RealtyShares DME Fund Information: Investments, Sponsors, Updates

Below is a list of investments in the Fund’s portfolio. All investments have been unanimously approved by the members of the Fund’s Investment Committee. The Fund has now allocated $10,572,000 (100% of total capital commitments) across 17 investments (thirteen JV equity and four preferred equity).

Downtown Minneapolis Office
Location	Minneapolis, MN
Product Type	JV Equity
Asset Type	Office
Sponsor	Spaulding & Slye Investments
Fund Allocation	$676,000
Deal Page	Click Here
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University of Toledo Student Housing
Location	Toledo MSA, OH
Product Type	JV Equity
Asset Type	Student Housing
Sponsor	WFI Investments
Fund Allocation	$750,000
Deal Page	Click Here
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Suburban Boston Office
Location	Worcester MSA, MA
Product Type	JV Equity
Asset Type	Office-Flex
Sponsor	Connecticut River Capital
Fund Allocation	$800,000
Deal Page	Click Here
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Rand Center
Location	Chicago MSA, IL
Product Type	JV Equity
Asset Type	Flex-Industrial
Sponsor	Clear Height Properties
Fund Allocation	$800,000
Deal Page	Click Here
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Arcadia Gardens Apartments
Location	Phoenix, AZ
Product Type	JV Equity
Asset Type	Multifamily
Sponsor	Rincon Partners
Fund Allocation	$800,000
Deal Page	Click Here
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Lake Mary Pointe
Location	Orlando MSA, FL
Product Type	JV Equity
Asset Type	Retail
Sponsor	Unison Realty Partners
Fund Allocation	$465,000
Deal Page	Click Here
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Summerhills Plaza
Location	Sacramento MSA, CA
Product Type	Preferred Equity
Asset Type	Retail
Sponsor	Citivest Commercial Investments
Fund Allocation	$400,000
Deal Page	Click Here
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River Ranch Apartments
Location	Canyon Lake, TX
Product Type	JV Equity
Asset Type	Multifamily
Sponsor	GVA Real Estate Group
Fund Allocation	$763,000
Deal Page	Click Here
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Vernazza Apartments
Location	Las Vegas, NV
Product Type	Preferred Equity
Asset Type	Multifamily
Sponsor	The Nathan Family Office and Madison Residential
Fund Allocation	$600,000
Deal Page	Click Here
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Sheraton DFW Airport Hotel
Location	Irving, TX
Product Type	JV Equity
Asset Type	Hospitality
Sponsor	The Buccini/Pollin Group
Fund Allocation	$775,000
Deal Page	Click Here
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Virginia Crossing Hotel and Conference Center
Location	Glen Valley, VA
Product Type	JV Equity
Asset Type	Hospitality
Sponsor	The Oliver Companies
Fund Allocation	$700,000
Deal Page	Click Here
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Student Housing at College Town
Location	Tucson, AZ
Product Type	JV Equity
Asset Type	Student Housing
Sponsor	Taylor Fitzpatrick Capital Partners, UP Campus Properties
Fund Allocation	$643,000
Deal Page	Click Here
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Mooresville Festival in Charlotte Metro
Location	Charlotte, NC
Product Type	JV Equity
Asset Type	Retail
Sponsor	Unison Realty Partners
Fund Allocation	$500,000
Deal Page	Click Here
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Transit Oriented Development
Location	Seattle, WA
Product Type	Preferred Equity
Asset Type	Multifamily
Sponsor	BDR Companies
Fund Allocation	$500,000
Deal Page	Click Here
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Avesta Biscayne
Location	Miami, FL
Product Type	JV Equity
Asset Type	Multifamily
Sponsor	Avesta
Fund Allocation	$500,000
Deal Page	Click Here
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Class A Austin Multifamily
Location	Austin, TX
Product Type	Preferred Equity
Asset Type	Multifamily
Sponsor	Tradewind Residential
Fund Allocation	$500,000
Deal Page	Click Here
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San Francisco Bay Area Multifamily
Location	Hayward, CA
Product Type	JV Equity
Asset Type	Multifamily
Sponsor	Tesseract Capital Group
Fund Allocation	$400,000
Deal Page	Click Here
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Created at 10/30/2018 11:35:49 UTC

