NextSeed continues platform growth with first real estate offering

December 12, 2019
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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

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December 12, 2019

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