RealCrowd Announces Los Angeles-Based Opportunistic Industrial Development.
Following the success of a prior engagement with RealCrowd, Xebec Realty Partners is completing its subscription of a private placement for the development of Mission Oaks Business Park, a two building industrial project totaling 88,850 square feet on approximately 4 acres in the Inland Empire West. With a target completion date of Q2 2015, the state-of-the-art industrial buildings will be marketed as an efficient solution for firms looking for strategically located manufacturing, warehouse and distribution space.
Situated in one of the best locations for this asset class in the United States, this opportunistic industrial development is well positioned to benefit from key industrial demand drivers. Mission Oak’s location in the Inland Empire West addresses pent up demand for the operation of businesses near the Ports of Los Angeles and Long Beach.
The opportunity is being presented by the issuer under SEC Rule 506(c), and is open to accredited investors on the RealCrowd online platform. SEC Rule 506(c) lifts the ban on general solicitation of certain securities to accredited investors.
In addition to leveraging the new regulatory environment, RealCrowd offers a full suite of investor management tools to real estate operators, bringing tremendous efficiencies to the private capital fundraising process.
RealCrowd, a leading technology platform focused on enabling commercial real estate issuers to conduct general solicitation offerings, facilitates accredited investors’ access, review and investment with issuers in real estate across the nation. The final sale of securities is at the discretion of the issuer and is conducted between the issuer and each investor.