When will dividends for September be paid?
When will dividends for September be paid?
Effective June 18th 2020, the ERC Homebuilders 1 share price has increased from $6.10 per share to $6.15 per share.
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ERC Homebuilders 1
Earn Monthly Dividends + Equity Upside
Become a passive investor in ERC Homebuilders 1 to profit from our focus on building and selling homes in one of the fastest growing real estate sectors! You will own the potential upside in our stock as we grow our business and you will also earn an 8% dividend that is paid monthly.
The demand for single family homes is growing at a rapid pace. Millennials and other young families want single-family homes and the lifestyle that goes with it – more space, privacy and a backyard.**** At ERC Homebuilders, we are laser-focused on building planned communities of residential single-family homes targeted towards millennials and other young families. Demand for these developments far exceeds supply at this time which has created a large opportunity in the market for ERC Homebuilders 1.
INCREASING DEMAND FROM
COVID-19
The single-family rental (SFR) market has experienced robust growth following the Great Recession. Now, with the coronavirus requiring social distancing and staying at home, the appeal of less dense, more spacious single-family living continues to increase.***
The U.S. has had undersupplied housing stock in single family rental homes for the last seven years. The COVID-19 pandemic is making homeownership more difficult for many Americans suffering employment loss and potential reduction in credit scores. However, this will continue to drive increased rental demands, particularly for single family rental homes.***
THE OPPORTUNITY
ERC Homebuilders is catching on to the fastest-growing segment in the U.S. housing market.1
Today, about 16 million rental properties are single-family homes1 with an estimated 13 million to be added by 2030.2
We are raising capital to initially focus our efforts in Florida.
Why Florida?
Because of the state’s current job and population growth.
- Florida itself has become the 17th largest economy in the world. 3
- Florida's population has increased to 21.3 million in 2018 from 18.8 million in 2010.4
- No state income taxes
- Great weather
It is no wonder that Florida enjoys an influx of companies, start-ups and people.
Florida brought in $17.2 billion more from people moving into the state in 2018 than it lost from those who moved out. That was about seven times the net gains in each of the runner-up states: Texas, Washington and South Carolina.5
2 Source: Single-Family Rental Primer, Green Street Advisors, 2016
3 Source: Florida’s Booming Economy Has Real Momentum, Florida Trend, 2019
4 Source: Florida’s Population Climbs to 21.3 Million, Fox 13 News, December 2018
5 Source: People, Money Flood into Florida, South Carolina, Barron’s May 2019
We accept Credit Cards, Debit Cards, ACH, Check, Wire, Apple Pay and Google Pay.
We also accept investments from Self-directed IRA accounts.
MARKET STATISTICS
As home-seekers continue to face significant barriers to homeownership, such as costly down payments, student loans,
challenging credit scores and a lack of overall savings,1 ERC aims to make living in a single-family home a reality.
Single-family homes
account for nearly
39%
OF ALL RENTAL
PROPERTIES2
Florida is experiencing one of the
FASTEST
JOB GROWTH
RATES
amongst the 10 largest
states in the nation.3
Miami-Dade County
alone added over
24,000
NEW JOBS WITHIN
THE LAST YEAR4
The numbers paint a clear picture and ERC believes the firm and its investors are in the right place at the right time.
Join us in providing single-family homes to those who desire
to live in a house but don’t have the means to do so.
INVESTMENT OPPORTUNITY
ERC Homebuilders 1, Inc. is offering a preferred equity investment opportunity to all investors under SEC Regulation A (Reg A+).
We invite you to invest in the ERC Homebuilders 1 Reg A+ Offering, in Florida, aiming to raise up to $50 million in equity capital to fund projects, within this region. We hope to locate, build, sell and repeat this process with as many projects and as many times as makes smart economic sense for our firm and our investors.
In addition to participating in the potential price increase of our stock,
we will pay a dividend at the annual rate of 8% paid monthly.*
For many investors, the dividends may be tax-free for one year.**
-
Investment share price
$6.15 /SHARE
-
Dividend at the annual rate of
8%PAID MONTHLY*
For many investors, this may be tax-free for one year**
-
Minimum investment of
$500
-
Total offering of up to
$50mm
GIVING BACK
We are committed to giving back to those in need in our communities. ERC Homebuilders will make an annual donation to Habitat for Humanity, a nonprofit organization that helps families build and improve places to call home. Affordable housing plays a critical role in strong communities and our team is committed in supporting this cause.
