LOS ANGELES-Realty Mogul, a newly launched commercial real estate investment website that utilizes crowdfunding techniques to fund pre-vetted investments, has purchased five multifamily properties with a total of 141 units in the Baldwin Hills neighborhood of Los Angeles, GlobeSt.com learns in this exclusive story. According to Jilliene Helman, the group's co-founder and CEO, "This latest group of apartment buildings now joins the $85 million worth of properties we¹ve already helped to fund nationwide."

Through the crowdfunding platform, a group of smaller investors led by principals of Crawford Park Financial and Apts Mgmt LLC will acquire the five properties. The remaining investors will participate as equity stakeholders, earning a portion of cash flow and equity related based on their initial investment. "We're very pleased to be participating in such a significant venture in one of the largest real estate markets in the country," says Helman. "We have many accredited investors from around the world that are interested in investing in the Golden State."

The property was available below replacement cost, allowing Crawford Park to add value to the property. "We expect to add value by repositioning the property through building improvements and professional management, which we anticipate will also act to increase the property's cash flow," Crawford Park Financial president Mark Crawford says. The proposed improvement plan includes an energy savings program, rebranding and improvements to elevate the property to the "standards consistent with other properties in the surrounding marketplace," according to Helman.