NEW YORK — Rainbow Realty Group, LLC is proud to announce the launch of Rainbow Realty Group Fund IV LLC, a private real estate fund, offering investment opportunities under Rule 506(c) of Regulation D. It is accessible only to accredited investors and is expecting its first close by the end of February.
Rainbow has a six-decade track record of success investing in the real estate industry through its sponsor and largest investor Gould Investors L.P. (“Gould”). Gould manages $2 billion in assets and controls two public REITs: One Liberty Properties, Inc. and BRT Apartments Corp. Inc. Gould is the largest investor in Rainbow, having invested more than 25% of the LP capital in the strategy to date.
Spanning the firm’s first three investment vehicles, Rainbow has deployed over $135M across 57 properties in 10 states. Rainbow has not missed a quarterly distribution payment since its inception in 2019.
Per Kyle Shenfeld, CEO of Rainbow: “We are excited to continue building upon our proven strategy. Due to a lack of traditional financing options in the nascent cannabis industry, Rainbow is earning higher-than-usual real estate level returns on low-risk stabilized real estate transactions. Rainbow and the Gould organization bring an institutional mindset – with over 230 years of real estate investing experience on our investment committee – to a burgeoning industry that is starting to mature.”
About Rainbow Realty Group
Rainbow Realty Group and its affiliates are real estate companies focused on retail, industrial, and greenhouse properties with cannabis companies in the United States. Rainbow offers sale-leaseback and mortgage financing with a portfolio consisting of 57 properties across 10 states. Rainbow’s parent co, Gould Investors L.P., has been in the real estate industry for 60+ years. Gould is a significant shareholder of NYSE: BRT and NYSE: OLP. For additional information, please visit: https://rainbowrg.com.
Statements included herein may constitute “forward-looking statements” within the meaning of the U.S. securities laws, and may relate to future events or our future performance or financial condition. These statements are not guarantees of future performance, condition or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in our filings with the Securities and Exchange Commission and others beyond Rainbow’s control. Rainbow undertakes no duty to update any forward-looking statements made herein.