Diversification of sources of income.
(1) We cannot assure you that we will achieve our investment objectives. Our ability to achieve our objectives will be subject to many factors, including many that our outside of our control. Please review the risk factors included herein and under the the caption “Risk Factors” in the PPM for a discussion of such factors.
The cornerstone of our investment strategy is to invest primarily in senior housing facilities, and potentially other asset types, including but not limited to single-family residential for rent and residential apartments, all designed to maximize the net asset value of our overall portfolio during various economic conditions.
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Covenant Senior Housing REIT, Inc. (the “Company”) is a newly formed, perpetual life Real Estate Investment Trust (a “REIT”) that has been formed by 1031 Crowdfunding, LLC, a California limited liability company (“1031 Crowdfunding” or the “Sponsor”) to invest primarily in senior housing facilities in order to serve the needs of the aging baby-boomer generation, and to a lesser extent, invest in other rental housing property types, including but not limited to single family homes for rent and residential apartment communities for rent in order to complement our portfolio by serving the growing, countercyclical population of people priced out of the home ownership market, all to be leased on short-term leases that mark-to-market quickly during times of inflation as a way to help us increase our Net Asset Value (“NAV”) during inflationary economic conditions. The Company may also invest in real estate debt and real estate-related securities.
In general, you may buy Shares of our Class B Common Stock pursuant our Private Placement Memorandum provided that you are an “Accredited Investor” as defined in Rule 501(a) of Regulation D under the Securities Act. Generally, you must initially invest at least $5,000 in Shares of our Class B Common Stock.
Here is a basic overview an Accredited Investor; you must meet one of these suitability requirements:
Income (over $200k)
You earned income that exceeded $200,000 in each of the prior two years, and reasonably expect the same for the current year.
Joint Income (over $300k)
You and your spouse earned combined income that exceeded $300,000 in each of the prior two years, and reasonably expect the same for the current year.
Net Worth (over $1 mil)
You have a net worth over $1 million, either alone or together with your spouse (excluding the value of your primary residence).
You are a natural person (including any person who holds a joint, community property, or other similar shared ownership interest in an issuer that is accepted under Title 15 U.S.C. Chapter 2D, Sub Chapter I, with that person’s qualified purchaser spouse) who owns not less than $5,000,000 in investments.
You are an accredited investor as defined in Rule 501 of Regulation D for other reasons, such as a director, executive officer, general partner of the Issuer, or FINRA member.
Contact one of our Registered Representatives to invest. Call us at (844) 533-1031 or create an investor account here.
The Company will invest primarily in senior housing facilities and may invest in other asset types, including but not limited to single-family residential for rent and residential apartments, designed to maximize the net asset value of our overall portfolio during various economic conditions. Our target locations are the Southern and Western regions of the United States. We may invest in different asset classes and geographic locations in our discretion. Our objective is to bring 1031 Crowdfunding’s leading healthcare real estate investment platform via DSTs, to REIT investors seeking a hedge against inflation without the volatility of the publicly traded markets. Through subsidiaries, we currently own three senior housing properties acquired from affiliated DSTs as further described herein.
Our approach to portfolio construction is to maintain a portfolio consisting primarily of income-generating, stabilized real estate investments plus opportunistic value add and turnaround properties we believe will be accretive to our portfolio, and, to a lesser extent, in real estate debt investments, cash, cash equivalents, and other short-term investments including real estate-related securities. When making third-party acquisitions, we will seek to acquire properties from unrelated third-party sellers at below appraisal value.
Our primary investment objectives include the following: (i) to preserve and protect our stockholders’ investments in us; (ii) to provide attractive current income to our stockholders in the form of cash distributions paid monthly; (iii) to seek to grow our NAV as a potential offset to the erosion in the value of the dollar caused by inflation (iv) to provide potential liquidity to our stockholders without the volatility of the publicly traded securities markets through our Share Repurchase Plan. There is no guarantee that we will achieve these investment objectives.