1031 Crowdfunding Launches First Private REIT With Strategic Holdings Nationwide

By Darian E. Fernandez | November 9, 2023


IRVINE, Calif., November 09, 2023–(BUSINESS WIRE)–1031 Crowdfunding (1031 CF), a real estate investing platform, today announces the launch of its Covenant Senior Housing REIT, Inc. (CSHREIT). As the company’s first Real Estate Investment Trust offering, CSHREIT focuses on stabilized, income-generating and opportunistic value-add commercial real estate with a concentration in senior housing, one of 1031 CF’s investment specialties nationwide.

The private REIT seeks to help stockholders allocate a portion of their long-term investment portfolios to commercial real estate with the potential for lower volatility than many publicly traded REITs. Based on the REIT Advisor’s asset valuation at the time of contribution, total asset value for the REIT is $51.25 million with an 89.0% occupancy rate across three properties in two states, Oregon, and California.

“The Covenant Senior Housing REIT is the first of its kind for 1031 Crowdfunding and will allow us to acquire and manage more income-producing commercial properties and real estate-related assets within strategic markets nationwide,” said Edward Fernandez, President and CEO of 1031 Crowdfunding. “We specialize in acquiring senior housing facilities, an asset class poised for robust and ongoing growth due to aging demographics and the long-term potential for a hedge against inflation. With a $5,000 minimum, we’re eager to reach accredited investors who want to invest in real estate yet embrace lower volatility than that of publicly traded REITs.”

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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.

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