Fund Updates
June 01, 2018RealtyShares has received the Q1 2018 payment. The payments are being processed and funds will be distributed soon. Information regarding the amount distributed will be available on the posted quarterly report.RealtyShares DME Fund IMarch 29, 2018Downtown Minneapolis OfficeThe DME Fund's Investment Committee has approved its final investment, which is a common equity investment of $676,000 in 330 Second Ave South, an office building (the “Property”) in downtown Minneapolis, MN. The Property consists of 193,594 square feet and is in the northern portion of Minneapolis's Central Business District, which is experiencing significant growth. The Property is currently 84% leased to 34 tenants with an average in-place tenancy of 5.2 years remaining.The Property, built in 1980, underwent a $4.2mm interior renovation in 2014 resulting in 100,000 square feet of new leases and a 27% increase in rental rates. The 2014 renovations included a complete upgrade of lobbies and corridors, a new tenant conferencing center, a remodeled fitness center, and a new skyway level food court. The asset was acquired below appraised value, has a stable tenant base with staggered rollover, and is located in close proximity to public transportation. Given the recent renovations, the business plan is to revamp the antiquated elevators in the building, and take advantage of a robust and dynamic leasing environment in Downtown Minneapolis.The Sponsor, Spaulding Slye Investments (“SSI”), was founded in 1966 and is the principal investment arm of JLL following their merger in 2006. SSI is an institutional sponsor with over $1.6bn in AUM, and has the competitive advantage of being able to seamlessly tap into JLL's leasing capabilities and market knowledge given their affiliation.

The Investment Committee approved this investment as it represents an opportunity to invest with a best-in-class sponsor in a high-quality, well-located asset, which is being acquired below appraised value in a strong central business district. Additionally, this is the final investment of the DME Fund and the Fund is now fully allocated.

For additional details, please see the Downtown Minneapolis Office deal page here.February 28, 2018University of Toledo Student Housing

The DME Fund's Investment Committee has approved a common equity investment of $750,000 in a purpose-built student housing asset located adjacent to the University of Toledo in Ohio. The asset offers 590 beds across eight buildings, which total almost 270,000 SF.

The property offers significant amenities for residents, including high-speed WiFi, fully-furnished apartments, communal study areas, a pool and fitness center, a tanning bed, bicycle storage, a clubhouse and barbecue area, as well as a volleyball court. The asset is currently 82% leased, with the strategy being to engage a specialist student housing property manager, lower rents to market levels and actively lease up the remaining vacancy. The asset is conveniently located next to a university with growing enrollments.

The Investment Committee approved this investment as it represents an opportunity to invest in a high quality asset, which is being acquired below replacement cost. Constructed in 2015 for approximately $41mm, the acquisition price of the asset is $32mm, which is below the estimated replacement cost of $39mm. Additionally, this investment allows the DME Fund to diversify into a new state. The DME Fund's allocation to student housing is now 13% of committed capital.

For additional details, please see the University of Toledo Student Housing deal page here.January 24, 2018Suburban Boston Office

The DME Fund's Investment Committee has approved a common equity investment of $800,000 in a suburban office-flex asset located just under 35 miles west of Boston. The asset offers over 115,000 SF across two buildings and is positioned within the primary flex medical technology corridor in the highly accessible Boroughs submarket. The asset is leased to a range of good credit quality, long-term tenants, including 3M, Malvern PANalytical and Pulte Homes, all of which have tenanted the asset for over 10 years. The sponsor, Connecticut River Capital, intends to actively lease up two vacant suites in the asset, as well as strategically combine and extend the legacy separate leases of Malvern and PANalytical subsequent to their merger. The sponsor also plans to complete select deferred capital repairs, including HVAC and roof replacements.

While the asset is not located in one of the DME Fund's core states, the Investment Committee approved this investment on the basis that the high quality and accessible location of the asset is attractive to new and existing tenants, the sponsor can strategically create value and tenant stability by combining and extending key leases, and the asset is currently generating strong cash flow. Additionally, this investment allows the DME Fund to diversify into a new asset class, as well as a new state.

