IRVINE, Calif.--(BUSINESS WIRE)--1031 Crowdfunding (1031 CF), a real estate investing platform, today announces the launch of its Covenant Senior Housing REIT, Inc. (CSHREIT). As the company’s first Real Estate Investment Trust offering, CSHREIT focuses on stabilized, income-generating and opportunistic value-add commercial real estate with a concentration in senior housing, one of 1031 CF’s investment specialties nationwide.
The private REIT seeks to help stockholders allocate a portion of their long-term investment portfolios to commercial real estate with the potential for lower volatility than many publicly traded REITs. Based on the REIT Advisor’s asset valuation at the time of contribution, total asset value for the REIT is $51.25 million with an 89.0% occupancy rate across three properties in two states, Oregon, and California.
“The Covenant Senior Housing REIT is the first of its kind for 1031 Crowdfunding and will allow us to acquire and manage more income-producing commercial properties and real estate-related assets within strategic markets nationwide,” said Edward Fernandez, President and CEO of 1031 Crowdfunding. “We specialize in acquiring senior housing facilities, an asset class poised for robust and ongoing growth due to aging demographics and the long-term potential for a hedge against inflation. With a $5,000 minimum, we’re eager to reach accredited investors who want to invest in real estate yet embrace lower volatility than that of publicly traded REITs.”
Classified as a non-listed, perpetual-life real estate investment trust, CSHREIT launched on November 1, 2023, with the primary objectives to:
- Preserve capital: To preserve and protect our stockholders’ investments in us.
- Generate income: Provide attractive current income in the form of regular, stable cash distributions to our stockholders.
- Achieve Appreciation: To seek to grow our NAV as a potential offset to the erosion in the value of the dollar caused by inflation.
CSHREIT will concentrate on secondary metro markets nationwide in an effort to generate these returns. Currently, the REIT holds three properties, all classified as assisted living and memory care facilities: Rosewood Specialty Care (Hillsboro, Oregon), Pacific View (Bandon, Oregon), and Sunlit Gardens (Rancho Cucamonga, California). In recent years, senior housing has gained popularity among institutional investors because baby boomers, the second-largest generation in the United States, are aging. This drives demand for senior housing facilities, and therefore the attractiveness of investing in them. CSHREIT is for accredited investors only.
For more information on the Covenant Senior Housing REIT, visit www.CSHREIT.com.
About 1031 Crowdfunding
1031 Crowdfunding is an online marketplace where real estate investors can find, view and purchase a variety of available, turnkey, investment-grade properties. We present investors with 1031 exchange-qualified properties through Delaware Statutory Trusts (DSTs) to ensure every 1031 exchange investor has the opportunity to complete a successful exchange.
For more information on 1031 Crowdfunding, visit www.1031Crowdfunding.com or call 844-533-1031.
This material is designed for marketing purposes only and does not constitute an offer to sell or a solicitation of an offer to buy securities. The securities offered pursuant to the Confidential Private Placement Memorandum of the Covenant Senior Housing REIT, Inc., dated November 1, 2023, as supplemented or amended from time to time (the “PPM”), have not been registered under the Securities Act of 1933, as amended (the “Securities Act”) or any applicable state securities laws. Neither the U.S. Securities and Exchange Commission (the “SEC”) nor any state regulatory authority has passed upon the adequacy or accuracy of the information contained herein or endorsed the merits of this offering. The information contained herein is subject to change, is current as of November 1, 2023, and is qualified in its entirety by the PPM. Investment in the Covenant Senior Housing REIT, Inc. is limited to Accredited Investors (as such term is defined in Rule 501(a) of Regulation D).
