Netz Capital Management To Offer Crowdfunded Commercial Real Estate Investment Offerings
Updated: May 17, 2019
ROCKY HILL, CT, May 15, 2019 – Netz Capital Management is pleased to announce it will use a CRE crowdfunding platform to offer its latest asset. Netz Capital will present direct offerings to passive commercial real estate investors as part of its market expansion strategy in the Northeast and Southeast of the U.S.
“Leveraging our impressive track record to capture new inflows of capital through crowd funding will provides us with the ability to broaden our investor base in an increasingly complex and competitive CRE market,” says principal Frank M. Micali, CCIM. “Combined with a stable and strong U.S. economy, there is a growing desire among individual investors for exposure to quality institutional quality real estate investments.”
The Company is in the process of performing due diligence with several crowdfunding marketplaces. It’s first offering will be 50FORTY on 7th, a midrise office building with structured parking deck totaling 82,763 RSF is located in the City of Miami. The highly visible, nine-story office building, which boasts 360-degree panoramic views of the “Magic City,” is strategically situated along the densely populated NW 7th Street corridor just south of the 250-acre Blue Lagoon Corporate Park, Miami International Airport (MIA), the Dolphin Expressway (SR 836), among other points of interest.
The property’s central location, efficient highway access and comparative value vis-à-vis more expensive surrounding submarkets of Coral Gables, Downtown Miami and Airport West provides a competitive advantage. Anchored by long term creditworthy tenants representing over 30% of the building, 50Forty enjoys a diverse tenant base including medical, GSA, engineering, communications and realty with minimal near-term rollover.
About Netz Capital Management
Netz Capital Management LLC is a fully-integrated commercial real estate investment firm based in New York City and New Haven, Conn. We are a U.S. subsidiary of the Netz Group Ltd., a holding company publicly traded on the Israeli stock market (TASE: NETZ). Through its parent company and its wholly owned subsidiaries including Netz USA, the firm owns and operates more than $220 million in office, commercial and multi-family properties in the U.S. Focused on unlocking value to transform high-potential assets, the firm is actively expanding their property portfolio on the East Coast of the U.S. from Connecticut to Florida. For more information visit www.netzcapitalmgt.com