*Since the tax treatment of any distributions may vary according to the financial performance of the company, as well as the particular circumstances of the investor, investors should consult their own tax advisers, and should not assume that the distributions will be subject to the same tax treatment from year to year. ERC HomeBuilders, Inc. will not generate revenues or profits until the company has built and sold developments, and there is no guarantee that those developments will be profitable. The company will set aside a capital reserve as investments are received; dividend payments will initially be made from this reserve. There can be no guarantee of future profits.
**During the first year it is likely that dividend payments will be tax-free due to the likely treatment of dividends as a tax-free return of capital to investors and thereafter as capital gains income for a limited period. The dividend will only be payable to the extent there are legally available funds.
In The News
Watch ERC Homebuilders CEO, Gerald Ellenburg, discuss the fastest growing sector of real estate in an interview with CNBC.
We accept Credit Cards, Debit Cards, ACH, Check, Wire, Apple Pay and Google Pay.
We also accept investments from Self-directed IRA accounts.
OUR TEAM
ERC Homebuilders, Inc. was established to develop and build single family planned communities consisting entirely of rental homes. Shortly after establishing, we began our development with ERC Homebuilders 1, initially focused on the Florida region.
Our leadership team consists of seasoned professionals with decades of experience in private equity, specialty finance, real estate development, construction and alternative investments.
Gerald Ellenburg
Gerald Ellenburg (Jerry), Chairman and Chief Executive Officer of ERC since August 2011. Chairman and Chief Executive Officer of ERC Homebuilders, Inc., a position he has held since December 2018. Jerry has a total of 35 years of experience in the following areas: real estate ownership, management and the financing for multifamily properties and management of over $750 million in debt and equity financings.
Jerry graduated from the University of California, Berkeley in 1971, and is a California-licensed CPA (inactive).
Ryan T. Koenig
Ryan T. Koenig is the President and Chief Operating Officer of ERC Homebuilders, Inc., a position he has held since December 2018. He is also Director and the Chief Development Officer of KGEM since August 2016. From March 2011 until the present, he has been the President and Chief Operating Officer at eResidential and Commercial LLC (ERC Homes). Ryan has over 20 years of experience in real estate development and construction with the following companies: Wood Partners, Camden Properties, Turner Construction and Zaremba Development. Ryan has overseen approximately $500 million in completed construction projects.
David A. Morris III
David Morris is the Consulting Chief Financial Officer at ERC Homebuilders, Inc. since March 2018 and from March 2011 until the present, he has been the Consulting CFO at eResidential and Commercial LLC (ERC Homes). David has over 30 years of experience in finance and financial forensics. During his tenure at ERC, David will oversee the following: tax planning, compliance, accounting, audit, forecasts and investment analysis.
David's' career has included the Vice-Presidency of Finance at Belz Enterprises, a large real estate development and management company. David graduated from the University of Wisconsin, La Crosse,
Scott Smylie
Scott Smylie has been an advisor of ERC Homebuilders since December, 2018. Previously, Scott practiced law in Florida at Monica L Sierra PLLC (May 2018 – November 2018), Meridian Partners in Florida (September 2016 – May 2018), and Bivins & Hemenway PA in Florida (May 2012 – June 2015). During Scott’s tenure he represented real estate developers, lenders, landlords and tenants, and business entities in a variety of corporate and real estate related transactions. Scott graduated in 2003 from the University of Florida’s School of Law with a Juris Doctor, and also earned a Master’s of Science in Real Estate from the University of Florida’s School of Business that same year.
Rod Turner
Rod Turner is the founder and CEO of Manhattan Street Capital, since April 2015. Rod was a senior executive at Symantec from Jan 1985 to March 1993 and has played a key role in building successful companies including Symantec/Norton (SYMC), Ashton-Tate (TATE), MicroPort and Knowledge Adventure. Rod co-founded Irvine Ventures in 1999.
