Worried that all those big-money real-estate investors have turned the Texas landscape into an unending sprawl of soulless shopping centers populated by the same boring chain stores?
Well, worry no longer! That’s right: Now even small investors can get in on the act!
As of this month, a new company called Nexregen will let even grumpy, middle-income sprawl curmudgeons put their money where their mouth is—by investing in shopping centers, strip malls, and other commercial real estate with as little as $2500.
For now, the options are limited: Nexregen is for Texas investors only, and there’s only one property available so far: the 14.5-acre, 148,870-square-foot Firewheel Village Shopping Center in the sprawling Dallas satellite of Garland, Texas, pictured above.
Yes, it’s a REIT, but you’re investing in a single property at a time. And that’s a pretty small minimum investment. If you think Houstonians aren’t proud enough of their commercial strips—or that there aren’t enough of them—just wait until Nexregen sells property here!
- For Ray Wirta, Thinking Small May Be Next Big Thing [CoStar Group]