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Rastegar Launches Private REIT for Sunbelt Investments
Rastegar Property Company has launched a $200-million private REIT. Known as Rastegar Opportunity REIT, it will invest primarily in vintage multifamily and other opportunistic real estate assets throughout the Sun Belt region.
“We are concerned by public market volatility, and view the current multifamily environment as advantageous and prudent for opportunistic, investments in key technology-centered United States regions designed to hedge against inflation and insulate from global risk,” said Ari Rastegar, founder and CEO of Rastegar Property Company.
He continued, “We’ve uncovered off-market deep value in vintage multifamily complexes across Austin and Texas and throughout the Sun Belt states and are delighted about the opportunity to pass that value onto retail accredited investors through our REIT offering.”
The common stock of the REIT, priced at $100 per share, is expected to be made available through Boustead Securities, a FINRA member and the dealer manager to the offering.
For comments, questions or concerns, please contact Paul Bubny
- ◦Financing
- ◦Sale/Acquisition
