbox, every Friday

Related News

People Roundup 20 June 2024
People Roundup: CoStar Group, Holo, Dubizzle

This week's people roundup is finance-heavy, with two CFO appointments coming out of Asia and the United States.   CoStar...

Read More
Aggregators Article Hero Imaghe
What Are Real Estate Aggregators and Are They About to Disappear?

Looking back at the talking points from Property Portal Watch 2010 it seems that classifieds aggregators caused a stir in...

Read More
Houseful Rebrand
Houseful (Zoopla) Launches "Movemnt" Transaction Infrastructure for Property Professionals

Houseful has launched "Movemnt", a free-to-use national home transaction infrastructure for all estate agents, conveyancers, mortgage lenders, and brokers. Movemnt joins...

Read More
Untitled Design 15 1
Realtor.com Releases Next Stage of Its Buyer Agency Advertising Campaign

Realtor.com, the number-two portal in the US and part of the three-way battle for market leadership in the so-called "portal...

Read More

Editor's Pick