Realized Raises $6 Million Series A Round Led by Calibrate Ventures
REALIZED
Plans to Accelerate Growth of First-Ever Technology-Enabled End-to-End Wealth Management Solution for Investment Properties
AUSTIN, TX — September 22, 2019 — Realized, a technology-enabled platform that provides wealth management solutions for investment properties, announced today that it has raised $6 million in Series A funding led by Calibrate Ventures and joined by Rice Park Capital. The proceeds from the round will be used to expand the real estate platform’s team and technology.
Realized enables investors to tax-efficiently redeploy equity from legacy investment properties into diversified (by property type, geography, tenant, and more), passive income portfolios, customized to their needs. Using 1031 “like-kind” exchanges and other tax-deferment mechanisms, Realized helps investors co-invest in diversified commercial property portfolios that are designed to offer potential income without landlord responsibilities.
“When we launched Realized three years ago, our goal was to provide individual investors with a holistic, transparent solution to tax-efficiently trade out of their investment properties,” said David Wieland, CEO of Realized. “The additional capital allows us to expand the Realized platform to serve more families, planning-centric investment advisors, CPAs, and attorneys seeking to deliver value to their clients considering 1031 exchanges.”
A 1031 exchange, which gets its name from IRC Section 1031, allows an investor to defer the capital gains on the sale of investment property by reinvesting the proceeds from the sale, within specific time limits, in “like-kind” property or properties of equal or greater value. The Realized platform connects accredited 1031 exchange investors with experienced real estate operators seeking co-investment capital for high-quality properties. Through the platform, investors can compare and evaluate a variety of
1031-qualified co-investment options and develop a sophisticated portfolio reinvestment plan with the assistance of trained real estate professionals.
Kevin Dunlap, Co-Founder of Calibrate Ventures, will join the Realized Board of Directors. Mr. Dunlap commented, “Institutions and large endowments have long invested in diverse commercial property portfolios for the attractive risk-adjusted returns. Realized provides families, individuals, and their financial advisors the ability to co-invest in professionally managed commercial property investments that historically have been out of their reach. Additionally, the company empowers investors with the sophisticated diversification and tax-efficient techniques that can make real estate such a powerful option for generational wealth transfer.”
“Local rental properties may be a great way to build wealth, but they do not align with retirees’ investment and lifestyle goals — they are labor-intensive by nature and lack diversification,” said Nick Smith of Rice Park Capital. “Using a 1031 exchange to defer the tax liability on appreciated properties is only part of the solution. Realized allows property owners to tax-efficiently rebalance their exposure to alternative assets, as their goals move from growth to income and lifestyle preservation.”
“By investing in our people, data, and technology, we are able to offer a greater number of individuals and their advisors with the opportunity to tax-efficiently diversify their real estate holdings,” concluded Mr. Wieland. “We’re thrilled to have Calibrate Ventures and Rice Park Capital as investors in Realized.”
About Realized Holdings
Realized Holdings is a technology-enabled platform providing Tax Efficient Real Estate wealth solutions to families that own legacy investment properties. Investors use the Realized platform to tax-efficiently transfer wealth from legacy properties into passive income-oriented commercial real estate portfolios customized to their specific needs. To learn more, visit www.realized1031.com.
About Calibrate Ventures
Calibrate Ventures is an early-stage venture capital firm that partners with transformative consumer and enterprise technology companies to accelerate growth and drive commercialization through right-sized financing and expert operational guidance. The firm leverages its industry expertise and powerful network of entrepreneurs, investors, and partners to help innovators maximize their potential. Calibrate invests in great companies nationally but calls Southern California home. For more information, please visit www.calibratevc.com.
About Rice Park Capital Management
Rice Park Capital Management is a Minneapolis-based investment firm founded by Nick Smith. Rice Park focuses its investment strategy on companies run by proven founders and executives, operating in the real estate and financial services sectors, solving significant problems in large and addressable markets by using technology and data to deliver value to their clients.
Securities Disclosure
Diversification does not guarantee returns or protect against loss. Security transactions are administered by WealthForge Securities, LLC member FINRA I SIPC. WealthForge Securities and Realized are not affiliated. Past performance does not guarantee future performance. Certain information contained herein may contain forward looking statements, which can be identified by the use of forward looking terminology such as “may,” “will,” “should,” “expect,” “project,” “intend,” “plan,” “believe,” or similar terms. Forward looking statements are based on certain assumptions, are subject to risks and uncertainties and speak only as of the date on which they are made. Fluctuations in the value of the assets that are the subject of any investment are to be expected. Tenant vacancies, competition from similar properties, or potential environmental conditions at the property may negatively impact rents and cash flows. Additional risks exist due to a variety of factors, including, but not limited to, leverage, market risks, business risks, management, adverse tax consequences, and such other risks more particularly described in the related offering materials. There is a potential for loss of part or ALL of the investment capital, and each investor should understand that all capital invested may be lost. Investors should only consider these investments if they have no need for liquidity and can bear the risk of losing their entire investment.
Media Contacts:
For Realized:
Trey Robinson
trey@storyamplify.com
(512) 658-1878
For Calibrate:
Nathaniel Garnick/Sam Fisher
Gasthalter & Co.
(212) 257-4170