Costa Mesa, CA (PRWEB) July 21, 2016
RichUncles.com, a technology-enabled platform that allows small investors the opportunity to participate in large-scale real estate ownership for as little as $500, has announced the launch of Rich Uncles NNN REIT. Rich Uncles NNN REIT is a Real Estate Investment Trust authorized to raise $1 billion to purchase single-tenant, triple-net leased properties. Founded in 2012 by Ray Wirta, Chairman of the Board of CBRE Group, Inc., RichUncles.com is the realization of his long-held vision of democratizing commercial real estate ownership - delivering Wall Street deals to Main Street investors.
“We are very excited to launch Rich Uncles NNN REIT, bringing our easy-to-use platform to investors nationwide who may not otherwise have access to commercial real estate investment opportunities,” stated Harold Hofer, CEO of Rich Uncles NNN REIT.
This latest announcement comes on the heels of Rich Uncles’ recent closing of Rich Uncles REIT I, an $80 million California REIT. Rich Uncles REIT I originally started as a $25 million offering, increasing its size twice and has paid over $3 million in dividends to date.
“Our investors have limited exposure to real estate investments” explained Hofer. “Much of corporate America has made the decision to lease, rather than own, real estate, and Rich Uncles acts as a Crowdfunding conduit, delivering corporate America’s rental payments into Middle America’s pocketbooks.”
Rich Uncles was founded for a single purpose – to make real estate investment easier and less expensive for the small investor. Rich Uncles has created an on-line distribution channel for the sale of non-exchange listed public REITs that eliminates payment of 10% commissions to financial planner intermediaries. This new distribution channel embraces the large-scale reach of the internet, and the ease of access to and transparency of information contained over the internet.
Company executives include Ray Wirta, Chairman of the Board, who is also the current Chairman and former CEO of CBRE, and Harold Hofer, CEO and Director. The company's president is Howard Makler.
Follow RichUncles.com on Social Media at Facebook/Twitter/LinkedIn: @RichUncles
3080 Bristol Street, Suite 550, Costa Mesa, CA 92626. Office: 855-RichUncles http://www.richuncles.com
Rich Uncles NNN REIT, Inc. has filed a registration statement (including prospectus) with the US Securities and Exchange Commission (SEC) for the offering to which this communication relates. Before you invest, you should carefully read the prospectus in the registration statement and the other documents Rich Uncles NNN REIT have filed with the SEC for more complete information about Rich Uncles and the securities offering. You may get these documents for free by visiting EDGAR on the SEC web site at http://www.sec.gov. Alternatively, Rich Uncles will arrange to send you the prospectus if you request it by calling toll free (855-RichUncles) or email at prospectus@RichUncles.com, or by clicking the attached hyperlink: http://RichUncles.com/prospectus/nnn