New Online Platform Enables an Individual to Become a Commercial
Real Estate Investor for as Little as $1,000
Portland, OR – October 16, 2018 – BuildingBITS, a proprietary online real estate investment platform that enables non-accredited investors to purchase economic interests in companies that own commercial buildings, launched today, according to BuildingBITS founder Alexander Aginsky.
“Up until recently federal regulations prohibited smaller, everyday investors from access to large-scale commercial real estate projects, which left them few options to grow their wealth and widened the gap in income classes,” Aginsky said. “New regulations in 2015 helped create a whole new playbook for non-accredited investors, and that’s where BuildingBITs comes in.”
For an investment as small as $1,000, an individual can buy a “BIT.” BITs are fractional shares in the economic rights of a wholly owned subsidiary that holds title to a specific property the investor chooses, with profits and losses of the subsidiary flowing up to all the property’s BIT holders. There is no limit to individual investment prior to a building’s full funding.
Using proprietary software and an online marketplace, BuildingBITS enables small or large investors a new class of investments designed to complement all level of investment portfolios. BuildingBITS portfolio of investment properties emphasizes new construction, quality tenants, long-term leases and reduced transaction fees, with conservative returns.
BuildingBITS offers a simple four-step investment process:
STEP 1: The investor browses buildings that appeal to him/her personally with returns that meet specific investment needs;
STEP 2: The investor buys as many BITs as he/she wants through a simple investment process;
STEP 3: Once the chosen building is fully funded, earning income and appreciation potential kicks in;
STEP 4: The investor can diversify his/her real estate portfolio by buying different BITs.
“We are democratizing real estate investment with complete transparency,” Aginsky said. “Traditional REITs are handled by investment managers at their discretion or whim. We allow investors to pick their own properties and invest as much as they want.”
Current buildings under contract are located in Pennsylvania, South Carolina, Oregon, and Minnesota. The company is in aggressive expansion mode and plans to grow its portfolio of properties throughout North America and abroad in the near future.
Headquartered in Portland, Oregon, BuildingBITs’ mission is to provide equal access to opportunities in commercial real estate for all investors, accredited and non-accredited, professional and beginner, institutional and individual, foreign and domestic—irrespective of their physical location or financial wherewithal. The company’s objective is to become a leading global real estate platform for property owners and real estate investors, with a primary focus on income-producing commercial real estate, geared to individual (retail) non-accredited investors. Visit BuildingBits.com or email firstname.lastname@example.org.