Generation Income Properties CEO, David Sobelman, talked with National Association of Realtors to explain the new rule from the Securities and Exchange Commission (SEC) that allows companies to sell securities through crowdfunding.
“Right now, when you think of crowdfunding, you might think of tech start-ups using the Internet to bypass Wall Street to reach hundreds or thousands of small investors. The SEC rule that comes out in late January will build on this framework by standardizing the rules of the road. The idea is to increase the transparency of the offering and set limits on how much one individual can invest, among other things. That opens the door to companies that might otherwise balk at crowdfunding to give it a try.”
“We are the first REIT to file under Regulation A+,” said Sobelman. “This allows us to start a public company that is tradable and transparent without as much expense and with more efficiency than other public companies starting out.”
See the article at Realtor.org and watch the video to see David’s interview.