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As the real estate market has heated up over the past few years, so too has the interest in real estate investing. While most of the attention has been focused on private real estate (single-family homes, townhomes, condos, etc), there’s also commercial real estate.
A common misconception is also that commercial real estate is not affordable for the majority of people. While yes, in most cases the cost involved in buying and managing commercial real estate is higher than when it comes to private real estate, companies such as First National Realty Partners have made commercial real estate not just more accessible, but more affordable as well.
Keep reading to learn more about First National Realty Partners from this First National Reality Partners review so you can decide if they are the right fit for you and your commercial real estate investing needs.
- What Is First National Realty Partners?
- How Does It Work?
- What Are First National Realty Partners’ Fees and Membership Structure?
- Can Anyone Invest with First National Realty Partners?
- Is There A Minimum Investment To Get Started?
- So, How Do First National Realty Partners Choose Their Properties?
- But Are They Legit?
- Want To Know More About First National Realty Partners After Reading This First National Realty Partners Review?
What Is First National Realty Partners?
First National Realty Partners is a crowdfunding real estate investment platform that offers investment opportunities specializing in primarily grocery or big box store-anchored commercial real estate. The company was founded in 2015 in New Jersey and today they have assets under management across multiple states across the U.S. including:
- New Jersey
- New York
As we mentioned, First National Realty Partners focuses primarily on retail shopping centers that are often anchored by major grocery chains such as Whole Foods, Walmart, Publix, Winn Dixie, Kroger, Sprouts, Aldi, and more.
How Does It Work?
With First National Realty Partners, you don’t have to deal with any of the headaches that come along with owning commercial real estate. You simply put up the money for the investment and they handle the rest.
They find the shopping centers, buy them, lease the space out, and handle all property management. They then offer the property up to their clients for investment opportunities.
Clients have the option to either invest in one particular commercial real estate property (individual real estate fund). Or, you can also invest in First National Realty Partners’ entire portfolio (opportunity fund).
What Are First National Realty Partners’ Fees and Membership Structure?
First National Realty Partners does not charge any fees for opening an account with them. Even better, they don’t take any money off the top when you decide to invest.
Since they do handle all the “dirty work” when it comes to buying and running the property they do charge management and acquisition fees. They will also take a disposition fee when a property is either sold or refinanced.
Can Anyone Invest with First National Realty Partners?
By this point you might be thinking to yourself, “this is great, how do I get started!” Well, this is the part where I have to give some of you some bad news.
First National Realty Partners is available only for accredited investors and will require proof of accreditation before you can make your first investment.
If you are not already an accredited investor, it’s not too late to become one, however, you will be required to meet certain requirements to earn accreditation. One way to become an accredited investor is to have a net worth of at least $1 million. If you don’t qualify that way if you can show that you have a household income of at least $200,000 you can become accredited that way too.
While those are the two easiest ways to earn accreditation, there are 8 different ways that you can become an accredited investor.
Is There A Minimum Investment To Get Started?
Not only do you have to be accredited to begin investing, but First National Realty Partners also have a minimum investment requirement. The minimum investment requirement is $50,000. While that might seem high, the potential return on investment can be even higher. After all, you know what they say, “sometimes you have to spend money to make money.”
So, How Do First National Realty Partners Choose Their Properties?
When it comes to picking the right properties to invest in, First National Realty Partners has it down to a science.
Their #1 rule is they only invest in shopping centers that are anchored by large, established national brands. This helps increase the solidarity of the investment. In addition, the property has to meet no less than 60 unique requirements that First National Realty Partners sets forth in what they call the Dragnet Acquisition Model.
If a property meets First National Realty Partners’ very stringent requirements, it is then evaluated by its in-house real estate professionals.
First National Realty typically holds onto a property for anywhere from 3 to 7 years. At that time they will either sell it or refinance it and pay out anyone who invested in the property.
But Are They Legit?
There’s always a risk when it comes to investing but yes, First National Realty Partners is completely legitimate. In fact, they have an A+ rating with the Better Business Bureau and have been fully accredited since 2018.
You can also have the peace of mind of knowing that your money is protected should something go wrong. If you invest in a property and the deal falls apart for any reason, you will get 100% of your money back.
Want To Know More About First National Realty Partners After Reading This First National Realty Partners Review?
If you’ve liked what you read and are an accredited investor, then First National Realty Partners might be a good fit for you. For more information on First National Realty Partners, or to get started investing in grocery-anchored commercial real estate today, click here.
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