McKnights Senior Living reporter Kathleen Steele Gaivin covers the news of 1031 Crowdfunding’s launch of its Covenant Senior Housing REIT, Inc. The REIT launched Nov. 1 with a focus on senior living, with total asset value for the REIT estimated to be $51.25 million and an 89% occupancy rate across three properties in California and Oregon.
1031 Crowdfunding has launched its first private real estate investment trust, Covenant Senior Housing REIT Inc., or CSHREIT, the company announced Thursday.
The REIT launched Nov. 1 with a focus on senior living. The total asset value for the REIT is estimated to be $51.25 million, with an 89% occupancy rate across three properties in California and Oregon, according to 1031 Crowdfunding.
The REIT’s primary objectives, according to a press release from the Irvine, CA-based real estate investing platform, are to preserve capital, generate income and grow the investment platform’s net asset value “as a potential offset to the erosion in the value of the dollar caused by inflation.”
Click the link to view full article…
This material does not constitute an offer to sell or a solicitation of an offer to buy any security. An offer can only be made by a prospectus that contains more complete information on risks, management fees and other expenses. This literature must be accompanied by, and read in conjunction with, a prospectus or private placement memorandum to fully understand the implications and risks of the offering of securities to which it relates. As with all investing, investing in private placements is speculative in nature and involves a degree of risk, including loss of your principal. Past performance is not necessarily indicative of future results and forward-looking statements and projections are not guaranteed to achieve the results described and your actual returns may vary significantly. Investments in private placements are illiquid in nature and there may be no secondary market or ability to sell the investment should the need for liquidity arise. This material should not be construed as tax advice and you should consult with your tax advisor as individual tax situations will vary. Securities offered through Capulent, LLC Member FINRA, SIPC.