For additional details, please see the Suburban Boston Office deal page here.November 3, 2017

Rand Center The DME Fund's Investment Committee has approved a $800,000 JV equity investment in Rand Center, a 136,533 SF industrial / flex property strategically located in the Des Plaines suburb of Chicago, IL. Clear Height   Properties (the “Sponsor”) has the property under contract at a favorable basis of $6.2mm ($45 per SF), which is nearly $800,000 below both the seller’s asking price and replacements costs (estimated at $50 per SF). Currently 90% occupied with 40 tenants, the property is a cash-flowing asset with significant potential for value upside through expense reduction. Clear Height hopes to leverage their experience owning and operating their existing portfolio of 24 flex / industrial assets in the Chicagoland area to ensure the asset is operating at its fullest potential. The property, as it currently stands, consists of 17% office space and 83% warehouse space with dedicated loading docks and ceiling heights of 12’-14’. The asset is also conveniently located 14 minutes from O’Hare International Airport (3rd busiest in the country and 6th busiest in the world), and is well connected to the major highway arteries of the region placing it only 40   minutes from downtown Chicago. This will be Clear Height’s first capital raise on the RealtyShares platform, as well as the first industrial investment for the DME Fund. Clear Height Properties is a Chicago-based real estate firm with $72mm in industrial assets under management (1.4mm SF).   The Sponsor is well-versed in the Chicagoland area and has an in-house   property management subsidiary that actively manages 191 tenants. To date, Clear Height has acquired 39 properties and successfully exited 12. For additional details, please see the Rand Center deal page here.

October 25, 2017
Arcadia Gardens Apartments

Arcadia Gardens Apartments is a 76-unit multifamily asset located in Phoenix, AZ in an infill location that has easy access to both downtown Phoenix (7 miles) and downtown Scottsdale (6 miles). The property underwent a $3.5mm renovation in 2016, which consisted of a complete overhaul of the electrical and mechanical systems, as well as a full renovation of unit interiors and common areas. Currently 100% occupied, Arcadia Gardens is offering rents at a 6.5% discount below market rental rates, which is primarily due to the seller’s desire to achieve full occupancy following the extensive renovations. The sponsor, Rincon Partners (“Rincon”), plans to gradually increase rents to market levels and lease up the associated turnover in the process over a projected 5-year hold period. For additional details, please see the Arcadia Gardens deal page here.

Rincon Partners, a repeat sponsor on the RealtyShares platform, is a Phoenix-based owner and operator of commercial real estate assets. Rincon has a geographical focus on the Southwestern U.S and targets multifamily assets with upside potential through renovations and repositioning, improving tenant mix, controlling costs and / or price arbitrage. Since its inception in 2015, Rincon has acquired five multifamily properties totaling 768 units and $89mm in gross purchase price.

October 24, 2017
Lake Mary Pointe

Lake Mary Pointe is a 51,052 SF grocery-anchored shopping center in the affluent Lake Mary neighborhood of Orlando, FL. The shopping center has been anchored by Publix Supermarket since 1999, and Publix has performed well, most recently posting 2016 sales of $633 per SF, representing a 1.4% health ratio. The property, built in 1999, was purchased with all cash in September by Unison Realty Partners (“Unison”) at a favorable basis of $5.1mm ($99 per SF). Unison has arranged to place bridge debt on the Property, and RealtyShares will recapitalize 50.1% of Unison’s remaining equity position in the deal. Unison’s business plan for the property entails hiring a best-in-market leasing and management team to lease up the current vacancy and securing the anchor tenant, Publix, for a long-term commitment. For additional details, please see the Lake Mary Pointe deal page here.

This investment represents the DME Fund’s second investment with Unison, a full-service real estate firm with $150mm in retail assets under management (1.2mm SF). The DME Fund previously invested $500,000 in Unison’s Mooresville Festival transaction in Charlotte, NC, which closed in March 2017.

October 11, 2017

Summerhills Plaza

The DME Fund's Investment Committee has approved a $400,000 preferred equity investment in Summerhills Plaza, a 133,318 SF Raley’s supermarket-anchored shopping center in the Citrus Heights neighborhood of Sacramento, CA, only 20 minutes by car from downtown Sacramento.

The property, which was developed in stages between 1967 and 1990, is being purchased in an off-market transaction by Citivest Commercial Investments (“Citivest” or the “Sponsor”) at a favorable basis of $14.8mm ($111 per SF), which is nearly $2mm below the property’s current taxable basis. The property has been anchored by Raley’s supermarket, the region’s dominant grocer, since 1981 and is also home to notable national tenants, including Dollar Tree (NASDAQ: DLTR), Wendy’s (NASDAQ: WEN) and O’Reilly Auto Parts (NASDAQ: ORLY). The Sponsor’s business plan for the property entails a light exterior renovation, leasing up of vacant space, renewing maturing leases and selling the propertyin three years.

This will be Citivest’s first capital raise on the RealtyShares platform. Citivest is a full-service real estate firm with $359mm in assets under management and nine retail properties in CA. The Sponsor specifically targets value add retail centers with an emphasis on grocery-anchored centers. For Summerhills Plaza, the Sponsor is contributing over 40% of the common equity, putting its own money at risk before any losses would be incurred by RealtyShares.

