RealtyMogul: Platform Profile

RealtyMogul is a private commercial-real-estate investment platform offering three materially different routes: non-traded RealtyMogul REITs, individual private real-estate placements, and 1031-exchange opportunities.

The most important current fact is easy to miss in older reviews: both RealtyMogul REITs are currently paused to new investors.

Their stated $5,000 minimums remain published, but those minimums should not be interpreted as current availability. Both offering circulars are being refreshed, and the platform states that new investors cannot currently subscribe.

The REIT share-repurchase programs were also suspended on April 21, 2026.

May fit better for

• investors evaluating private commercial real estate
• accredited investors considering individual property offerings
• investors able to accept multi-year illiquidity
• investors considering 1031-compatible structures
• investors wanting real estate outside public REIT markets

May fit less well for

• investors requiring daily liquidity
• investors expecting guaranteed distributions
• investors wanting public REIT trading
• investors seeking personalized advisory management
• investors unable to tolerate substantial or total loss

Current ownership

RealtyMogul was acquired in November 2025 by a group of real-estate operators led by The Wideman Company.

The acquisition changed the platform's ownership and operating control.

RealtyMogul Income REIT

The Income REIT is a non-traded real-estate investment trust with exposure that can include:

• senior real-estate debt
• mezzanine or junior debt
• preferred equity
• joint ventures
• direct equity
• commercial-real-estate-related assets

Current published minimum: $5,000, with new-investor subscriptions currently paused as of September 4, 2026.

Management fee

The Income REIT asset-management fee is 1.00% annualized of total equity value.

Other expenses can exist separately.

The 1% figure is not an all-in expense ratio.

Fee example

For a hypothetical $10,000 equity-value investment:

$10,000 × 1.00% = $100

That represents the headline annual management fee only.

It excludes other operating, financing, property-level and offering expenses.

RealtyMogul Apartment Growth REIT

The Apartment Growth REIT is a non-traded REIT focused primarily on property types including:

• multifamily
• industrial

Current published minimum: $5,000, with new-investor subscriptions currently paused as of September 4, 2026.

Management fee

The Apartment Growth REIT asset-management fee is 1.25% annualized of total equity value.

Illustrative annual fee on $10,000:

$10,000 × 1.25% = $125

Again, this is not the full cost of owning the REIT.

Liquidity changed materially in 2026

Both RealtyMogul REITs historically maintained share-repurchase programs.

Those programs were never equivalent to exchange liquidity.

Repurchases could be:

• subject to holding periods
• limited
• prorated
• priced below NAV depending on terms
• suspended by the issuer

On April 21, 2026, the share-repurchase programs were suspended.

The Income REIT and Apartment Growth REIT also suspended distribution reinvestment activity under current filings.

Individual private placements

RealtyMogul also provides access to individual real-estate private placements.

These can include:

• property-level equity
• preferred equity
• debt
• joint ventures
• LLC interests
• sponsor-specific structures

Current RealtyMogul retirement-account material identifies an approximate $35,000 reference minimum.

Offering documents control the actual minimum.

Many individual private placements require accredited-investor status; the requirement is offering-specific.

Concentration math

Private-placement minimums can make diversification capital-intensive.

At $35,000 per investment:

• 1 investment = $35,000
• 3 investments = $105,000
• 5 investments = $175,000

This does not mean five investments constitute adequate diversification.

It illustrates how quickly required capital can grow.

1031 exchanges

RealtyMogul also provides access to 1031-exchange opportunities.

Current structures can include applicable:

• Delaware Statutory Trust interests
• tenancy-in-common structures
• replacement-property opportunities

A 1031 exchange defers eligible tax.

It does not permanently eliminate tax.

Timing, identification and qualified-intermediary requirements remain important.

RM Adviser

The RealtyMogul REITs are managed by RM Adviser, LLC, CRD 283877, SEC 801-108063, an SEC-registered investment adviser.

RM Adviser manages investment vehicles.

It does not provide ordinary RealtyMogul platform users with personalized investment advice.

RM Securities

Older RealtyMogul reviews may describe RM Securities as the affiliated broker-dealer.

That is stale.

Current regulatory filings state RM Securities withdrew its broker-dealer registration effective July 11, 2025.

Protection and risk

RealtyMogul investments are not FDIC-insured bank deposits.

Private real-estate risks include:

• property-value declines
• leverage
• refinancing
• tenant losses
• sponsor execution
• construction or renovation risk
• valuation uncertainty
• limited liquidity
• total loss

SEC registration of an adviser or qualification of an offering does not mean the investment is approved as safe.

Assessment

RealtyMogul remains relevant for investors seeking private commercial-real-estate exposure, but the current platform cannot be accurately summarized as simply:

"$5,000 gets you into one of two RealtyMogul REITs."

The correct 2026 picture is:

• both REITs still exist
• both publish $5,000 minimums
• both are paused to new investors
• both have suspended repurchase programs
• private placements remain a separate higher-minimum path
• 1031 opportunities remain another distinct use case

The platform fits investors who understand private real estate as an illiquid investment rather than a substitute for exchange-traded REITs.