ERC Communities

ERC Communities

Growth Stage

Invest in the Fastest Growing Real Estate Sector

Invest in the Fastest Growing Real Estate Sector

Overview

Raised to Date: Raised: $1,000

Total Commitments ($USD)

Platform

Dealmaker Securities

Start Date

02/20/2024

Close Date

Not Provided

Min. Goal
$1,000
Max. Goal
$50,000,000
Min. Investment

$1,000

Security Type

Equity - Common

Series

Pre-Seed

SEC Filing Type

RegA+    Open SEC Filing

Price Per Share

$10.00

Pre-Money Valuation

$162,732,060

Rolling Commitments ($USD)

Status

Active

Reporting Date

04/15/2024

% of Min. Goal

100%

% of Max. Goal

0%

Likelihood of Max
unlikely
Avg. Daily Raise

$18

# of Investors

1

Momentum
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Year Founded

2018

Industry

Real Estate & Construction

Tech Sector

Proptech

Distribution Model

B2C

Margin

Medium

Capital Intensity

High

Location

Riverview, Florida

Business Type

Growth

ERC Communities is raising funds through Reg A+ crowdfunding with Dealmaker Securities as the Broker-Dealer. It is a build-to-rent real estate development company that wholesales single-family manufactured homes. ERC Communities is currently focused on key Florida markets and will then scale at a run-rate of 3,000 homes per year in the next three years. The manufactured homes built by ERC Communities are affordable and high-quality and provide solid basis for profitable rentals and scaling. Gerald Ellenburg and Ryan Koenig founded ERC Communities in 2018. The current crowdfunding campaign has a maximum target of $50 million. The campaign proceeds will be used for the construction, development, and acquisition of manufactured home rental communities, marketing, operational expenses, and working capital.

Balance Sheet

Cash and Cash Equivalents

$102,703

Investment Securities

$0

Accounts and Notes Receivable

$0

Property, Plant and Equipment (PP&E)

$2,476,187

Property and Equipment

$2,476,187

Total Assets

$2,764,758

Accounts Payable & Accrued Liabilities

$0

Long Term Debt

$1,200,000

Total Liabilities

$1,200,000

Total Stockholders' Equity

$1,564,758

Total Liabilities and Equity

$2,764,758

Statement of Comprehensive Income Information

Total Revenues

$0

Costs & Expenses Applicable to Rev

$0

Depreciation and Amortization

$0

Net Income

$-1,371

Earnings Per Share - Basic

$0.00

Earnings Per Share - Diluted

$0.00

Auditor: IndigoSpires CPA Group, LLC
Financials as of: 02/20/2024
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Add to portfolio
ERC Communities on Dealmaker Securities 2024
Platform: Dealmaker Securities
Security Type: Equity - Common
Valuation: $162,732,060
Price per Share: $10.00

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Follow ERC Communities on Dealmaker Securities 2024

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