For additional details, please see the Summerhills Plaza deal page here.

September 1, 2017
River Ranch Apartments

The Investment Committee for the RS DME Fund has approved an up to $825,000 common equity investment in River Ranch Apartments, a 104-unit multifamily community located in Canyon Lake, TX. The property is centrally located between Austin and San Antonio (an equidistant 1-hour drive from the CBD’s of both cities) and just minutes from New Braunfels and Interstate 35, providing access to major employment hubs. The property was built over two phases in 2011 and 2017 and features Class A construction, with amenities including a swimming pool, fitness center, laundry facility, BBQ/picnic area and covered parking.

GVA Real Estate Group (“GVA”), a repeat sponsor on RealtyShares’ platform, believes that the seller of the property neglected to renew tenants at higher rental rates and paid itself above-market fees. GVA sees an opportunity to raise rents to market rates for new and renewing tenants and to reduce operating expenses through active management by GVA's property management subsidiary, GVA Property Management. GVA is an Austin-based vertically integrated owner and operator of multifamily properties nationally with over $100mm in assets under management, including 22 multifamily properties located in Texas (88% of its total portfolio). For additional details, please see the deal page  here for additional updates.

Student Housing at College Town

The DME Fund closed a $600,000 investment in Student Housing at College Town in May. The sponsor, Taylor Fitzpatrick Capital Partners (“TFC”), is now experiencing an operating cash shortfall of $250,000, due largely to occupancy during June and July being lower than expected. The sponsor believes that the bad reputation of the earlier property owner led to less than expected renewal interest from students. The sponsor has in the meantime continued to expend marketing resources to expose the new brand.

The property is currently 64% pre-leased and is targeted to achieve 76% leased through the first semester and 85-87% (210-215 beds leased) for the second semester. The sponsor reports that the property's renovated units are commanding strong interest both from renewals and new residents; nine such units will be completed by September 1st and many are fully leased. The next batch of renovated units will be ready for the spring semester and in some instances the sponsor may be able to make some available midway through the fall semester.

TFC will also reallocate $281,000 that had earlier been budgeted for in-unit washers and dryers to, among other things, (i) creating an improved pool “hang-out” area at building #4 (estimated at $50-70k) and (ii) renovating six (6) additional units more than earlier planned (estimated at $100k). These items seem to be more important to residents; common washers / dryers being generally acceptable to the tenant population as long as the facilities are clean, etc.

Based on our analysis of the sponsor's revised business plan and pro forma, the DME Fund's Investment Committee has approved the Fund's pro rata participation in the capital call, which will result in a small drop in the IRR objectives by approximately 30 basis points (vs. a decline of 1% if the DME Fund did not contribute at all to the capital call). Our underlying asset thesis has not changed, and we believe that the sponsor still has the ability to achieve strong IRR goals.

For additional details, please see the deal page  here for additional updates.
August 1, 2017
The Fund's Investment Committee has approved a $600,000 preferred equity investment in Vernazza Apartments, a 168-unit garden-style apartment complex in Las Vegas, NV, only 3.5 miles from the Las Vegas Strip, 4.5 miles from McCarren International Airport and 8 miles from downtown Las Vegas.

The Property was originally constructed in 2001 as an affordable housing development. In 2016, the Property was purchased by the seller under a “qualified contract” that released the Property from its affordability requirements. Although technically a market rate property, residents in occupancy during the conversion maintain protected below market rents for a period of up to three years, and as of May 2017 only 54 of 168 units (~32%) had rolled over to market rate units. The Nathan Family Office and Madison Residential (together, the “Sponsor”), see an opportunity to purchase the Property and roll the remaining below market units to market rate units, especially after restrictions are lifted in October 2019.

The Sponsor has successfully raised capital on the RealtyShares platform for three prior deals, and all payments for those investments are current. For Vernazza Apartments, the Sponsor is contributing $3.5mm of capital to the deal (100% of JV equity), putting its own money at risk before any losses would be incurred by RealtyShares. Additionally, the Sponsor is expected to set aside 28 months of preferred current payments in a RealtyShares controlled account.

For additional details, please see the deal page  here for additional updates.
June 29, 2017
The RS DME Fund Investment Committee approved a $775,000 JV equity investment in the Sheraton DFW Airport Hotel, a 302-key full-service hotel located in Irving, Texas (the “Hotel).

