Lakes of Summerville GA

Min. Invest
$2,500
Target Hold
36 mos.
Annualized Returns
20.00%
100% Funded
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Project Summary

The Minority Real Estate Investment Trust Inc herein referred to as MREIT, seeks accredited investors to pursue real estate investment opportunities. MREIT's goal is to acquire & develop sustainable communities in rural & undervalued areas. MREIT’s initial purchase is a 440 acre property in North Georgia that will be comprised of 93 single family homes, 7 cottages, a vineyard, a garden, retail space & so much more. Revenue will be generated through our membership program, home sales & short term vacation rentals via Evolve Vacation Rental. Investors who hit certain thresholds of contribution will also benefit from lifetime membership access & a usage component which will allow investors to stay in select units at no additional cost.

Investment Type Debt
Term 36 Months
Raise Amount $25,000,000

Why Invest?

MREIT provides the following advantages to investors:

Investing in MREIT allows investors to grow their money & stay ahead of inflation. The rate of inflation can vary widely but historically inflation has averaged around 3%. MREIT is offering a 20% return on investments.

Investing in MREIT allows investors to build more wealth from an thriving industry. Historically, REITs have delivered competitive total returns, based on high, steady dividend income and long-term capital appreciation. REITS have a comparatively low correlation with other assets which makes them an excellent portfolio diversifier that can help reduce overall portfolio risk and increase returns.

Investing in MREIT allows investors to achieve retirement goals early. REIT's provide strong dividend income. They are an important investment both for retirement savers and for retirees who require a continuing income stream to meet their living expenses.

Investing in MREIT allows investors to save on taxes.

Financial Summary

Lakes of Summerville GA will be comprised of 93 properties, 7 vacation rentals and amenities which will cost $22,750,000. The marketing and administrative costs are 250,000. Reserve for contingency is $2,500,000.

Income
Home Sales $27,900,000
Memberships $25,000,000
Vacation Rentals $268,800

Total $52,268,800
Return to Investors $35,000,000
Net Profit $17,268,800

Financial Sources

Investments $25,000,000

Financial Uses

Real Estate $2,500,000
Development $2,400,000
Construction $17,350,000
Marketing & Administrative $250,000
Reserve for Contingencies $2,500,000

Property Summary


Address Property Type

,
Fund

Market Summary

According to the World Economic Forum Americans are leaving the cities in response to changes brought about by the COVID-19 pandemic. In a recent survey, nearly half of all U.S. adults said they’d prefer to live in a small town or rural area in 2020. This is a 9% point increase from 2018 when just 39% of respondents said the same. The remote working possibilities are thought to be powering the change.

Some of the largest cities in the U.S. have reported large numbers of people moving away for more rural portions of the country in 2020. Being cooped up in a small apartment for months on end due to the enduring pandemic has proved to be too tiresome for many, and those who haven’t been able to escape urban sprawl this year are at times undoubtedly yearning for greener pastures and wide-open spaces. A new Gallup survey shows how the desire to live in a rural or small-town setting has risen substantially over the past two years.

MREIT is positioned ahead of the market which makes the initial North Georgia Purchase a valuable asset. The property in located in Summerville, Georgia. In May 2021, the median list price of homes in Summerville was $142.5K, trending up 42.9% year-over-year. The median listing price per square foot was $100. The median sale price was $114K however sales prices are predicted to continue rising as more people move to rural areas.

Strategy Summary

MREIT is committed to developing and managing real estate projects responsibly and with integrity for the benefit of our investors, partners, and the community.

MREIT values the importance of collaboration through joint ventures and business development with municipalities and community-based businesses which ultimately provides the highest return for investors.

Frequently Asked Questions

FAQ's

REITs’dividends are substantial because they are required to distribute at least 90 percent of their taxable income to their shareholders annually.

REITs’ have provided long-term total returns similar to those of other stocks and offer competitive long-term performance.

REITs’ dividend yields have historically produced a steady stream of income through a variety of market conditions.

REITs’ offer access to the real estate market typically with low correlation with other stocks and bonds

Contact Sponsor

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Investor Tutorial

CERTAIN INFORMATION REGARDING THIS OFFERING

THESE UNITS ARE BEING OFFERED WITHOUT REGISTRATION UNDER ANY FEDERAL OR STATE SECURITIES LAWS, BUT ARE BEING OFFERED UNDER AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AND UNDER COMPARABLE EXEMPTIONS UNDER VARIOUS STATE SECURITIES LAWS. HOWEVER, THE SECURITIES AND EXCHANGE COMMISSION (“COMMISSION”) HAS NOT DETERMINED THAT THESE UNITS ARE EXEMPT FROM REGISTRATION. THESE UNITS HAVE NOT BEEN REVIEWED, APPROVED OR DISAPPROVED BY THE COMMISSION OR ANY STATE SECURITIES COMMISSION, NOR HAS THE COMMISSION OR ANY STATE SECURITIES COMMISSION PASSED UPON THE ACCURACY, ADEQUACY, COMPLETENESS OR MERITS OF THIS MEMORANDUM, AND ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE. THIS MEMORANDUM DOES NOT CONSTITUTE AN OFFER TO SELL TO, OR A SOLICITATION OF AN OFFER TO BUY FROM, NOR SHALL ANY OF THE UNITS BE OFFERED OR SOLD TO, ANY PERSON IN ANY JURISDICTION IN WHICH SUCH AN OFFER, SOLICITATION, PURCHASE, OR SALE IS UNLAWFUL OR UNAUTHORIZED UNDER THE SECURITIES LAWS OF SUCH JURISDICTION.

