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RW Holdings NNN REIT to Become Modiv

By CIOReview | Tuesday, February 16, 2021

The company’s next moves include the launch of additional real estate investment goods, capitalization on the continuing evolution of the crowdfunding and non-traded REIT markets, the establishment of new investment relationships, and strategic acquisitions in fintech and proptech related projects.

FREMONT, CA: RW Holdings NNN REIT, real estate investment manager, and crowdfunding platform announced that the firm would move forward as Modiv, effective 1 February 2021. The new name represents the Group’s transformation after several acquisitions, its first-time investor goal, past and future product creativity, and its long-term growth opportunities as it seeks to make strategic investments in the non-listed real estate market.

Over the last two years, many transformational projects have been completed by Modiv, which started with the appointment of Aaron Halfacre as CEO and proceeded with the purchase of Rich Uncles Real Estate Investment Trust I (‘Rich Uncles’), the internalization of its executive team and the Fintech platform by its former sponsor, and the acquisition of REITless and BuildingBITs Crow. The company’s next moves include the launch of additional real estate investment goods, capitalization on the continuing evolution of the crowdfunding and non-traded REIT markets, the establishment of new investment relationships, and strategic acquisitions in fintech and proptech related projects.

Driven by Ray Wirta as Chairman and Halfacre as CEO, Modiv is the first company to have a 400 million dollars real estate investment trust directly from private investors, which owns rights to all of its assets and charges no ownership or performance fees. In addition, Modiv gains from additional growth and sales prospects by becoming the first crowdfunding real estate platform to be wholly owned by its own founders, not venture capitalists or foreign principals.

“Given all the changes we have already made and the possibilities we see in the future, we felt it was time to better reflect our growth potential,” said Wirta, the Chairman of Modiv and the former Chairman and CEO of CBRE. “We believe Modivs portfolio of investments furthers the company’s ability to deliver value across the real estate spectrum, and we will focus on our investors being at the center of everything we do.”

“Modiv is both a pioneer and innovator within the real estate crowdfunding space. We see tremendous change coming for the industry and we believe the events of the past year have accelerated a new phase where we could see further scale achieved,” stated Halfacre, Modiv’s CEO and a veteran of over 12 billion dollars in prior REIT merger activity. “Just as Vanguard meaningfully improved the mutual fund industry, we are on a mission to reimagine real estate and create a leading alternative investment manager of commercial real estate products that champions the individual investor by reducing high fees, eliminates conflicts of interest and embraces strong corporate governance aspects that have far too often been overlooked or ignored in the non-listed real estate industry.”

Thanks to the highly experienced internal executive team and board of directors, Modiv is exceptional in the industry. Each of the six most senior management team members has more than 25 years of real estate management experience. The seven members of the esteemed board of directors currently and previously held positions such as Chairman, President, Chief Executive Officer, Chief Financial Officer, and Chief Investment Officer for more than 12 public and private sectors.