Realbricks reports property-level operating information to show how each offering has performed over time. This article reviews historical performance of Realbricks offering from the first reporting period in the fourth quarter (Q4) of 2024 through September 30, 2026, with a detailed look at Q3 (July–Sept 2026) results.
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Realbricks began reporting property-level operating results in the fourth quarter of 2024. Eleven offerings have been made available to over 35,000 users on the Realbricks platform through September 30, 2026.
Each offering progresses independently. Depending on the property and the applicable offering, a property may move through stages that include acquisition, construction, leasing, active rental operations, periods of vacancy, and, in some cases, sale of the underlying property. The following timeline illustrates the historical operating status of each offering on Realbricks from 2024 through Q3 2026:
Timeline of Offerings on Realbricks (2024-2026)
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An offering’s operational status does not necessarily mean the associated property generated rental income throughout the entire period. For example, an operating property may experience vacancy between tenants. Learn more in How Distributions Work on Realbricks.
Note that historical results reflect the performance of specific properties during specific periods. They do not predict or guarantee future rental income, distributions, property appreciation, liquidity, or investment returns.
In 2025, Realbricks transitioned its model of property acquisition to include investment opportunities associated with new construction homes acquired through a relationship with a national homebuilder. Since the construction of The Garrison, four additional new construction properties associated with Realbricks offerings have been listed on the platform.
These properties are generally under construction at the time an offering becomes available for investors. Upon listing an available offering, construction of the associated property is expected to be completed within 60–90 days. Actual completion dates may vary.
After construction is completed and the property is ready for occupancy, the property may be marketed to prospective tenants. The property does not begin generating rental income merely because construction has been completed. Rental income depends on securing a tenant, executing a lease, occupancy, and rent collection.
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New-construction homes may have characteristics that differ from existing rental properties, such as new appliances, smart-home features, or applicable builder warranties. These characteristics do not eliminate maintenance costs, repair expenses, vacancy risk, or other operating risks.
Realbricks evaluates potential investment opportunities through a structured evaluation process. This process is designed to help our team assess a range of market, property, and operational characteristics when determining whether a property may be suitable for a future SEC-qualified offering. Investors should consider the risks associated with real estate property investments, including lease-up periods, changes in rental demand, and operating costs.
Liquidity on the Realbricks platform generally occurs through two types of events: the completed sale of an underlying property or transactions between investors via the Secondary Market. The sale of a property is at the discretion of the property manager and secondary transactions are dependent on supply and demand. So while there are opportunities for liquidity, neither method provides a guarantee of liquidity.
Completed Property Sales. Three properties associated with offerings on Realbricks have been sold: Templeton, Cedar Ridge, and The Stag. When a Realbricks property is sold, the net proceeds in the form of appreciation of an underlying property are handled and distributed in accordance with the terms of the applicable offering documents. The amount ultimately received by investors can depend on the property’s sale price, transaction expenses, other applicable costs and obligations, and the terms of the offering.
Short-term property turnover is not the goal of the platform; instead, the Realbricks platform provides investment opportunities from the perspective that real estate investments are generally considered long-term investments. However, there is no predetermined holding period that guarantees when or whether an underlying property will be sold.
Investors purchase ownership interests in the entity that owns each property and should be prepared to hold those interests for an extended period of time.
Secondary Market. Realbricks is also developing a Secondary Market designed to allow eligible investors to buy and sell shares of participating offerings with other users through the Realbricks marketplace. The Secondary Market is a peer-to-peer marketplace to present a new option for liquidity to investors. It operates separately from the Primary Market, where investors purchase shares directly through an initial offering.
The Secondary Market may provide eligible investors with an opportunity to offer qualifying shares for sale, but liquidity is not guaranteed. A successful transaction requires a corresponding buyer and seller.
Shares may not sell immediately, at a particular price, or at all. Investors should be prepared to hold their shares for an extended period and review the applicable offering documents, marketplace terms, fees, and risk disclosures before participating.
In the third quarter (Q3) of 2026, Realbricks continued to offer fractional real estate investment opportunities for everyday investors by initiating the rental period for The Macallan in mid-August, completing construction of The Rossville followed by an executed lease agreement, continuing construction of The Melwood, and executing leases for two other offerings. Realbricks’ mission is to help more people participate in real estate investing by providing transparent, accessible investment opportunities designed to support long-term financial goals. Here is a look at how we have worked toward achieving this mission in Q3 2026.
Status of Realbricks Offerings as of Q3 2026
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Distributions for 2026 were calculated for applicable offerings based on the operating results of the underlying properties and the terms of each offering. Net operating income is the actual rental income received less the operating expenses. Expenses may include property management costs, maintenance and repairs, insurance, property taxes, and other costs associated with owning and operating the property.
Occupancy and tenant turnover, rental income collected, expenses incurred, and other property-specific operating events may affect whether an offering generated positive net operating income and whether a distribution was declared.
Quarterly distributions reflect the property's operating results. The following details provide a closer look at each Realbricks offering, including information about rental income collected and operating expenses incurred during the reporting period, as well as cumulative distributions for 2026 year-to-date (YTD) for applicable offerings.
The Dalmore. The property remained occupied throughout the quarter and collected rent during all three months of Q3. Distributions reflect positive net operating income after expenses were paid.
Woody Creek. The property remained occupied throughout the quarter and collected rent during all three months of Q3. Distributions reflect positive net operating income after expenses were paid.
The Garrison. The property remained occupied throughout the quarter and collected rent during all three months of Q3. Distributions reflect positive net operating income after expenses were paid.
