With over 150 years of combined real estate investing experience, PropFunds's goal is to provide its clients with above-market returns, with below-market risk.
Los Angeles, CA (PRWEB) June 23, 2014
A team of seasoned, long-term investment advisors with a combined total of more than 150 years of experience in the real estate industry today announced the creation of PropFunds L.P., a firm focused on purchasing, owning and operating commercial and residential real estate investment properties. Headed by CEO and founder James Aldrich, PropFunds is differentiating itself as a sound, reliable alternative for investors in the real estate crowdfunding marketplace.
“With PropFunds LP, our clients get access to real estate opportunities that otherwise would be cost-prohibitive or only available to investors that have relationships in the real estate industry,” said Aldrich. “Our platform allows the savvy investor to reap the benefits of appreciating real estate values and streams of passive cash flow.”
Emphasizing capital preservation rather than more speculative positions, PropFunds is attracting attention from investors who want to take advantage of this new investment vehicle.
“We’re still in the industry’s early stages,” said Aldrich. “Accompanied by the enormous amount of experience our board members bring to the table, what we’re offering is unprecedented. This is a great opportunity for investors both large and small to obtain above-market returns while incurring below-market risk.”
PropFunds was formed in response to the SEC ruling on September 23, 2013 that lifted the ban on soliciting funds directly from accredited investors for investment projects. While multiple real estate crowdfunding platforms have suddenly appeared on the market, few have the real estate experience, high yielding investment record, and concern for asset preservation that the PropFunds staff presents to potential investors.
James Aldrich, founder and CEO of PropFunds L.P., has been in the real estate industry since 1990. Throughout his career, Aldrich has represented a select group of clients in purchasing properties. Aldrich has a throrough and complete understanding of the entire process involved in securing real estate as an investment vehicle. Aldrich has owned, operated, managed, developed, leased and placed loans on more than 200 commercial properties.
PropFunds L.P.'s investment advisors have a diverse background in the real estate business with multiple areas of expertise, including commercial, retail, industrial, luxury residential real estate, and finance. A list of PropFunds' advisors may be found here: http://propfunds.com/#about-us.
PropFunds is poised to take advantage of properties ranging from $1 million to $10 million that otherwise would be ignored by larger institutional investors or “Wall Street” capital. At PropFunds, the goal is to generate higher returns than one may expect from a more traditional investment resource.
“The 10-Year Treasury note is currently generating a 2.5% yield, and the Fed has shown that they have no appetite to increase interest rates to a more historic norm anytime soon,” added Aldrich. “Well-placed, well-underwritten real estate investments vetted by seasoned, proven real estate investors should outperform the market for the next five to ten years. We believe PropFunds has the right formula to do just that. More importantly, we are looking to achieve these goals while incurring minimal risk to our capital and the capital of our investors.”
Fluctuations in the value of the assets that are the subject of any investment are to be expected. Additional risks exist due to a variety of factors, including, but not limited to, leverage, property operations, business risks, management and environmental liabilities. There is a potential for loss of part or ALL of the investment capital, and each investor should understand that all capital invested may be lost. Investors should only consider these investments if they have no need for liquidity and can bear the risk of losing their entire investment. Actual return may vary from return that is stated.
This press release does not constitute an offer to sell or a solicitation of an offer to make an investment (the “Investment”) in the project described herein. No such offer or solicitation will be made prior to the delivery of definitive documentation relating to the matters herein. Before making an investment decision with respect to the Investment, potential investors are advised to carefully read the operating agreement that will govern the Investment (the “Documents”) and the related subscription and offering memorandum documents. Further, potential investors are advised to consult with their tax, legal and financial advisors. This overview contains a preliminary summary of the purpose and principal business terms of the Investment. This summary does not purport to be complete and is qualified in its entirety by reference to the more detailed discussion contained in the actual text of the Documents. The manager has the ability in its sole discretion to change the strategy described herein. Some of the statements contained herein are forward-looking statements. You should not rely upon forward-looking statements as predictions of future events. These statements involve known and unknown risks, uncertainties, and other factors that may cause the project’s actual results, levels of activity, performance, or achievements to be materially and adversely different from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “may,” “will,” “should,” “expects,” “plans,” “anticipates,” “believes,” “targeted,” “projected,” “underwritten,” “estimates,” “predicts,” “potential,” or “continue” or the negative of these terms or other comparable terminology. These forward-looking statements include, but are not limited to, statements concerning the company, property, risk factors, plans and projections. Although the manager believes that the expectations reflected in the forward-looking statements are reasonable, guarantees of future results, levels of activity, performance or achievements cannot be made. Moreover, neither the manager nor any other person or entity assumes responsibility for the accuracy and completeness of forward-looking statements. No person or entity is under any duty to update any of the forward-looking statements to conform them to actual results. Except as required by law, neither we nor any other person assumes responsibility for the accuracy and completeness of the forward-looking statements. We undertake no obligation to update publicly any forward-looking statements for any reason to conform these statements to actual results or to changes in our expectations.
Disclaimer: Neither the SEC nor any state securities commission or regulatory authority approved, passed upon or endorsed the merits of this offering. PropFund's services do not constitute “crowd funding” as described in Title III of the Jumpstart Our Business Startups Act (“JOBS Act”).