IPO - RealtyMogul Apartment Growth REIT, Inc.
Form Type: 253G2
Filing Date: 2025-06-30
Corporate Action: Ipo
Type: Update
Accession Number: 000164117225017112
Filing Summary: This supplement updates the Offering Circular dated August 21, 2024, regarding RealtyMogul Apartment Growth REIT, Inc.'s Second Follow-on Offering and distributions. The Second Follow-on Offering, which began on August 21, 2024, aims to raise up to $71,628,340 by offering shares of common stock. As of May 31, 2025, approximately $65,809,000 has been raised and approximately 6,347,000 shares have been issued to around 3,600 investors. Additionally, requests for share repurchases have exceeded the limits set in the share repurchase program. Distributions authorized by the board of directors include daily cash distributions from April 1, 2025, to June 30, 2025, with varying amounts per share. The expected payment date for these distributions is around July 15, 2025. The distributions represent approximately 4.5% of the net asset value based on current share prices.
Additional details:
Status Of Second Follow On Offering: up to $71,628,340 offered; $65,809,000 raised as of May 31, 2025
Share Repurchase Requests: exceeded limits of the share repurchase program
Distributions Period: April 1, 2025 to June 30, 2025
Expected Payment Date: around July 15, 2025
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