RealtyMogul Alternatives for Investors

Repurchases paused

What are the alternatives to RealtyMogul?

The right RealtyMogul alternative in 2026 depends on what you held: REIT holders need low-minimum funds, and deal investors need individual sponsor offerings. RealtyMogul's two real estate investment trusts (REITs) suspended share repurchases on April 21, 2026. Its private placement side showed no live offerings when Relli checked on October 20, 2026.

Why are investors switching from RealtyMogul?

Four changes since mid-2025 explain why investors are switching from RealtyMogul. Each is recorded in a filing, on BrokerCheck or on RealtyMogul's own site.

• Both REITs stopped buying back shares, and stopped dividend reinvestment, as of April 21, 2026.
• The investment-opportunities page lists no live deals and says "new institutional-quality commercial real estate opportunities are on the horizon."
• The broker-dealer affiliate, RM Securities, LLC, shows as inactive on FINRA BrokerCheck. Its withdrawal was effective July 11, 2025, according to the REITs' annual report.
• In November 2025 the parent company merged into RM Investor, LLC, an entity managed by The Wideman Company.

Existing investments still report: the Income REIT declared a third-quarter 2026 distribution (Form 1-U, October 2, 2026). What changed is the ability to add money or take it out on a schedule.

The shortlist

Which platforms are closest to RealtyMogul?

Relli is the platform closest to RealtyMogul's private placement model, followed by Crowd Street, EquityMultiple and Fundrise. In that model, outside sponsors listed their own offerings and the sponsor paid the platform. The table orders platforms by how closely each matches it, with RealtyMogul first for reference. Fundrise is last on that measure, but it is the nearest match for the REIT side.

Platform notes

What does each RealtyMogul alternative offer?

Each RealtyMogul alternative replaces a different part of RealtyMogul. Relli offers individual sponsor offerings, Crowd Street large managers' funds, EquityMultiple one operator-sponsor's offerings and notes, and Fundrise low-minimum funds.

Your REIT shares

Can you still redeem RealtyMogul REIT shares?

RealtyMogul REIT shares cannot be redeemed through the repurchase programs as of October 20, 2026. Both REITs suspended share repurchases, and their distribution reinvestment plans, as of April 21, 2026, according to RealtyMogul's REIT pages.

Repurchase programs at non-traded REITs can be limited or stopped by the REIT's board. The SEC's investor bulletin on non-traded REITs warns that redemption programs "may be discontinued ... without notice." The guide to REIT repurchases and liquidity explains repurchase caps, suspensions and secondary sales.

What are the RealtyMogul Income REIT and Apartment Growth REIT?

The Income REIT and the Apartment Growth REIT are RealtyMogul's two non-traded real estate investment trusts, sold under Regulation A and open to non-accredited investors. Neither trades on an exchange, so share value is a net asset value (NAV) per share that each REIT reports.

• Apartment Growth REIT: NAV of $6.36 per share at June 30, 2026, and paused for new investors while its offering circular is refreshed.
• Income REIT: a third-quarter 2026 distribution of about 1.5% of NAV, annualized, on a $6.79 per-share basis (Form 1-U, October 2, 2026).

The guide to non-traded REITs compares them with private deals.

Trust questions

Is RealtyMogul legit?

RealtyMogul operates through registered firms and SEC-reporting REITs while it changes ownership and business. On October 20, 2026, RM Adviser, LLC (CRD 283877) showed as an active SEC-registered investment adviser. FINRA BrokerCheck listed the broker-dealer RM Securities, LLC (CRD 323671) as inactive. Registration is not a judgment on any investment. Check both records on the SEC's Investment Adviser Public Disclosure site (IAPD) and BrokerCheck.

Head to head

How does RealtyMogul compare with Fundrise?

RealtyMogul and Fundrise both sold low-minimum, non-traded real estate funds to non-accredited investors, but in October 2026 they differ on the exit. Fundrise's interval funds still make quarterly repurchase offers, while RealtyMogul's REITs have had none since April 21, 2026. That shared history makes Realty Mogul vs Fundrise a common comparison.

Fundrise sells only its own funds. Its parent, Rise Companies, reported $3.4 billion of assets under management and "over 404,000 active investor accounts" at June 30, 2026 (Form 10-Q).

How does RealtyMogul compare with CrowdStreet?

RealtyMogul and CrowdStreet both began as places where accredited investors chose deals from many sponsors, and both have moved away from that. CrowdStreet became Crowd Street on May 29, 2025 and now offers large managers' funds and REITs. RealtyMogul lists no new placements. What both once offered, individual offerings from independent sponsors, is now the job of a sponsor marketplace.

RealtyMogul's placements were Rule 506(c) offerings, the kind sponsors may advertise. Relli's analysis of SEC Form D data looked at 4,172 U.S. real estate offerings filed from October 1, 2025 to September 30, 2026. Of those, 29.3% used Rule 506(c), and the median stated minimum was $50,000. The Form D minimums study has the detail.

Five checks

How did Relli build this comparison?

Relli built this comparison by checking each platform on October 20, 2026, against five questions. The questions were who sponsors the offerings, who can invest, the minimum, who pays the platform, and how investors get money out. Each platform's own pages came first, then Form CRS, SEC filings, BrokerCheck and the SEC's adviser search, with NerdWallet named where used.

Platforms appear in order of closeness to RealtyMogul's private placement model. They are not scored or ranked. No platform paid to be included. Relli is listed with its limits because it is one of the options and publishes this page. Relli re-checks the REIT repurchase status and RealtyMogul's offerings page on a schedule.

Before you move

What should you check before moving money from RealtyMogul?

The first check before moving money from RealtyMogul is what you already own, because a new platform cannot take over old positions.

1. Confirm what you hold: REIT shares or an interest in a sponsor's deal. Exit rules differ.
2. Read the latest filing yourself. The REITs' Form 1-U reports and annual report are on SEC EDGAR.
3. For a sponsor deal, contact the sponsor directly about reporting and the expected exit date.
4. On a new platform, ask in writing who sponsors each offering, who pays the platform and how you get money out.
5. Look up the new platform's firms and the sponsor on BrokerCheck and IAPD before you send money. The guide to vetting a sponsor lists the free checks.