What is a REIT?
A REIT is a Real Estate Investment Trust that enables individual investors to own a
diversified portfolio of real estate assets. A REIT acquires properties, collects rents,
and distributes at least 90% of the taxable income to shareholders as a dividend.
For whom are REITs an appropriate investment?
Investors who want to 1) generate cash flow 2) have the potential for longer term
capital appreciation and 3) diversify their investment portfolio, will find REITs an
attractive supplement to their investment strategy. You should carefully review the
offering documents, including the prospectus, prior to making an investment.
What is a Prospectus?
A prospectus is a legal document that discusses the investment program for which
money is solicited. A prospectus typically includes sections that describe how the
solicited money is to be invested, the investment’s business plan, risks associated
with the investment, the background and track record of the sponsors, the legal
rights and responsibilities of the investors, and more. Before investing you should
carefully review the prospectus for a full discussion of our offering.
What is the Rich Uncles NNN REIT?
Rich Uncles NNN REIT was deemed effective by the SEC in 2016. We expect to
primarily invest in single-tenant income-producing corporate properties, which are
leased to creditworthy tenants under long-term net leases.
What are the goals of the Rich Uncles NNN REIT?
Our goal is to generate relatively predictable current cash distributions to investors
coupled with the potential for long-term capital appreciation in the value of our
Who runs the REIT?
We encourage you to review the section on our website entitled “Meet the Uncles.”
Ray, Harold, and Howard are key reasons we work here at Rich Uncles. Ray Wirta’s
passion is that everyone, not just the rich and famous, should have the opportunity
to invest in commercial real estate. As Chairman of the Board of CBRE, Ray
oversees the largest real estate services and investment firm in the world.
Meet the Uncles Link
Who are the founders of the REIT?
Rich Uncles was founded by Ray Wirta and Harold Hofer for a single purpose – to
make real estate investment easier and less expensive for the small investor. Learn
more about the Rich Uncles by clicking here.
Where is your office located?
Our office is located at 3080 Bristol Street, Suite 550, Costa Mesa, California,
92626. Our telephone number is (885) 742-4862, and our website address is
What does it mean to me the investor that you do not pay commissions or brokerage fees?
We sell shares directly to investors and not through broker-dealers and investment
advisors who are paid commissions and fees (typically 10%). Since we do not pay
commissions and fees, we invest a significantly higher percentage of the proceeds
generated from the sale of our shares into properties.
Why is the Rich Uncles NNN REIT different?
Rich Uncles was created to make real estate investment easier, more transparent,
and less expensive for all investors. Rich Uncles developed its on-line platform to
offer REIT investments that exclude payment of commissions to broker-dealers and
What is the track record of Rich Uncles?
In 2007, Rich Uncles created the Firewheel REIT in Dallas, Texas. Due to our focus
on acquiring properties with creditworthy tenants and long-term leases, we paid
dividends consistently through the great recession. In 2012, the Rich Uncles
California REIT was started at $25 Million. Due to high demand, shareholders
approved increasing the REIT limit to $100 Million and this REIT is currently paying
7.5% annual dividends.
Historically Rich Uncles paid over 6.5% dividends, how did they do it?
In our prior REITs, we purchased properties whose contractual rental incomes
averaged around 7% of the purchase price. We then placed mortgage financing on
these properties with interest rates that averaged less than 4%. The resultant net
cash flow relative to our equity investment allowed us to pay REIT expenses and
annual shareholder distributions in excess of 6.5%.