Carmel-based Mainstreet Property Group LLC is looking to build a more than $13 million medical “resort” in Monroe County. The company says ground could be broken on the 100-bed facility early next month. Mainstreet will attempt to raise money for the project through a crowdfunding initiative. April 21, 2014
INDIANAPOLIS, Ind. – Mainstreet, the nation's largest and most innovative developer of short-stay rehabilitation facilities, has announced the launch of a direct investment initiative to fund its new Bloomington project.
Mainstreet and MS Bloomington, LLC are offering investors an exciting opportunity to participate directly in the MS Bloomington development project and earn a targeted 10 percent annualized cash yield plus potential upside. In conjunction with CrowdStreet, investors will have the opportunity to review the project and relevant information on a secure web site and commit capital directly to the project on-line.
“Consistent with our mission to think differently, innovate and transform industries, Mainstreet is among the first to offer private real estate investment opportunities directly to the public,” said Zeke Turner, Founder and CEO of Mainstreet. “Direct investment initiatives for real estate have great potential to not only fund worthwhile projects like this, but also to provide individuals interesting and compelling opportunities they historically may not have had access to. We couldn't be more excited about unlocking the potential of direct investment funding initiatives for real estate as we believe it will transform the industry. We are also excited to partner with the CrowdStreet team, a forward thinking, and visionary platform on the leading edge of the industry.”
“We couldn't be more pleased with the opportunity to work with Mainstreet on this pioneering initiative,” said Darren Powderly, Co-Founder of CrowdStreet. “Our goal is to connect accredited investors with high-quality, professionally-managed real estate investments. The Mainstreet team has a proven business model and a track record of success.”
Mainstreet will host an information session for accredited investors on Tuesday, May 13, 2014 at 10 am in Bloomington. Reservations are required. For more information, visit www.buildmainstreet.com.
Indiana-based Mainstreet is the nation's most innovative developer of short-stay rehabilitation properties, known for acquiring and developing desirable, concierge-based health care properties. The company's industry-leading Next Generation designs meet the demands of the Baby Boomer, creating communities with multiple social destinations, restaurant-style dining, spacious private rooms and baths, and therapy/wellness. Mainstreet was named to the Inc. 500/5000 list of fastest-growing companies in 2010, 2011 and 2012. For additional information, visit www.mainstreetinvestment.com.
CrowdStreet is a Crowdfunding platform connecting accredited investors with high-quality, professionally-managed investment real estate opportunities. Investors gain access to exclusive investment property opportunities and a dashboard where they can track their investments. Sponsors get a new source of capital for acquisition, recapitalization/refinance or redevelopment. For additional information, please visit www.crowdstreet.com.