MJ REIT, a newly formed real estate investment trust, has partnered with Rainbow Realty Group and Arcview Capital. Rainbow Realty Group will serve as MJ REIT’s sub-manager responsible for investment selection and underwriting, while Arcview Capital will serve as managing broker-dealer responsible for distributing shares to the investing public and providing sales support.
“With increased volatility in the public markets and investor concerns about rising interest rates and inflation, it is exciting to create a strategy that provides investors with an innovative solution to help them achieve their long-term goals,” said Christopher Rees, CEO of MJ REIT.
The US cannabis market, valued at $10.8 billion in 2021, is expected to grow at a compound annual growth rate (CAGR) of 14.9% between 2022 and 2030, according to Grand View Research. The industry is growing at a staggering rate — a 33% increase in jobs since 2021, according to Leafly, making 2022 the fifth year in a row with job growth above 27%. But given current federal regulations, it’s difficult for cannabis businesses to secure capital. MJ-REIT will provide the capital needed for the business to grow and thrive.
MJ REIT seeks to provide investors with solutions to three main investment challenges:
Income: Targeting approximately 10% annual distribution paid monthly 1099 Income
Diversification: Alternative investments such as private commercial real estate can complement a traditional portfolio of stocks and bonds
Stability: Private commercial real estate has historically provided attractive risk-adjusted returns.
“By partnering with MJ REIT, we will help provide the necessary capital for companies in this fast-growing industry. With our multi-generational history of investing in real estate, Rainbow takes a conservative approach to underwriting and values properties using ‘non-cannabis’ valuations, unlike other cannabis REITs,” said Kyle Schoenfeld, president of Rainbow Realty Group.
By bringing together Rainbow Realty Group’s unrivaled real estate expertise and Arcview Capital’s distribution expertise, MJ REIT is well positioned to generate attractive risk-adjusted returns for investors. To learn more about MJ REIT and keep up with the latest developments, please visit www.mj-reit.com.
About MJ Real Estate Investment Trust (MJ REIT)
MJ REIT is a hybrid real estate investment trust focused on acquiring, owning, leasing and mortgage origination of properties in the United States. MJ REIT has a thematic focus on state legal cannabis markets with a focus on industrial and commercial retail real estate. For more information, please visit www.mj-reit.com
About Rainbow Realty Group
Rainbow Realty Group is a real estate company focused on commercial, industrial and greenhouse properties with cannabis companies in the United States. Rainbow offers sale-leaseback and mortgage financing with a portfolio consisting of 41 properties in 8 states. Rainbow’s parent company, Gould Investors LP, has been in the real estate industry for 60+ years. Gould is a significant shareholder in NYSE:BRT and NYSE:OLP. For additional information, please visit: https://rainbowrg.com.
About Arcview Capital
Arcview Capital is the first independent broker-dealer focused primarily on the ever-evolving cannabis industry. The firm helps companies raise capital while enabling institutions and individuals to invest in private companies and funds. Arcview Capital is an integral part of the Arcview Group ecosystem. Arcview Group is an ecosystem of financial and advisory services and has been a trusted global leader for over 12 years. For more information, please visit www.arcviewcapital.com.
Press contact: Marisa Ocho