RealVantage unveils real estate co-investment platform
The platform offers access to offshore investment opportunities.
Proptech startup RealVantage has launched its real estate co-investment platform that acquires, manages, and optimises offshore real estate portfolios for accredited investors, an announcement revealed.
It reportedly offers offshore investment opportunities across various real estate classes and investment strategies in different countries, sectors, and investment spectrums, which were previously limited to larger, institutional investors.
Investors will be able to select amongst multiple options, from a stable income producing office in the United Kingdom, a townhouse development project in Australia, or a multifamily asset repositioning project in the USA, amongst others.
RealVantage was founded by Keith Ong and Mao Ching Foo, who have experience in real estate fund management, technology and data science. The team screens close to 600 deals per year, identifying opportunities that fit their investment criteria by employing their proprietary AI engine to complement their deal origination and evaluation processes.
Such deals are subsequently vetted by its internal investment committee made up of industry veterans comprising Anthony Ang, CEO of Sasseur REIT and the former CEO of Fortune REIT, and Richard Tan, an independent real estate advisor and former CFO of Suntec REIT.
Approved deals are put together into an investment memorandum detailing investment strategy, financial analysis, investment period and deal terms. This is uploaded onto the platform and made available for investors. The company’s rigorous selection process meant that only a small percentage of deals are approved by the investment committee, the announcement stated.
In 2020, the startup shared that it plans to widen its investor base in Singapore and Indonesia. The platform is also looking to expand its investment opportunities beyond the United Kingdom and Australia markets.