Kellen Capital launches new crowdfunding investment fund.
M2 EQUITYBITES-October 8, 2015-Kellen Capital launches new crowdfunding investment fund
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Kellen Capital Inc., said its has opened a real estate opportunity fund for commercial, multi-family residential, with projects in the gambling and casino space for investors in the US, Europe and Asia.
The company said the fund has lowered the investment threshold, so with as little as a USD25,000 investment, accredited investors can participate in high yield safe investments generally reserved for only the rich and seasoned investor.
Marie Simonsen, principal of Kellen Capital, has over 20 years of real estate investing experience, said he focuses on repurposing undervalued properties.
Kellen's USD100 million dollar Opportunity Fund offers a casino transaction with USD17.1 million of annualized revenue and sells for USD14 million. Simonsen said, "Even on a buy/hold with some small personnel changes and putting controls in place, we think we can see a 40 percent higher revenue model within the first six months, there is just that much upside."
Kellen has positioned its Opportunity Fund for Accredited Investors, but is one of the few funds to allow a buy in of only USD25,000.
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