Real Estate Crowdfunding Site offers the People an opportunity to own a piece of one of the country’s most famous streets
April 15, 2015 (Chicago, Illinois) – Crowd Realty Advisors has entered the rapidly growing world of online democratized fund raising by offering investors an opportunity to own property in Chicago’s south loop on famed South Michigan Avenue. Crowd Realty Advisors initial investment opportunities are two, multi-tenant retail condominiums available for investment on CrowdRealtyAdvisors.com.
The South Michigan Avenue offering is comprised of ten ground floor retail spaces covering over 17,000 square feet that have built-in demand from the 2,500 residential units immediately surrounding the property.
The South Michigan Avenue offering is comprised of ten ground floor retail spaces covering over 17,000 square feet that have built-in demand from the 2,500 residential units immediately surrounding the property. Investors can participate in the offering beginning at ten thousand dollars, and can also use their retirement accounts to invest. “Finally there is way for the individual to invest in A+ located real estate opportunities that prior to crowdfunding only institutions or larger private investors could own.” says, CRA Senior Director David Rottman “…to own and benefit from real estate that is part of the community they live in without needing millions of dollars to do so.”
Crowd Realty Advisors’ investment opportunities can be divided into two groups &ndash retail component of condominium and apartment towers in high-density urban neighborhoods, and retail that services colleges and universities students and faculty.
CRA focuses on this sub-sector of retail for its lower risk profile due to locations in high-density areas, and low expenses. “Retail at the base of residential developments have built-in demand from the rest of the building’s tenants and are nearly immune from any maintenance issues or disruption from internet sales.” Says Steven Waldman, CRA’s Managing Director. Leases are typically structured so the tenant, not the owner, is responsible for the expenses, such as condo association dues and property taxes.
CRA also focuses on service retail adjacent to colleges and universities with student populations exceeding 15,000. These service retail properties have a large and captive local audience in the student population and service retail is immune from the challenges internet retail sales pose to traditional retailers. “Universities are economic drivers that keep the retailers that surround them thriving,” said Waldman.
Along with the attainable investment size, CRA structures its offerings to allow investors the ability to defer capital gain taxes upon sale. This is a big difference from other types of real estate partnerships, where capital gains are due anytime there is a sale where profits were made.
Crowd Realty Advisors was formed in a partnership between Austin Capital Partners and Ground Lease Capital Partners. The principles have over 70 years of experience and several billion dollars of transactional experience behind them. For more information contact David Rottman at (805) 680-2004 on the west Coast, and in New York, Steven Waldman (917) 892-0168 or visit the CRA website at, www.crowdrealtyadvisors.com.