Private Placement Handbook Series

Securitized real estate offers accredited investors the opportunity to join with other accredited investors to own investment-grade real estate. Normally, these properties are financially secure, with creditworthy tenants under long-term triple net (NNN) leases and under professional management. Asset classes include multifamily housing, NNN retail properties, office buildings, industrial complexes and warehouses, and hotels.

Three developments signal a new regulatory regime is on the way: The US Department of Justice announced it will not interfere with marijuana retail sales as long as all state and federal rules are followed and all taxes are paid; the US Treasury Department's Financial Crimes Enforcement Network issued formal guidance to US banks on how to do business with marijuana firms; and the president of the United States mentioned marijuana and alcohol in the same sentence.

This is an up-to-date primer written by a Stanford lawyer for anyone seeking $500,000 to $5,000,000 to fund a real estate project or investment group.

This audiobook discusses Title III crowdfunding, new Rule 506 ©, general solicitation, and intrastate offerings.

The new Rule 506 changes everything. The SEC has lifted an 80-year ban on general solicitation. Start-ups for the first time can use public advertising to sell private offerings. The new Rule 506 may prove to be the answer to the prayers of star-ups frustrated with existing fund sourcing platforms. But it also has hidden dangers that will cause many issuers to continue to use the "old Rule 506" [506(b)].

Business Brokers and Securities Laws is a monograph on securities law and finders fees.

Regulation Crowdfunding refers to Title III of the JOBS Act of 2012. This audiobook is an introduction to Title III, especially Rule 506(c).