The Hotel is located 5 miles from the Dallas-Fort Worth International Airport, which was recently ranked as the 4th busiest airport in the US and 11th busiest in the world based on passenger traffic by Airports Council International. The Hotel is approximately 15 miles northwest of downtown Dallas and less than 5 miles northwest of the Las Colinas master-planned community, one the region’s largest employment centers.

The Hotel is currently operated under the Sheraton flag, which is a subsidiary of Marriott International and benefits from Marriott’s large marketing and distribution platforms, as well as its 85mm loyalty program members. At closing, The Buccini/Pollin Group (the “Sponsor” or “BPG”) will enter a new 20-year franchise license agreement with Sheraton. BPG is a repeat and approved Sheraton property franchisee, with two other Sheraton properties in their current portfolio. BPG has acquired or developed real estate assets having a value in excess of $4.0bn, including over 40 hotels, 6mm square feet of office and retail space, 10 major residential communities and multiple entertainment venues.

For additional details, please see the deal page  here for additional updates.
May 18, 2017
The Investment Committee for the RS DME Fund approved a $700,000 investment in the Virginia Crossing Hotel and Conference Center, a full-service hotel located in Glen Allen, Virginia (the “Hotel).

This transaction is a common equity investment in the acquisition and repositioning of the 183-key Hotel. Opened in 2001, the Hotel comprises three colonial-style buildings with guest amenities, including 2 full-service restaurants, an outdoor swimming pool, fitness center, 24 conference rooms and a 4,700 SF ballroom. The Hotel is located adjacent to The Crossings Golf Club, one of the greater Richmond area’s premier semi-private courses, and is strategically located at the convergence of Interstates 95 and 295, which provides convenient access to a variety of regional demand generators.

The Hotel is currently operated under the Wyndham flag, and Oliver Companies (the “Sponsor”) sees an opportunity to rebrand the Hotel as a Tapestry Collection, a more upscale flag. Tapestry Collection is a member of one of the largest and fastest growing hospitality companies in the world with over 4,000 hotels located in over 100 countries. With global brand recognition and strong following by a loyalty program, the Sponsor expects an increase in occupancy and revenue. As part of the long-term franchise agreement with the hospitality company, the Sponsor has agreed to execute a $3.4mm property improvement plan (the “PIP”) to the Hotel’s interior and exterior, including upgrades to the guest rooms, hotel amenities and systems.

For additional details, please see the deal page  here for additional updates.
April 11, 2017
We are excited to announce that the DME Fund’s Investment Committee has approved a $600,000 investment in the acquisition and renovation of College Town Tucson, an 88-unit, 247-bed student housing apartment complex several blocks from the main campus of the University of Arizona in Tucson, AZ (the “Property”). Constructed in 1972 and partially renovated in 2006 and 2013, the Property consists of a mix of two, three and four-bedroom units and includes amenities such as a clubhouse, fitness center, swimming pool and property-wide Wi-Fi.

Taylor Fitzpatrick Capital Partners (“TFC” or the “Sponsor”) intends to reposition the Property to achieve higher rents and occupancy through a targeted renovation program that focuses on modern and upscale in-unit upgrades and improvements to the common areas and amenities. The current owner of the Property has renovated approximately 40% of the unit interiors, leaving 53 units that still require interior upgrades. This presents the Sponsor with an opportunity to capitalize on uncaptured upside by renovating the remaining units and upgrading community amenities. TFC is a dedicated student-housing principal/operator who has acquired, repositioned and sold three student-housing properties (with 615 units) in Arizona.

For additional details, please see the deal page  here for additional updates.
March 3, 2017
The Investment Committee for the RS DME Fund has approved two new investments: $500,000 investment in Mooresville Festival in Charlotte Metro and $500,000 in Transit Oriented Development in Seattle.

Mooresville Festival in Charlotte Metro is a re-capitalization of a 159,625 square foot community retail center located in Mooresville, a bedroom community of Charlotte, NC. Built in 1991 and renovated in 2004, the Property is currently 95.5% occupied, anchored by Kohl’s and Big Lots and shadow anchored by Belk. Unison Realty Partners, an experienced owner-operator based in Boston that specializes exclusively in value-add middle market retail assets along the eastern seaboard, is acquiring the property during a period of limited tenant rollover. Unison’s business plan seeks to add value to this stable revenue stream by leasing vacant and expiring units to high-quality, best-use tenants who should enhance the property’s long term desirability. After improving the asset’s rent roll, Unison then intends to extend or renew the property's anchors and exit its investment position having further stabilized the asset.

