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: $2,000

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

05/07/2024

% of Min. Goal

200%

% of Max. Goal

0%

Likelihood of Max
unlikely
Avg. Daily Raise

$26

# of Investors

2

Momentum
cold.svg
Create a free account today to gain access to KingsCrowd analytics.
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
Create a free account today to gain access to KingsCrowd analytics.

Upgrade to gain access

Pay Monthly
Annually (Save 17%)

Edge

$25 /month
billed annually
Free portfolio tracking, data-driven ratings, AI analysis and reports
Plan Includes:
Everything in Free, plus
Company specific KingsCrowd ratings and analyst reports
Deal explorer and side-by-side comparison
Startup exit and failure tracking
Startup market filters and historical industry data
Advanced company search ( with ratings)
Get Edge Annual
Already a member? Log in here.
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.
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

Follow company

Follow ERC Communities on Dealmaker Securities 2024

Buy ERC Communities's Deal Report

ERC Communities Deal Report

Get KingsCrowd’s comprehensive report on ERC Communities including:

  • How our proprietary algorithm rates their current capital raise (1-5 stars)
  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether ERC Communities is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise

Buy the ERC Communities deal report for only $10!

Email address:
Looking to buy more than one deal report? Get unlimited reports by upgrading to Edge