DiversyFund Announces First Ever 'No Fee' Real Estate Income Fund
SAN DIEGO, August 14, 2017 (Newswire.com) - DiversyFund, Inc., a fast growing, online real estate investment platform, announced the first ever "no fee" real estate debt fund to investors today. With the Fund, investors gain the ability to invest in a diversified portfolio of real estate debt investments that target risk-adjusted returns and generate passive income.
The Fund already has an impressive four-year track record since its launch in March 2013, posting an average annualized net return of 11.4% since inception through Q1 2017, a track record that few Wall Street funds have been able to match. The Fund targets passive income by making real estate-backed debt investments in assets featured on DiversyFund's platform. The Fund makes quarterly distributions of interest income to its investors and has never lost any investor principal. The minimum investment amount is $10,000.
Similar real estate debt funds and Wall Street hedge funds often charge their investors a heavy fee load consisting of a 1 to 2% asset management fee per year and an additional profit-sharing fee, known as the carried interest.
"One of the hallmarks of real estate crowdfunding has been to reduce fees by cutting out the brokers and middlemen and reducing management fees. We decided to take this industry innovation one step further by eliminating all fees typically charged to investors by other diversified funds in the market," said Alan Lewis, Chief Investment Officer and co-founder of the Fund's manager, DiversyFund, Inc. "Unlike other real estate funds, we believe we have created a better business model, by developing our real estate projects in-house, that allows us to declare war on fees while also giving our investors greater quality control and superior investor reporting."
Craig Cecilio, CEO and founder of DiversyFund, Inc. points out that, "Offering our 'no fee' passive income Fund to the investing public was a natural progression in DiversyFund's goal to consistently find ways to offer superior real estate investments that utilize technology for greater transparency while eliminating the investor fees that have long been a necessary evil in the industry. Our Company is proud to be a pioneer in an industry that is revolutionizing the way average investors access alternative investments like real estate."
About DiversyFund:
DiversyFund, Inc. is a modern full-service online crowdfunding real estate investment platform. The Company connects accredited investors to some of the most attractive real estate investment opportunities in the nation. The Company's principals, Craig Cecilio and Alan Lewis, combine nearly four decades of collective experience in the real estate investment industry bringing the best of both real estate expertise and Wall Street experience to the Company's investors. DiversyFund is focused on changing the world of real estate investing and is dedicated to providing investors with diversification via high-quality and thoroughly-vetted alternative investment opportunities in both commercial and residential real estate.
To learn more about DiversyFund and join their network of online investors, please visit DiversyFund.com.
For media inquiries:
Affif Siddique
510-432-0030
saffif@diversyfund.com
Source: DiversyFund, Inc.