THE STATEMENTS MADE HEREIN ARE MADE AS OF THE DATE ON THE COVER OF THIS OFFERING MEMORANDUM. THIS OFFERING MEMORANDUM CONSTITUTES AN INVITATION TO THE PROSPECTIVE INVESTOR TO SUBMIT AN OFFER TO SUBSCRIBE. NO PERSON MAY PURCHASE THE UNITS OFFERED HEREBY EXCEPT PURSUANT TO AN EXECUTED SUBSCRIPTION AGREEMENT IN THE FORM PRESCRIBED BY THE FUND, AND THEN ONLY FROM A PERSON TO WHOM THE FUND OR ITS DESIGNATED AGENT HAS DELIVERED A COPY OF THIS OFFERING MEMORANDUM.

THESE UNITS ARE SUBJECT TO RESTRICTIONS ON TRANSFERABILITY AND RESALE AND MAY NOT BE TRANSFERRED OR RESOLD EXCEPT AS PERMITTED BY THE FUND. INVESTORS SHOULD BE AWARE THAT THEY MAY BE REQUIRED TO BEAR THE FINANCIAL RISKS OF THIS INVESTMENT FOR AN INDEFINITE PERIOD OF TIME. THERE IS CURRENTLY NO PUBLIC MARKET FOR THESE UNITS.

IN MAKING A DECISION TO PURCHASE UNITS HEREUNDER, PROSPECTIVE INVESTORS MUST CONDUCT THEIR OWN INDEPENDENT INVESTIGATION OF THE FUND AND THE TERMS OF THIS OFFERING, INCLUDING THE MERITS AND RISKS INVOLVED, AND ARE ENCOURAGED TO CONSULT WITH THEIR ADVISORS AS THEY WILL BE REQUIRED TO REPRESENT THAT THEY ARE ABLE TO BEAR THE ECONOMIC RISK OF THEIR INVESTMENT AND THAT THEY ARE FAMILLIAR WITH AND UNDERSTAND THE FUNDAMENTAL RISKS AND TERMS OF THIS OFFERING.

NO PERSON HAS BEEN AUTHORIZED TO GIVE ANY INFORMATION OR MAKE ANY REPRESENTATION WITH RESPECT TO THE OFFERING OF THE UNITS WHICH IS NOT CONTAINED OR REFERENCED HEREIN, AND, IF GIVEN OR MADE, SUCH INFORMATION OR REPRESENTATION MUST NOT BE RELIED UPON AS HAVING BEEN AUTHORIZED BY THE FUND. POTENTIAL INVESTORS MAY, IF THEY SO DESIRE, MAKE INQUIRIES OF THE FUND WITH RESPECT TO THE FUND’S BUSINESS OR ANY OTHER MATTERS SET FORTH HEREIN, AND MAY OBTAIN ANY ADDITIONAL INFORMATION WHICH SUCH PERSON DEEMS TO BE NECESSARY IN ORDER TO VERIFY THE ACCURACY OF THE INFORMATION CONTAINED IN THIS MEMORANDUM (TO THE EXTENT THAT THE FUND POSSESSES SUCH INFORMATION OR CAN ACQUIRE IT WITHOUT UNREASONABLE EFFORT OR EXPENSE).

September 21 2021

Confidential Offering Memorandum: Minority Real Estate Investment Trust Inc

PROSPECTIVE INVESTORS ARE CAUTIONED NOT TO CONSTRUE ANY CONTENTS OF THIS OFFERING MEMORANDUM OR ANY PRIOR OR SUBSEQUENT COMMUNICATIONS, AS CONSTITUTING INVESTMENT, LEGAL OR TAX ADVICE; RATHER THEY SHOULD CONSULT THEIR OWN ADVISORS OR COUNSEL WITH THE CAPACITY TO ADVISE AND PROTECT THEIR INTEREST IN CONNECTION WITH ALL MATTERS CONCERNING THIS OFFERING MEMORANDUM.

THIS OFFERING MEMORANDUM DOES NOT KNOWINGLY CONTAIN ANY UNTRUE STATEMENT OF A MATERIAL FACT OR OMIT A MATERIAL FACT, AND ANY SUCH MISSTATEMENT OR OMISSION IS DONE WITHOUT THE KNOWLEDGE OF THE PREPARERS OF THIS DOCUMENT OR THE FUND. AS SUCH THE FUND BELIEVES THAT THIS OFFERING MEMORANDUM CONTAINS A FAIR SUMMARY OF THE MATERIAL TERMS OF ALL MATTERS, DOCUMENTS AND CIRCUMSTANCES MATERIAL TO THIS OFFERING. WHILE THE DATA AND STATEMENTS CONTAINED HEREIN ARE BASED UPON INFORMATION BELIEVED TO BE RELIABLE, NO WARRANTY CAN BE MADE AS TO THE ACCURACY OF SUCH INFORMATION OR THAT CIRCUMSTANCES HAVE NOT CHANGED SINCE THE DATE SUCH INFORMATION WAS SUPPLIED. THIS MEMORANDUM CONTAINS SUMMARIES OF CERTAIN PROVISIONS OF DOCUMENTS RELATING TO THE BUSINESS OF THE FUND AND THE UNITS OFFERED HEREBY, AS WELL AS SUMMARIES OF VARIOUS PROVISIONS OF RELEVANT STATUTES AND REGULATIONS. SUCH SUMMARIES DO NOT PURPORT TO BE COMPLETE AND ARE QUALIFIED IN THEIR ENTIRETY BY REFERENCE TO THE TEXTS OF THE ORIGINAL DOCUMENTS, STATUTES AND REGULATIONS.