ERC Homebuilders Chairman and CEO, Jerry Ellenburg, provides an overview of our Reg A offering for prospective investors.
We accept Credit Cards, Debit Cards, ACH, Check, Wire, Apple Pay and Google Pay.
We also accept investments from Self-directed IRA accounts.
Why Invest
Updates
June 17
ERC Homebuilders 1 Share Price Increase: Shares Now $6.15
June 13
Monthly Dividend Paid - June 2020
ERC Homebuilders 1 has just paid another monthly dividend in June! Being investor-friendly and meeting our goals are priorities for ERC Homebuilders, not just words. We are proud to announce that we have paid another dividend as projected—a monthly dividend based on an 8% annual yield.* We believe this will be tax-free for most investors.**
*Since the tax treatment of any distributions may vary according to the financial performance of the company, as well as the particular circumstances of the investor, investors should consult their own tax advisers, and should not assume that the distributions will be subject to the same tax treatment from year to year. ERC HomeBuilders, Inc. will not generate revenues or profits until the company has built and sold developments, and there is no guarantee that those developments will be profitable. The company will set aside a capital reserve as investments are received; dividend payments will initially be made from this reserve. There can be no guarantee of future profits.
**During the first year it is likely that dividend payments will be tax-free due to the likely treatment of dividends as a tax-free return of capital to investors and thereafter as capital gains income for a limited period. The dividend will only be payable to the extent there are legally available funds.
May 12
Monthly Dividend Paid - May 2020
ERC Homebuilders 1 has just paid another monthly dividend in May! Being investor-friendly and meeting our goals are priorities for ERC Homebuilders, not just words. We are proud to announce that we have paid another dividend as projected—a monthly dividend based on an 8% annual yield.* We believe this will be tax-free for most investors.**
*Since the tax treatment of any distributions may vary according to the financial performance of the company, as well as the particular circumstances of the investor, investors should consult their own tax advisers, and should not assume that the distributions will be subject to the same tax treatment from year to year. ERC HomeBuilders, Inc. will not generate revenues or profits until the company has built and sold developments, and there is no guarantee that those developments will be profitable. The company will set aside a capital reserve as investments are received; dividend payments will initially be made from this reserve. There can be no guarantee of future profits.
**During the first year it is likely that dividend payments will be tax-free due to the likely treatment of dividends as a tax-free return of capital to investors and thereafter as capital gains income for a limited period. The dividend will only be payable to the extent there are legally available funds.
May 09
ERC Homebuilders 1 Share Price Increase: Shares Now $6.10
Effective May 11th 2020, the ERC Homebuilders 1 share price has increased from $6.05 per share to $6.10 per share.
April 12
Monthly Dividend Paid - April 2020
ERC Homebuilders 1 has just paid another monthly dividend in April! Being investor-friendly and meeting our goals are priorities for ERC Homebuilders, not just words. We are proud to announce that we have paid another dividend as projected—a monthly dividend based on an 8% annual yield.* We believe this will be tax-free for most investors.**
*Since the tax treatment of any distributions may vary according to the financial performance of the company, as well as the particular circumstances of the investor, investors should consult their own tax advisers, and should not assume that the distributions will be subject to the same tax treatment from year to year. ERC HomeBuilders, Inc. will not generate revenues or profits until the company has built and sold developments, and there is no guarantee that those developments will be profitable. The company will set aside a capital reserve as investments are received; dividend payments will initially be made from this reserve. There can be no guarantee of future profits.
**During the first year it is likely that dividend payments will be tax-free due to the likely treatment of dividends as a tax-free return of capital to investors and thereafter as capital gains income for a limited period. The dividend will only be payable to the extent there are legally available funds.
March 22
ERC Homebuilders Investor Video
Want to learn more about ERC Homebuilers? Check out our video below:
Hello,
Have there been dividends for September and October yet? I haven't seen anything in the mail since the document that had to be signed.
I emailed [email protected] and got the same message as others:
"Hi. This is the qmail-send program at mail.hostingplatform.com.
I'm afraid I wasn't able to deliver your message to the following addresses.
This is a permanent error; I've given up. Sorry it didn't work out.
