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.


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

Purplebricks Profit 1
Purplebricks Slashes Prices as New Owner Vows to 'Disrupt' Once Again

The new owner of Purplebricks has cut prices in his first move since snapping up the beleaguered portal for just...

Read More
Homesnap Closure
CoStar Group to 'Sunset' Homesnap in Favor of

CoStar is set to sunset Homesnap and replace it fully with the Group's in-house brand by the end of...

Read More
Powerleads Ai Zumper
Zumper Latest Portal to Integrate ChatGPT Plugin

Zumper, a leading provider of rental industry software, has announced its collaboration with OpenAI's artificial intelligence engine, ChatGPT. The partnership...

Read More
Meta Egypt
Meta Egypt Launch Announced as Estate Waves and Coldwell Banker Egypt Team Up

Real estate marketing company Coldwell Banker Egypt has teamed up with Estate Waves to announce the launch of a new...

Read More

Editor's Pick