Rastegar Property Company is a tech-focused private real estate investment firm that specializes in investments across the Sun Belt region of the U.S. The company announced on Wednesday a new $200 million private real estate investment trust (REIT) offering.
Investment Details: The REIT will seek opportunities to invest in vintage multifamily and other assets across the 18 states that comprise the Sun Belt region. This region covers the lower third of the U.S. and includes seven of the 10 largest U.S. cities.
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The common stock of the REIT is priced at $100 per share and will be made available via FINRA member and dealer manager Boustead Securities.
"We are concerned by public market volatility, and view the current multifamily environment as advantageous and prudent for opportunistic, investments in key technology-centered United States regions designed to hedge against inflation and insulate from global risk," said Ari Rastegar, Founder and CEO of Rastegar Property Company.
"We've uncovered off-market deep value in vintage multifamily complexes across Austin and Texas and throughout the Sun Belt states and are delighted about the opportunity to pass that value onto retail accredited investors through our REIT offering."
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