MIGSIF is a real estate hedge fund that was establish in 2009 by Cherif Medawar, Investor and Founder of CMREI. The fund was officially filed with the Securities and Exchange Commissions (SEC) on August 5, 2008 and began successfully operating in 2009. View Filing Details Here.
-Investors must be accredited. (An Accredited Investor has a net worth in excess of $1 million, excluding the primary residence, or has had annual individual income in excess of $200,000 or joint income in excess of $300,000 for the last two years.)
-All Investors must have a substantial and preexisting relationship with Hedge Fund Manager Cherif Medawar.
-Investors’ capital is secured by all properties in the Fund for additional safety and collateral. This is a great way to invest for those who want to receive a steady and reliable income without having any associated or on-going expenses. You can use your retirement account or special structures to compound your returns
-MIGSIF through Cherif’s alliance of expert professionals focuses mainly on the San Francisco bay area market in California and purchases higher end residential properties around $8 to $10 Million Dollars each. These properties get quickly rehabbed and resold at a large profit to high net worth individuals in the local and international markets.
Cherif’s MIGSIF team of developers rehab the foreclosed properties and resells them for cash within 12-18 months at over $10 Million Dollars.
-Investors who wish to sell their own commercial properties and defer the taxable capital gains may contact Cherif Medawar directly to learn about a better method than the 1031 exchange strategy using his MIGSIF structure.
-Finally, CMREI graduate Members who have received advanced training may wish to build their own wealth by learning how to set up their own Private Fund and using MIGSIF as a “Fund of Funds.”
This private offering has a proven track record and has been operating successfully since 2009, as a private placement filed with the SEC.
View the SEC filing link here.
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