Modiv Completes Three Commercial Real Estate Transactions in Texas | News

Newport Beach, Calif., Aug. 3, 2021 (GLOBE NEWSWIRE) – The transactions include an acquisition, property sale and lease renewal, indicating healthy portfolio activity for Modiv in the Texas real estate market

Modiv Inc., an innovative real estate, fintech and proptech asset manager, today announced the completion of three separate commercial real estate transactions in central Texas. The transactions include an acquisition and rental extension in San Antonio and a property sale in the greater Austin area with a cumulative total of 99,265 square feet of real estate.

Texas Transaction Details include:

Acquired a 3,800 square foot fast food restaurant leased to Raising Cane’s® located at 19110 Stone Oak Parkway in San Antonio. Founded in 1996,

Raising canes

is a popular and growing fast food brand that specializes in chicken fingers and operates approximately 550 restaurants in 30 states and the Middle East. The property is on a major thoroughfare near schools, medical facilities, and new housing developments. An eight year lease extension for a Pre-K 4 SA Educational Center on 1255 Old Highway 90 W in San Antonio. The 50,000 square foot facility is leased to the San Antonio Early Childhood Development Corporation (“Early Childhood”) and the lease is guaranteed by the City of San Antonio. This pre-K center is one of four in the San Antonio market and has an enrollment of over 400 students. Modiv worked closely with the board of directors of Early Childhood on the transaction so that the center can continue its mission of delivering high quality, high impact early childhood education to the San Antonio community at 5900 183A Frontage Road in Cedar Park became with an aerospace technology company completed. Pricing came before the most recent independent assessment that shows the strength of the greater Austin commercial real estate market.

“These transactions reflect our team’s ability to add value and actively manage our diverse real estate portfolio,” said David Collins, chief property officer at Modiv, based in Dallas. “We remain optimistic about the continued growth of the Texas commercial real estate market and we believe our investments in the area can provide long-term value to our investors.”

Within Texas, Modiv also owns an office property leased to Texas Health Resources in Dallas and a retail property leased to Dollar General in Big Spring.

Forward-Looking Statements Certain statements contained herein, other than historical facts, may be considered forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”) and Section 21E of the Exchange Act of 1934 as amended (the “Exchange Act”). Modiv intends that all such forward-looking statements be subject to the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act, Section 21E of the Exchange Act and other applicable laws. Such statements include, in particular, statements about Modiv’s ability to add value and actively manage its portfolio, the strength of the Texas real estate market and its ability to create long-term value. Therefore, such statements are not guarantees of future results and are subject to risks, uncertainties and other factors, some of which are beyond Modiv’s control, which are difficult to predict and which could cause actual results to differ materially from those expressed in the forward-looking statements implied differ. seek statements. Accordingly, Modiv makes no representations or warranties, express or implied, as to the accuracy of any forward-looking statements contained herein. Unless otherwise required by federal securities laws, Modiv assumes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unforeseen events, or changes in future operating results, whether as a result of new information, future events or otherwise.

About Modiv Modiv Inc., a real estate, fintech and proptech asset manager, is reinventing modern real estate investments for retail investors. Driven by innovation, a focus on investors and an experienced management team, Modiv has created one of the largest unlisted real estate funds raised through crowdfunding technology and the first real estate crowdfunding platform wholly owned by investors. Modiv offers retail investors access to real estate and property-related investments that are designed to generate both income and long-term growth. To learn more, visit modiv.com.

Contact Associate Vice President Hudson Pitts RUBENSTEIN [email protected] 248-767-1688

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