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Friday, April 17, 2015

Rich-Uncles.com 1st Quarter 2015 Dividend Declared



Lot's of great news coming out of the Rich-Uncles.com headquarters in Newport Beach, CA.  On 4/15/15 the company sent out this communication to its investors and Facebook followers:  


RichUncles.com 
Nexregen Real Estate Investment Trust I

$65,000 Dividends Paid
1st Quarter Dividend Declared
RichUncles.com is proud to be distributing $65,000 in dividend income to Shareholders.

A cash Dividend for the first quarter of 2015 equal to $.1875 per $10.00 Share will be paid on April 15, 2015 to interest holders of record as of March 31, 2015.  

The Dividend equals an annualized 7.5% investment return. 


Business Update.  

RichUncles.com (Nexregen Real Estate Investment Trust I),  (the “Company” or “we”, “us”, or “our”) continued its positive momentum during the first quarter.

In February, we purchased a Chevron service station including a Chevron-branded “ExtraMile” convenience store in Rancho Cordova (Sacramento), CA.  This Chevron property is strategically located at an 80,000 cars-per-day intersection in a busy commercial area.  We have executed a new, 10-year NNN lease with the service station owner/operator, who owns and operates multiple service stations and has a significant net worth.

The Company’s growth trajectory is accelerating.  More REIT Shares were sold in March than any other month to date, by a significant margin.  We recently integrated an ACH feature, whereby Company REIT Shares can be fully purchased on-line via RichUncles.com. This has facilitated an increase in Shares purchased and an overall enhanced user experience.

Our acquisition Line of Credit balance is again approaching $0 and we anticipate entering escrow shortly on our next acquisition – updates to follow.

(The purpose of the Line of Credit is to buy income generating commercial real estate investments in conjunction with selling Company Shares.  As Shares in the Company are sold, the Line of Credit balance is correspondingly reduced.  In this regard, new Shareholders immediately own income producing real estate and immediately earn Dividends derived from this real estate).


Investment Update.

All of our investments remain 100% leased with all scheduled rents received on a timely basis.

Our Del Taco investment is a partnership interest in 22 Del Tacos. The partnership has retained a commercial real estate broker to sell these Del Tacos, which we are in favor of.  We believe that we will realize a handsome investment return.  We expect a sale to conclude by late 3Q15 or early 4Q15.  We will provide updates in subsequent reports.

We have offers out on two properties and are in negotiations to purchase another Sacramento-area Chevron / ExtraMile service station from the seller (and now tenant) of our Rancho Cordova Chevron.  We expect to place our next property in escrow before the end of April.


Dividend. 

RichUncles.com is proud to be distributing $65,000 in dividend income to Shareholders.

A cash Dividend for the first quarter of 2015 equal to $.1875 per $10 Share will be paid on April 15, 2015 to Shareholders of record as of March 31, 2015.  This Dividend equals an annualized 7.5% investment return.   

Shareholders who purchased Shares during the first quarter of 2015 will have their Dividend payment pro-rated based upon a 90 day calendar quarter, as measured from the date shown on each Shareholder’s Share Certificate.

Shareholders who purchased Shares on more than one occasion will receive one check representing all of the Dividends owed to them; and those who own their Shares in a custodial retirement account will have their Dividend paid directly to the account custodian.

Shareholders who have elected to participate in the Company’s Dividend Reinvestment Program will receive notification via email of their current Share account balances, including the reinvested Dividends, on April 15, 2015.

Questions, Comments or Concerns.  Please send any questions, comments or concerns to info@RichUncles.com.  We would love to hear from you.

Howard Makler, President 
(714) 309-1600 direct
howard@RichUncles.com

For current and future investors, interesting developments here include:
  • March record influx of new investors.  This is a bullish signal of confidence in the investment.
  • Acquisition of new properties:  "We anticipate entering escrow shortly on our next acquisition – updates to follow….We have offers out on two properties and are in negotiations to purchase another Sacramento-area Chevron / ExtraMile service station from the seller (and now tenant) of our Rancho Cordova Chevron.  We expect to place our next property in escrow before the end of April."
  • Sale of existing assets:  "Our Del Taco investment is a partnership interest in 22 Del Tacos. The partnership has retained a commercial real estate broker to sell these Del Tacos, which we are in favor of.  We believe that we will realize a handsome investment return."  
I contacted CEO, Harold Hofer, to get his personal take on the 1st Quarter and he had this to say,

"We are extremely pleased with our first quarter results.  As anticipated, all tenant rent payments were received as scheduled.  Our dividend payment was again fully supported by rents received.  The pace of REIT share sales continues to accelerate, allowing us the opportunity to actively be in the market to purchase more properties. 
Earlier in the quarter, 1099 tax forms were delivered to shareholders by January 31.
We remain laser focused on our game plan, which is the investment in and management of quality, cash-flowing properties that provide consistent and reliable dividends to our shareholders."


There you have it, friends.  With that, onto Q2!  Thanks for reading.  Questions?  Email: info@commoncoremoney.com.

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