NY Residential REIT, LLC | REIT Profile

CIK: 1692725
CIK: 1692725
Founded: 2016 (8 years)
HQ: New York, NY, United States
Type of REIT: Equity REIT
Listing Status: Public, Non-Listed
REIT Sector: Residential

New York City real estate has long attracted global investors seeking income, appreciation, and inflation-protection. However, with the average apartment in Manhattan priced at more than $2 million, only a limited pool of investors have the resources necessary to invest directly in Manhattan residential real estate. Compound has formed NY Residential REIT, LLC (the Company) to purchase, invest in, and manage a portfolio of residential properties located in Manhattan, which will provide both accredited and non-accredited investors with the ability to obtain exposure to Manhattan residential real estate. Compound lets everybody invest in residential real estate, even in places where the average home price is beyond reach. Compound is a venture capital-backed asset management firm that creates city-specific residential real estate funds designed for the next generation of investors. Our first fund is Manhattan residential real estate, an asset class that has historically been out of reach for the everyday investor but has outperformed almost every relevant benchmark, including the Dow Jones, the S&P 500 and even gold.