RealSource Properties, Inc., a $573 million private multifamily real estate investment trust (REIT), has announced the retention of Altus Group, the world’s leading independent appraisal management service provider, to assist in the Fund’s valuation process, effective September 30, 2024. This move reflects RealSource’s commitment to transparency and accuracy in asset valuation for its investors.
Previously, RealSource Properties, Inc. had calculated its NAV using an internal methodology closely aligned with Altus Group's. The newly calculated Net Asset Value stands at $13.2003/share (effective Sept. 30, 2024), reflecting a $0.3673 change from the prior NAV of $12.8330/share, declared in November 2023. The NAV per share is based on the estimated value of the Company's assets, less the estimated value of its liabilities divided by the number of fully diluted shares outstanding.
RealSource Properties has over 30 years of investment expertise in commercial real estate and specializes in value-added multifamily housing across growing non-primary markets. The fund currently holds twelve properties diversified across six states, totaling approximately 3,600 units.
“We are excited to partner with one of the world’s foremost authorities on commercial real estate property valuations,” said Nate Hanks, Chief Executive Officer. “This independent third-party assessment by Altus Group provides our investors with greater confidence in the performance of their investments.”
Altus Group offers access to over 400 accredited valuation professionals, cutting-edge technology, and data analytics services. The company provides valuation management for 24 of the 26 NCREIF ODCE funds and serves clients in more than 60 countries.
RealSource Properties, Inc.'s multifamily REIT is currently open to new investors.
About RealSource Properties, Inc.
RealSource Properties, Inc. is a private multifamily real estate investment trust (REIT) specializing in value-add multifamily properties across growing non-primary markets in the U.S. With a portfolio valued at $573 million, RealSource’s mission is to enhance investor returns through strategic acquisitions, efficient management, and targeted value-add investments. The fund currently holds over 3,600 units across twelve properties in six states. RealSource’s team leverages over 30 years of commercial real estate expertise to generate long-term value for its investors. For more information, visit realsourcepropertiesreit.com.
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Real Estate Risk Disclosure | 1031 Risk Disclosure
• There is no guarantee that any strategy will be successful or achieve investment objectives including, among other things, profits, distributions, tax benefits, exit strategy, etc.;
• Potential for property value loss – All real estate investments have the potential to lose value during the life of the investments;
• Change of tax status – The income stream and depreciation schedule for any investment property may affect the property owner’s income bracket and/or tax status. An unfavorable tax ruling may cancel deferral of capital gains and result in immediate tax liabilities;
• Potential for foreclosure – All financed real estate investments have potential for foreclosure;
• Illiquidity – These assets are commonly offered through private placement offerings and are illiquid securities. Because 1031 exchanges are commonly offered through private placement offerings and are illiquid securities. There is no secondary market for these investments.
•Reduction or Elimination of Monthly Cash Flow Distributions – Like any investment in real estate, if a property unexpectedly loses tenants or sustains substantial damage, there is potential for suspension of cash flow distributions;
• Impact of fees/expenses – Costs associated with the transaction may impact investors’ returns and may outweigh the tax benefits
• Stated tax benefits – Any stated tax benefits are not guaranteed and are subject to changes in the tax code. Speak to your tax professional prior to investing.
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