WEST FARGO, SW, February 28, 2024–(BUSINESS WIRE)–EPIC Companies announces the launch of Vision REIT by EPIC, a real estate investment trust that provides investment opportunities to accredited investors in multiple real estate developments in North Dakota and throughout the Upper Midwest.
Vision REIT aims to provide investors with the opportunity to earn stable tax-advantaged income through a real estate investment trust. Vision REIT's properties will be managed by EPIC's experienced management team with a proven track record in real estate. Vision REIT is governed by a seven-member Board of Directors, each of whom has significant real estate investment expertise and experience.
“EPIC Companies wants to bring greater investment, resources and opportunity to North Dakota, specifically, and the Midwest, in general — Vision REIT is a vehicle to do that,” said Todd Berning, President of EPIC Companies. “Vision REIT will not only be a new opportunity for accredited investors looking for a steady source of tax-advantaged income, but it will enable EPIC Companies to more effectively and efficiently do the work we care about — developing real estate to help our communities to thrive,” Berning said.
Vision REIT by EPIC is limited to accredited investors and aims to provide the following:
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Tax advantages: Allowing property owners to contribute their own real estate to the REIT (via the UPREIT structure) and defer paying tax on any gain.
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Stable income: Generate income by renting real estate, paying at least 90% of taxable income to shareholders.
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Diversification: Providing investors with portfolio diversification by investing in local and regional real estate without the hassle of direct property management.
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Access to EPIC projects: Giving investors the opportunity to participate in EPIC projects without the burden of personal guarantees.
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New and stabilized ownership strategy: Implementation of strategies for the development of new EPIC real estate projects as well as the acquisition of stabilized properties.
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Avoid personal guarantees: Investing in Vision REIT allows investors to avoid personal guarantees.
Vision REIT will continue to invest in our local area to improve the quality of life by advancing the mission of innovative development in our communities.
Units will be sold for $10.00 per unit with a minimum investment of $50,000. With the first $20 million raised, investors will have the opportunity to invest at a unit price of $9.00 with a minimum investment of $250,000.
For more information, visit www.VisionREITbyEPIC.com.
Before making an investment decision, all investors should carefully review Vision REIT from EPIC's Confidential Private Placement Memorandum.
This press release contains forward-looking information that is based on assumptions and is subject to risks and uncertainties. The information is for informational purposes only and should not be relied upon as tax, legal, investment or other advice. Investment is limited to accredited investors.
The securities can only be sold to “accredited investors”, which for natural persons are investors who meet certain thresholds of minimum annual income or net worth. The securities are being offered pursuant to an exemption from the registration requirements of the Securities Act and are not required to comply with specific disclosure requirements applicable to registration under the Securities Act. The Securities and Exchange Commission has not approved the value of the securities, the terms of the offering or the accuracy or completeness of any offering materials. The securities are subject to legal restrictions on transfer and resale, and investors should not assume that they will be able to resell their securities. Investing in securities involves risk and investors should be able to afford to lose their investment.
See the original version on businesswire.com: https://www.businesswire.com/news/home/20240227661395/en/
Contacts
McKenzie Braaten, Director of Communication
EPIC Companies 701.866.1006
