MJ REIT, a recently formed Real Estate Investment Trust, has partnered with Rainbow Realty Group and Arcview Capital. Rainbow Realty Group will serve as sub-manager to MJ REIT, responsible for selecting and underwriting investments, while Arcview Capital will serve as the managing broker-dealer, tasked with distributing shares to the investing public and providing sales support.
“With heightened volatility in the public markets and investor concerns around rising rates and inflation, it’s exciting to create a strategy that provides investors an innovative solution to help meet their long-term goals,” said Christopher Reece, CEO of MJ REIT.
The US cannabis market, valued at $10.8 billion in 2021, is projected to grow at a compound annual growth rate (CAGR) of 14.9% between 2022 and 2030, according to Grand View Research. The industry is growing with stunning speed — up 33% in jobs since 2021, according to Leafly, making 2022 the fifth year in a row of jobs growth over 27%. But given current Federal regulations, it is difficult for cannabis businesses to secure capital. MJ-REIT will provide the capital necessary for businesses to grow and flourish.
MJ REIT seeks to provide investors with solutions to three major investing challenges:
Income: Targeting approximately 10% annual distributions, paid in monthly 1099 Income
Diversification: Alternative investments like private commercial real estate can be complementary to a traditional stock & bond portfolio
Stability: Private commercial real estate has historically provided attractive risk-adjusted returns.
“By partnering with MJ REIT, we’ll help provide the capital needed for companies in this rapidly growing industry. With our multi-generational history of real estate investing, Rainbow employs a conservative underwriting approach and values properties using ‘non-cannabis’ valuations, unlike other cannabis REITs,” said Kyle Shenfeld, President of Rainbow Realty Group.
By bringing together Rainbow Realty Group’s unrivaled real estate experience and Arcview Capital’s distribution expertise, MJ REIT is well positioned to generate attractive risk-adjusted returns for investors. To learn more about MJ REIT and to stay up to date on the latest developments, please visit www.mj-reit.com.
MJ REIT is a hybrid real estate investment trust focused on acquiring, owning, leasing, and providing mortgages to properties across the United States. MJ REIT has a thematic emphasis on state legal cannabis markets with a focus on industrial and retail commercial real estate. For more information, please visit www.mj-reit.com
Rainbow Realty Group is a real estate company focused on retail, industrial and greenhouse properties with cannabis companies in the United States. Rainbow offers sale-leaseback and mortgage financing with a portfolio consisting of 41 properties across 8 states. Rainbow’s parent co, Gould Investors L.P., has been in the real estate industry for 60+ years. Gould is a significant shareholder of NYSE:BRT and NYSE:OLP. For additional information please visit: https://rainbowrg.com.
Arcview Capital is the first independent broker-dealer focused primarily on the ever-evolving cannabis industry. The firm helps companies raise capital while simultaneously providing the opportunity for institutions and individuals to invest into private companies and funds. Arcview Capital is an integral part of The Arcview Group ecosystem. The Arcview Group is an ecosystem of financial and consulting services and has been a trusted global leader for over 12 years. For more information, please visit www.arcviewcapital.com.
Press Contact: Marisa Ocho
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Sahyadri Times journalist was involved in the writing and production of this article.