The Blanton. No distributions for Q3 2026 due to vacancy. The property was marketed for lease during the quarter and placed a tenant in September. The executed lease begins October 1, 2026. Looking forward to Q4, rent collection may begin in accordance with the terms of the lease, and future distributions, if any, will depend on the property's operating results.
The Macallan. No distributions for Q3 2026. The property was occupied and collected rent for half of Q3; however, operating expenses for this quarter exceeded rental income. Looking forward to Q4, future distributions, if any, will depend on the property's operating results.
The Jameson. Lease executed in Q3 and tenant placed in September. Looking forward to Q4, rent collection may begin in accordance with the terms of the lease, and future distributions, if any, will depend on the property’s operating results.
The Rossville. Construction was completed in Q3 and the executed lease begins October 1, 2026. Looking forward to Q4, rent collection may begin in accordance with the terms of the lease, and future distributions, if any, will depend on the property’s operating results.
The Melwood. The property reached the final stages of construction as Q3 came to a close. In Q4, construction will be completed and the property will be marketed for lease.
Realbricks is committed to providing investors with transparent information about the properties offered on the platform and their operating performance. Our goal is to help investors understand how each property is performing by sharing relevant updates and educational information about property operations, distributions, and other material developments. We believe that transparent communication supports informed decision-making, while recognizing that all investments involve risk and that future operating results and distributions, if any, remain uncertain.
You can explore available offerings, track your portfolio, access information about your holdings and distribution history on your Realbricks account.
Build your real estate portfolio, one brick at a time, with Realbricks.
Disclaimer: Investing in real estate involves risks, including the potential loss of capital. This content is for informational purposes only and is not intended as investment advice. A debt-free property structure reduces certain risks but does not eliminate the risks of real estate investing, including vacancy, maintenance costs, and changes in property value. Distributions are not guaranteed and depend on a property being tenanted, collecting rent, and generating net operating income. Investors should perform their own research and consult with financial professionals before making investment decisions.
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Terra Mint Group, Corp ("Terra Mint"), as the Managing Member of Neptune REM, LLC ("Neptune") operates the RealBricks.com website (the "Site") and is not a broker-dealer or investment advisor. All securities related activity is conducted through Dalmore Group LLC, a registered broker-dealer and member of FINRA/SIPC, located at 525 Green Pl. Woodmere, NY 11598. You can review the brokercheck for Dalmore. An up-to-date Dalmore Form CRS is available.
You should speak with your financial advisor, accountant and/or attorney when evaluating any offering. Neither Terra Mint, Neptune, nor Dalmore makes any recommendations or provides advice about investments, and no communication, through this website or in any other medium, should be construed as a recommendation for any security offered on or off this investment platform. The Site may make forward-looking statements. You should not rely on these statements but should carefully evaluate the offering materials in assessing any investment opportunity, including the complete set of risk factors that are provided as part of the offering circular for your consideration.
Neptune is conducting public offerings pursuant to Regulation A, as amended, through the Site. The most current offering circular for Neptune is available here. Past performance is no guarantee of future results. Investments such as those on the Realbricks platform are speculative and involve substantial risks to consider before investing. These risks are outlined in the respective offering materials and including, but not limited to, illiquidity and a complete loss of capital. Key risks include, but are not limited to, limited operating history, reliance on key personnel, inherent risks in investing in real estate, distributions may not be received on predictable schedule and or at all by Investors, and lack of voting rights. Also, the adverse economic effects of the COVID-19 pandemic remain unknown and could materially impact this investment. An investment in an offering constitutes only an investment in a particular series and not in the underlying asset(s). Investors should carefully review the risks located in the respective offering materials for a more comprehensive discussion of risk.
From time to time, Neptune may undertake "testing the waters" for additional series of securities to be offered pursuant to Regulation A. For offerings that have not yet been qualified, no money or other consideration is being solicited, and if sent in response, will not be accepted.
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Investment overviews contained herein contain summaries of the purpose and the principal business terms of the investment opportunities. Such summaries are intended for informational purposes only and do not purport to be complete, and each is qualified in its entirety by reference to the more-detailed discussions contained in the respective offering circular filed with the SEC.
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Neptune does not have a public trading market for its Series Interests. While it intends to seek a quotation on PPEX, an alternative trading system (ATS) operated by North Capital Investment Technology, Inc. (“PPEX”) with a view to providing our holders of Series Interests with potential liquidity in the form of a secondary market for their investment in our Series Interests. However, there can be no guarantee that a secondary market may develop, or if it does, as to the volume or pricing with respect to any secondary trading that might develop. The PPEX does not employ market makers to provide liquidity, unlike national securities exchanges. Until Neptune’s Series Interests are listed, if ever, you may not sell the company’s Series Interests. Therefore, it may be difficult for you to sell Neptune’s Series Interests at the time you wish to do so, if you are able to sell them at all. If you are able to sell your Series Interests, you may have to sell them at a substantial discount to their public offering price. Because of the illiquid nature of our Series Interests, you should purchase Neptune’s Series Interests only as a long-term investment and be prepared to hold them for an indefinite period of time.
Property information shown has been provided from various sources, which can include the seller and/or public records. It is believed reliable but not guaranteed and should not be relied upon without independent verification.
Disclaimer: Images, Information and Floor Plan and Measurements are approximate and are for illustrative purposes only. We make no guarantee, warranty or representation as to the accuracy and completeness of the floor plans, measurements and or any information provided. You or your advisers should conduct a careful, independent investigation of the property to determine to your satisfaction as to the suitability of the property for your space requirements. All pricing and availability is subject to change. The information is to be used as a point of reference and not a binding agreement.