Transit Oriented Development is a preferred equity investment in Sonata East, a 91-unit, Class-A apartment community planned to be developed on a 0.62-acre site located approximately 4 miles southeast of downtown Seattle and directly across the street from the Columbia City light rail station. The investment, in conjunction with a senior construction and term loan provided by the United States Department of Housing and Urban Development and equity contributions from the Sponsor and other parties, is expected to be used for the construction of the new four-story mixed-use multifamily development. BDR, a WA-based real estate development company with over 30 years of experience in residential development, acquired the site from the Seattle Housing Authority in February 2016 and secured a commitment letter for a construction and term loan from HUD in January 2017. BDR has spent nearly $1.1mm over the last two years to successfully obtain full entitlements and rights to develop the Property.

For additional details, please see the Mooresville Festival deal page  here and the Transit Oriented Development deal page  here for additional updates.
January 29, 2017
The Investment Committee has approved a $500,000 investment in Avesta Biscayne transaction. Avesta Biscayne (the “Property”) is a 402-unit apartment community located near the Biscayne Bay shoreline in Miami, FL. The Property consists of 6 mid-rise buildings and offers amenities, including a clubhouse, two pools and a tennis court. The Property, which was built in 1985, has dated exterior improvements and unrenovated units, but is located within a growing submarket and has in-place cash flow with an average occupancy of 94%. Avesta (the “Sponsor”) plans to reposition the Property and achieve higher market rent and occupancy levels with a 5-year capital improvement budget of approximately $3.79mm ($9,417/unit) that includes upgrades to the units and building exterior.

Avesta is a repeat sponsor with RealtyShares and currently has a self-reported portfolio of approximately $850mm in acquired assets or 12,000 apartment units. The Sponsor is vertically integrated, handling acquisitions, property management, construction management and portfolio management. Avesta is based in Tampa, FL and Austin, TX and primarily focuses on value-add multifamily properties located in high growth markets in Florida and Texas. Please see the deal page  here for additional updates.
December 21, 2016
The Investment Committee has approved a $500,000 preferred equity investment in the Class A Austin Multifamily deal. This transaction offers investors the opportunity to participate in a preferred equity investment in the recapitalization of Reserve at Walnut Creek (the “Property”), a 284-unit, Class-A, luxury apartment community located in Austin, TX.

The investment, in conjunction with additional loan proceeds from the refinancing of the senior loan and equity contributions from the Sponsor, is expected to be used to buy out $8.55M of equity interest from an existing limited partner investor based on a valuation determined by an appraisal dated October 2016.

Built in 2002 and consisting of twelve 3-story buildings, the Property is currently owned by Tradewind Residential (“Tradewind” or the “Sponsor”) which acquired the asset in 2014. Since the acquisition, Tradewind has completed extensive renovations to the common areas, amenities and interior upgrades to 59 of the units. Sponsor plans to continue to upgrade an additional 30 units as they turn, which the Sponsor estimates should bring approximately $90 in rental premium per unit per month. Please see the deal page  here for additional updates.
November 14, 2016
The Investment Committee has approved a $400,000 JV equity investment in the San Francisco Bay Area Multifamily transaction. This investment presents investors with the opportunity to participate in the acquisition and renovation of Tiki Gardens Apartments (the “Property”), a 62-unit multifamily property in Hayward, CA.

The Sponsor, Tesseract Capital Group (“Tesseract,” or the “Sponsor”), has developed a one-year renovation plan that includes $2.9 million (approximately $47k per door) in capital expenditures to be used to repair deferred maintenance, replace outdated building systems including installing solar panels, and upgrade interior finishes and exterior amenities. Please see the deal page  here for additional updates.
November 5, 2016
RealtyShares is pleased to announce the initial closing of the Diversified Marketplace Equity Fund, with more than $5 million in capital commitments. See our blog post  here.

Investors in the DME Fund can review their current holdings through their RealtyShares Investor Dashboard. This is also where investors can track any future distributions related to the DME Fund. We anticipate the first distribution will be paid in the first quarter of 2017.

RealtyShares has engaged Opus Fund Services as administrator for the DME Fund. Opus will prepare investor trade confirmations, as well as quarterly and annual reports reconciling DME Fund activity. These reports will be emailed to investors directly by Opus. Investors can also set up profiles on the Opus website, where they can access historical reports prepared by Opus. 

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