DiversyFund Announces First Commercial Passive Income Investment Offering

San Diego, California, May 3, 2017 (Newswire.com) - DiversyFund, a fast-growing, full-service online real estate investment platform, announced today their newest passive income offering. It is a mixed-use, multifamily investment targeting 14% annualized returns, to be paid out to investors on a quarterly basis.

The investment is located in the heart of San Diego’s Hillcrest Neighborhood. Within close proximity to downtown attractions and blocks away from San Diego’s famous Balboa Park, the mixed-use development will be centrally located, delivering the ultimate walkable urban lifestyle to its residents given Hillcrest’s thriving restaurant and high-end bar scene.

14% Returns on Investment Multi-Family Property Passive Income Paid Quarterly A+ Location

Located on Park Boulevard in San Diego, California, the property is fully entitled and will feature 58 multifamily units, of which six units will be for affordable housing. Additionally, the project will have 5,000 square feet of commercial space on the ground floor.

Diversyfund remains committed to the San Diego real estate market given its strong performance indicators. “With rent increasing nearly 8% over the last 12 months and vacancy rates down near 2%, we are very bullish on the San Diego multifamily market despite the new construction coming online. Even more so, San Diego is beginning to receive increased national attention from tech companies in the Silicon Valley as a desirable corporate location with an attractive outdoor lifestyle, as well as a lower cost of living compared to San Francisco and other gateway cities,” said Craig Cecilio, CEO at DiversyFund.

Additionally, this offering doesn’t just have a spectacular location, but it also targets an attractive 14% annualized return to investors with payments to be made on a quarterly basis.

“We’ve received strong demand for this kind of income-generating offering from our repeat investors. The multifamily space continues to show strong performance due to rising housing costs and the Millennial workforce that prefers the lifestyle and flexibility of renting,” said Alan Lewis, Chief Investment Officer and Partner at DiversyFund.

With this new investment just entering the pre-construction phase and San Diego recently being listed in the top twenty places to invest in real estate, this passive income investment opportunity brings investors an opportunity to diversify their portfolio and gain steady returns.

About DiversyFund

DiversyFund is a modern full-service online crowdfunding real estate investment platform. The company connects accredited investors to high-quality real estate investment opportunities. With over two decades of experience in the real estate investment community, the company is focused on changing the world of real estate investing and is dedicated to providing investors with diversification via high-quality and thoroughly vetted investment opportunities.

To learn more about DiversyFund and join their network of investors, please visit diversyfund.com.

For media inquiries:
Affif Siddique
510-432-0030
[email protected]

Source: DiversyFund, Inc.