INDIANAPOLIS—Realty Mogul, a Los Angeles-basedonline capital platform, has just successfully used crowdfunding tohelp fund a major industrial real estate transaction in theIndianapolis area. The company's accredited investors contributedmore than one million dollars through the platform to help acquireJackson Industrial Park with Brennan Investment Group,LLC.

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“We are excited to partner with Brennan Investment Group, whichis nationally known for its expertise in identifying industrialproperties with desirable fundamentals such as tenantdiversification and high occupancy rates in attractive markets,”says Jilliene Helman, chief executive officer andfounder of Realty Mogul. “Jackson Industrial Park is anotherexample of the diversity of commercial real estate properties,including apartment buildings, office buildings, industrial parks,self-storage facilities and retail shopping centers that havebenefitted from crowdfunding as a viable source of capital.”

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Located in the Eastern submarket of Indianapolis, the industrialpark sits near several major transportation arteries and within aone day drive of about 75% of the US population. The260,400-square-foot portfolio has four buildings and suite sizesranging from 1,600-square-feet to 22,500-square-feet. Tenants froma wide range of industries occupy 77% of the portfolio.

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The Chicago-based Brennan will handle all aspects of the $8.7million dollar investment including acquisition, propertymanagement, leasing and selling the property at the end of thedesignated hold period.

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“This was our first experience with crowdfunding, and we'repleased with the efficiency of raising equity capital throughRealty Mogul's online platform,” says Michael W.Brennan, chairman and founding partner of Brennan and aco-founder and former chief executive officer of FirstIndustrial Realty Trust. “Our experience proves thatcrowdfunding is a credible way to raise equity and to gain accessto an untapped source of accredited investors eager to participatein the industrial real estate market for both current income andappreciation.”

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Brian J. Rogal

Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.