What is Impact Housing REIT?
ImpactHousing.com is a new, open for investment social impact Real Estate Investment Trust (REIT) on a mission to purchase and transform old, neglected and/or mismanaged apartment communities nationwide, while keeping them affordable for low and middle-income residents. Under the direction of our Founder, Eddie Lorin, an Affordable Housing Preservationist, Impact Housing REIT will make low cost, high value aesthetic and eco-friendly interior and exterior improvements to its properties, and provide free onsite afterschool activities, fitness classes, health and wellness programming through its non-profit partner, the Healthy Apartment Property Initiative (HAPI) Foundation -- all while delivering positive financial, social and environmental (“Triple Bottom Line”) returns to investors.
Investments in Impact Housing REIT will go towards the purchase of properties across the nation, aesthetic property improvements that include new appliances, landscaping, playgrounds, swimming pools, dog parks, BBQ areas, fitness centers, environmental upgrades and social improvements via HAPI Foundation.
Our Sponsor, Strategic Realty Holdings, also founded by Eddie Lorin, has an impressive track record. Over the past 9 years, their team acquired 72 multifamily properties similar to Southern Maryland. Of those properties, 40 have completed their full investment cycle from acquisition to renovation to lease-up to sale, and on average, achieved:
***48% increase in Net Income
***Annual cash on cash returns of 8.55%
***Annual Internal Rates of returns averaging 24.77%
Note: Past performance does not guarantee future results. This property may or may not ultimately close escrow subject to due diligence and other various factors. Impact Housing REIT cannot guarantee that this specific property will end up being one of the multiple assets owned by the fund.
With a lower minimum investment, Impact Housing REIT has made it possible for any person, foundation, corporation, family office, fund that’s committed to socially responsible investing – to earn real returns that help solve real problems.
See more on how to invest click here. If you would like to join our effort and invest alongside us in what we expect will be the first of many impact-driven multifamily investments, please visit ImpactHousing.com or email us at [email protected].