Edward Fernandez, President and CEO of 1031 Crowdfunding, discusses why a REIT, such as the newly launched Covenant Senior Housing REIT, is a strategic investment vehicle for Senior Housing acquisition and can offer more flexibility than other investments: “In a REIT, you don’t have those restrictions so you can refinance, you can buy value-add and you can buy opportunistic. You have better leeway to navigate any situation or to create opportunity, which makes the structure a lot easier to work with as a sponsor,” says Fernandez.
A senior living investment company is expanding its reach with the announcement of a new, privately-traded real estate investment trust (REIT) that will create better leeway in navigating senior living investment, according to 1031 Crowdfunding CEO Edward Fernandez.
On Thursday, 1031 Crowdfunding announced the launch of the Covenant Senior Housing REIT, Inc, which aims to create new ways for senior living investors to grow their holdings.
The newly-formed REIT stands as its own company, and 1031 is the REIT’s sponsor. With the launch, 1031 Crowdfunding is focusing on “exchange-type vehicles” and working with investors interested in “non-correlating assets who want to invest in senior housing,” Fernandez told Senior Housing News.
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.