Aliso Viejo, CA, October 5, 2015 (Newswire.com) - 1031 Crowdfunding LLC announced today that the Company received $25 million from a joint venture partner for the purpose of acquiring healthcare real estate to create Delaware Statutory Trusts (“DSTs”) for 1031 exchange investors.
With these funds, the Company will create and sponsor multiple DST offerings for 1031 exchange investors interested in replacing their relinquished properties with healthcare real estate. The Company intends to acquire senior living related healthcare facilities. The created DSTs will be structured with little to no load, to meet the various needs of investors.
“We are thrilled with the opportunity to sponsor healthcare DSTs,” said 1031 Crowdfunding Founder and CEO, Edward Fernandez. “We believe healthcare DSTs that can offer substantial cash flows and high cash on cash returns will be very popular with Baby Boomer investors looking to enter the market of 1031 exchange investing and those ready to retire from years of management-intensive 1031 exchange investing.”
The DSTs created through the acquisition of these facilities will mark the first DST offering on the 1031 Crowdfunding platform to be sponsored by 1031 Crowdfunding.
For more information, visit www.1031Crowdfunding.com or call (844) 533-1031.
About 1031 Crowdfunding LLC
1031 Crowdfunding provides a range of quality properties for investors seeking a 1031 exchange through a Delaware Statutory Trust. With a compliant online investment platform, investors research opportunities, make investments with ease, and receive monthly updates. 1031 Crowdfunding was founded by Edward Fernandez along with Alfred Pizzurro, Marcus Kurschat, William Erickson and Tim Barrett, aggregating 120 years of their combined experience in the securities and real estate markets.
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