<[email protected]>:
Sorry, no mailbox here by that name. vpopmail (#5.1.1)"
Hello,
Have there been dividends for September and October yet? I haven't seen anything in the mail since the document that had to be signed.
I emailed [email protected] and got the same message as others:
"Hi. This is the qmail-send program at mail.hostingplatform.com.
I'm afraid I wasn't able to deliver your message to the following addresses.
This is a permanent error; I've given up. Sorry it didn't work out.
<[email protected]>:
Sorry, no mailbox here by that name. vpopmail (#5.1.1)"
Hi Philip, if you'd like, go ahead and send a request on the Manhattan Street Capital form on the main page and let them know you are an ERC investor, and they can get you forwarded to the right person. Or if you are okay with it, post your email here and we will have someone reach out to you.
Hi Philip, if you'd like, go ahead and send a request on the Manhattan Street Capital form on the main page and let them know you are an ERC investor, and they can get you forwarded to the right person. Or if you are okay with it, post your email here and we will have someone reach out to you.
Did not receive dividends this month tried email [email protected] got MAILER-DAEMON message sent fail
Did not receive dividends this month tried email [email protected] got MAILER-DAEMON message sent fail
Dividends were just paid out about a week ago. You should be getting them in the mail within the next few days.
Dividends were just paid out about a week ago. You should be getting them in the mail within the next few days.
Offering Circular
Please read the Offering Circular here: Get Offering Circular
AN OFFERING STATEMENT REGARDING THIS OFFERING HAS BEEN FILED WITH THE SEC. THE SEC HAS QUALIFIED THAT OFFERING STATEMENT, WHICH ONLY MEANS THAT THE COMPANY MAY MAKE SALES OF THE SECURITIES DESCRIBED BY THE OFFERING STATEMENT. IT DOES NOT MEAN THAT THE SEC HAS APPROVED, PASSED UPON THE MERITS OR PASSED UPON THE ACCURACY OR COMPLETENESS OF THE INFORMATION IN THE OFFERING STATEMENT. YOU MAY OBTAIN A COPY OF THE OFFERING CIRCULAR THAT IS PART OF THAT OFFERING STATEMENT FROM:
https://www.manhattanstreetcapital.com/offering-circular/17973
YOU SHOULD READ THE OFFERING CIRCULAR BEFORE MAKING ANY INVESTMENT.
THE OFFERING MATERIALS MAY CONTAIN FORWARD-LOOKING STATEMENTS AND INFORMATION RELATING TO, AMONG OTHER THINGS, THE COMPANY, ITS BUSINESS PLAN AND STRATEGY, AND ITS INDUSTRY. THESE FORWARD-LOOKING STATEMENTS ARE BASED ON THE BELIEFS OF, ASSUMPTIONS MADE BY, AND INFORMATION CURRENTLY AVAILABLE TO THE COMPANY’S MANAGEMENT. WHEN USED IN THE OFFERING MATERIALS, THE WORDS “ESTIMATE,” “PROJECT,” “BELIEVE,” “ANTICIPATE,” “INTEND,” “EXPECT” AND SIMILAR EXPRESSIONS ARE INTENDED TO IDENTIFY FORWARD-LOOKING STATEMENTS, WHICH CONSTITUTE FORWARD LOOKING STATEMENTS. THESE STATEMENTS REFLECT MANAGEMENT’S CURRENT VIEWS WITH RESPECT TO FUTURE EVENTS AND ARE SUBJECT TO RISKS AND UNCERTAINTIES THAT COULD CAUSE THE COMPANY’S ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE CONTAINED IN THE FORWARD-LOOKING STATEMENTS. INVESTORS ARE CAUTIONED NOT TO PLACE UNDUE RELIANCE ON THESE FORWARD-LOOKING STATEMENTS, WHICH SPEAK ONLY AS OF THE DATE ON WHICH THEY ARE MADE. THE COMPANY DOES NOT UNDERTAKE ANY OBLIGATION TO REVISE OR UPDATE THESE FORWARD-LOOKING STATEMENTS TO REFLECT EVENTS OR CIRCUMSTANCES AFTER SUCH DATE OR TO REFLECT THE OCCURRENCE OF UNANTICIPATED EVENTS.
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