$230+ Million in Investor Capital Raised in
First Year of CREMX
SCOTTSDALE, Ariz., June 20, 2024 /PRNewswire/ -- Redwood
Investment Management is proud to celebrate the first anniversary
of its Redwood Real Estate Income Fund, CREMX.
Launched on June 23, 2023, the
Redwood Real Estate Income Fund is designed to offer all investors,
including non-accredited and non-qualified individuals, access to
private real estate debt through a single ticker, CREMX. This
innovative fund features low minimum investment requirements and
eliminates commissions and ticket charges, making it easier for
advisors to incorporate private real estate debt into existing
client advisory accounts alongside stocks, bonds, mutual funds, and
ETFs.
"We introduced CREMX as a way to truly democratize access to
private real estate debt that previously had been limited to
institutions and ultra-high net worth investors. Being able to
purchase the fund in the same manner and into the same account as
purchasing a mutual fund or ETF is a game changer for financial
advisors and their clients," said Managing Partner, Portfolio
Manager, Richard Duff.
In the first year since its inception, Redwood Real Estate
Income Fund:
- Achieved an 8.73% annualized distribution yield
- <55% Loan-to-Value Ratio
- Maintained less than a 20-month loan to maturity
- Experienced 0% drawdown
- Raised and deployed $230 million
in assets
The Redwood Real Estate Income Fund has demonstrated its ability
to provide a unique and accessible investment opportunity,
attracting a diverse range of investors. The fund's success
underscores Redwood's commitment to delivering high-quality
investment solutions that meet the needs of all investors.
As the fund continues to grow, Redwood Investment Management
remains dedicated to offering exceptional service and innovative
financial products that empower advisors and investors alike.
For more fund information, visit: https://www.cremxfund.com/
About Redwood Investment Management
Redwood Investment Management brings innovative investment
processes and techniques historically only available for large
institutions and ultra-high net worth individuals to ALL individual
investors via its RiskFirst®
solutions. RiskFirst® solutions are built on
the belief that by managing Risk First, investment success will
follow. These innovative investments include democratizing
access to private debt secured by real estate, via a single ticker
symbol and implementing the first turn-key asset allocation models
incorporating public and private investments in a single
account. Redwood partners with financial advisors to deliver
these innovative, RiskFirst® investment solutions
through Redwood mutual funds, LeaderShares® ETFs,
and Engineered Risk-Budgeted Model portfolios. Redwood is a
dedicated investment ally for financial advisors seeking to achieve
better outcomes for individual investors. Learn more at
www.redwoodim.com.
Redwood Real Estate Income Fund
The Redwood Real Estate Income Fund ("Fund") primarily invests
in short-duration, low loan-to-value (LTV) private bridge loans
backed by commercial real estate assets. The Fund's innovative
structure allows it to directly invest in private real estate debt
rather than in private funds, thereby avoiding multiple layers of
fees.
Important disclosure information
Investors should carefully consider the investment
objectives, risks, charges and expenses of the Redwood Real Estate
Income Fund. This and other important information about the Fund
are contained in the prospectus, which can be obtained at
redwoodmutualfunds.com or by calling 1-888-570-0805. The prospectus
should be read carefully before investing.
This fund is an interval closed-end fund. The Fund is an
appropriate investment only for those investors who can tolerate a
high degree of risk and do not require a liquid investment. The
Fund does not intend to list the Shares on any securities exchange
and the Fund does not expect a secondary market in the Shares to
develop. Because you will be unable to sell your Shares or have
them repurchased immediately, you will find it difficult to reduce
your exposure on a timely basis during a market downturn. All or a
portion of an annual distribution may consist solely of a return of
capital (i.e., from your original investment) and not a return of
net investment income. The Fund has limited operating history and
the shares have no history of public trading. The Fund is
classified as "non-diversified" under the Investment Company Act.
As a result, it can invest a greater portion of its assets in
obligations of a single issuer than a "diversified" fund. The Fund
may therefore be more susceptible than a diversified fund to being
adversely affected by a single corporate, economic, political or
regulatory occurrence. Although the Fund does not intend to invest
in companies for the purpose of effecting change or influencing or
controlling management itself, the Fund invests in companies that
the Adviser believes have potential for capital appreciation
resulting from such changes. The Adviser's evaluation of companies
may prove incorrect, or the efforts which they invest may not be
successful, or even if successful, may have unintended affects or
cause the Fund's investment to lose value. The Bloomberg U.S.
Treasury Index measures U.S. dollar-denominated, fixed-rate,
nominal debt issued by the U.S. Treasury. Treasury bills are
excluded from this index. Investors should carefully consider the
investment objectives, risks, charges and expenses of the Redwood
Real Estate Income Fund. This and other important information about
the Fund are contained in the prospectus, which can be obtained at
redwoodmutualfunds.com or by calling. The prospectus should be read
carefully before investing. The Redwood Real Estate Income Fund
("CREMX") is distributed by UMB, member FINRA/SIPC.
Redwood Investment Management, LLC is a registered adviser with
the United States Securities and Exchange Commission in accordance
with the Investment Advisers Act of 1940. Such registration does
not imply a certain level of skill or training and no inference to
the contrary should be made. All materials are for informational
purposes only and contain opinions of Redwood, which should not be
construed as facts. Unless stated otherwise, none of the materials
constitute an offer, nor a solicitation of an offer to invest in
any of Redwood's products, and otherwise affiliated funds.
Proceeding to access any information contained herein, users are
deemed to be representing to be allowed to do so by applicable
laws, regulations, and approval by Redwood having obtained a
username and password. There can be no guarantee that any strategy
described will achieve its objective. Past performance is not a
guarantee of future results. There is risk involved when investing
in securities, which can include loss of principal. Please read
carefully the disclosures provided within each document. UMB is not
affiliated with Redwood.
Definitions
Closed-end fund A closed-end fund is a type of fund
that offers a fixed, limited number of shares. Closed-end funds are
usually actively managed and concentrate on a specific industry or
sector. Interval fund An Interval Fund is a distinctive
category of closed-end investment fund, featuring shares that are
not openly traded on the secondary market. Interval funds are
designed to facilitate periodic repurchases, typically occurring on
a monthly or quarterly basis. Distribution Yield is
calculated as the distribution for a given month, multiplied by 12
(number of months in year) and divided by the NAV per share on
3/31/2024. Depending on when an investor purchased their shares,
the annualized distribution rate may be higher or lower. Based on
current estimates, the Fund expects a portion of the distributions
to be a return of capital. There is no guarantee that investors
will receive a distribution. Loan-to-Value (LTV) ratio
is a financial term used to express the ratio of a loan to the
value of the asset purchased with the loan. An LTV ratio is
calculated by dividing the loan amount by the appraised value or
purchase price of the property, expressed as a percentage.
Loan-to-Maturity is the average duration that measures the
weighted average time it takes for the principal of a loan or a
portfolio of fixed-income securities to be repaid through interest
and principal payments. Drawdown is the difference
between peak to trough for any given period.
3653975
Princess
Gatela
|
|
Conner Small
|
Partner, VP of
Marketing
|
|
Partner, VP of Advisory
Solutions
|
Redwood Investment
Management
|
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Redwood Investment
Management
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pgatela@redwoodim.com
|
|
csmall@redwoodim.com
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SOURCE Redwood Investment Management