Lakes of Summerville GA
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.
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.
Minority Real Estate Investment Trust Inc
The Minority Real Estate Investment Trust is managed by Marlena Barnett. Marlena has over 20 years of experience in business. She holds an undergraduate degree from the University of Michigan in Public Relations. A Master's Degree in Business Administration and she is currently pursuing her Doctorate Degree in organizational leadership. Marlena has comprised a team of knowledgeable developers, brokers and contractors.
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.
Home Sales $27,900,000
Vacation Rentals $268,800
Return to Investors $35,000,000
Net Profit $17,268,800
|Marketing & Administrative||$250,000|
|Reserve for Contingencies||$2,500,000|
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.
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
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
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