RealtyMogul Angeles, California

RealtyMogul Reviews

3.1 stars based on 13 reviews

Featured Comments:

• G

  George MiamiFl

  5.0

  I am going to give it 5 stars because i have been with them for over 4 years and selected the montly and quarterly distributions which have been paid like clockwork in a timely manner. This year i even received a one time distribution in both of their reits. I am a little concerned about the repurchase program so i will try withdrawing a portion of my investment to se how long it takes. I will revise my 5 star rating if i feel the withdrawal process is not favorable to the investors

• K

  Khalil Saba

  1.0

  My advice to everyone is to read the fine print before investing with this company and make sure you understand how long it would take for you to close your account and get your initial deposit back. It is going to take me almost three years to get back my initial deposit of $5000. The company's response: it is all about FCC regulaitons and there's nothing that they could do about it....

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  Response from the owner

  Hi Khalil! While you should view your investment in our shares as a long-term investment with limited liquidity, we have adopted a share repurchase program that is outlined in the Offering Circular whereby shareholders may request that we repurchase up to 25% of their shares quarterly while this offering is ongoing. (https://www.realtymogul.com/investment-options/the-apartment-growth-reit) In order to protect investors, the SEC requires limitations on repurchases for shares of non-traded REITs. Limitations are set in order to maintain sufficient sources of liquidity to satisfy share repurchase requests without impacting our ability to invest in commercial real estate assets and maximize investor returns. Due to these SEC regulations, there is a maximum amount of shares that we are able to repurchase in aggregate for all investors for the REIT each quarter. There are a series of no action letters from the SEC that define the repurchase limitations used by our counsel. Here is the one referencing the 5% limitation that we follow: https://www.sec.gov/divisions/marketreg/mr-noaction/orange090904.htm. Therefore, we limit the number of shares to be repurchased during any calendar year to 5.0% of the weighted average number of common shares outstanding during the prior calendar year (or 1.25% per quarter, with excess capacity carried over to later quarters in the calendar year). In the event that we are not able to honor your repurchase request in full in any quarter, such pending requests will be honored on a pro rata basis. Please let us know if there is anything else that we may assist with – we are happy to help.

• V

  Vlad Margulis

  1.0

  Don't do it. Very high fees. The most illiquid investment you'll make. It takes years to get your money out.

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  Response from the owner

  Hi Vlad! Unlike some public non-traded REIT offerings, RealtyMogul has direct access to its investors through its online portal. As a result, the Income REIT and Apartment Growth REIT do not pay broker-dealers any selling commissions, which may average between seven to eight percent of the invested dollars. Therefore, the Income REIT and Apartment Growth REIT offerings actually have lower fees than some of the other REIT offerings available today in the market. Additionally, in order to protect investors, the SEC requires limitations on repurchases for shares of non-traded REITs. Limitations are set in order to maintain sufficient sources of liquidity to satisfy share repurchase requests without impacting our ability to invest in commercial real estate assets and maximize investor returns. While you should view your investment in our shares as a long-term investment with limited liquidity, we have adopted a share repurchase program that is outlined in the Offering Circular (https://www.realtymogul.com/investment-options/the-apartment-growth-reit). Please let us know if there is anything else that we may assist with – we are happy to help.

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