Read the reviews on this self storage sponsor from actual investors to determine if Reliant Real Estate Management is a scam sponsor or a legit real estate crowdfunding sponsor.īy accessing this site and any pages thereof, you agree to be bound by our Terms of Use and Privacy Policy. Typical investment by sponsor (% or equity) 5% Number of times exercise their callable right to investors 100%ġ4. If available) Average 20% IRR and 13% cash on cash returns over a ten year hold periodġ3. Average Investor IRR on completed deals (Low, high and median. Asset Value of Sponsor's Investments $350mmġ2. Number of deals sponsor has participated with outside investors 50+ Yearsġ1. Years of experience/existence 30+ years in the industry, Reliant has been in business for the 7 yearsġ0.
When IRR hurdles are met usually a 12% the ownership flips to 50/50ĩ. Promote & waterfall (typical) Ownership starts at 30% GP / 70% LP. Sponsors Loan fee (typical) 1% Guarantor Fee if recourse, No fee if non-recourseħ. Management fee (typical) 6% - industry standardĥ. Acquisition fee (typical) 1% of Purchase Priceģ.
#RELIANT REAL ESTATE MANAGEMENT SOFTWARE#
A typical Reliant manager has numerous years of self storage experience, is fully versed in the management and truck rental software and builds his or her walk-in traffic through the carefully managed “grassroots” marketing efforts.įees and Other information about the sponsor:ġ. A Reliant manager prides him or herself on exceptional customer service, high closing rates, diligent revenue management, budget adherence and the aesthetic appeal of the asset. Since its formation, as part of its careful budgeting of operational costs, Reliant has analyzed its staffing needs with a view to minimization of internal staffing and associated overhead, while assembling a management team that is highly motivated, industry knowledgeable and consistently achieves high quality results. Reliant is committed to the physical and economic growth of an asset. With over 45 years of self-storage experience Reliant Real Estate Management manages the approximate 2,406,562 rentable square feet of the StoreSmart self-storage properties and other independently owned storage properties throughout the United States. He is married with two sons and lives in Atlanta, GA.Reliant Real Estate Management Reviews & Ratings Adam attended the University of Tennessee, Knoxville where he earned a Bachelor of Business Administration in Finance. In addition, he has received the CoStar Power Broker distinction across multiple years. Rookie of the Year Award recipient and Phoenix Award recipient. While at Resource, Adam structured several complex acquisitions, both as a principal investor and on behalf of his institutional and private equity clients.ĭuring his real estate career, Adam has been named by the Atlanta Commercial Board of Realtors as a Top Producer, L. In 2007, Adam joined Resource Real Estate Partners, where he represented institutional and corporate clients in leasing, acquisitions, dispositions, build-to-suits, development and consulting. Adam then joined Trammell Crow Company’s growing tenant representation and corporate services team where he focused on site selection, lease analysis and negotiations for major corporate clients including Tyco, Panasonic, Briggs & Stratton, Recall Total Information Management, Geodis and Metso Paper. His team was responsible for a portfolio exceeding 15M SF for clients such as Invesco, Crow Family Holdings, TIAA, TA Realty Associates and Manulife Financial. Adam began his real estate career in 2000 as an industrial landlord representative with Trammell Crow Company. Adam Richards is the Principal and Co-Founder of Reliant Real Estate Partners, based in Atlanta, GA.
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