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Deals & Dealmakers

Online marketplace reaches $500M in online real estate investments

CrowdStreet, Inc., a technology provider with an online marketplace for direct equity investment in commercial real estate (CRE), announced that in March it crossed the $500 million threshold in total online investments with a record number of new individual investors.

The news accompanies a record quarter with over $75 million invested.

The quarter ended with more than $525 million invested on the CrowdStreet Marketplace since inception (April 2014-March 2019);

Approximately $11.9 billion of property value transacting through the Marketplace since inception;

One sponsor raised over $4 million in offers in just over an hour;

The inaugural fund of the CrowdStreet Blended Portfolio raised over $9 million from 198 investors in two months.

The company recently expanded its leadership team with the appointment of Gaylyn Sher-Jan as chief people officer, Brent Hieggelke as chief marketing officer and Tony Lai as vice president of customer success to support the company’s rapid expansion.

Sher-Jan will be focused on organizational development and human resource optimization, Hieggelke is focused on expanding the company’s fast-growing investor base and expanding the brand, and Lai is focused on ensuring an optimal experience for the sponsors/developers launching offerings on the Marketplace.

“Crossing over the $500 million mark is a significant milestone that clearly demonstrates that online investing in commercial real estate is here to stay,” said Tore C. Steen, CEO of CrowdStreet.

“Investors on CrowdStreet can now choose between directly investing in a variety of commercial real estate asset types, investing in a diversified portfolio of Marketplace assets by making one investment in the CrowdStreet Blended Portfolio, or getting personalized advice with our Private Managed Accounts service.”

The quarter also included CrowdStreet supporting Motley Fool’s new real estate investment advisory service launch.

“Motley Fool has launched a new subscription service called Mogul, by Millionacres that focuses on real estate investing,” said Austin Smith, director of Millionacres. “This service discusses and presents subscribers with real estate investment opportunities that includes some commercial real estate offerings from the CrowdStreet Marketplace.”

CrowdStreet’s technology helps investors gain access to investment opportunities outside of the traditional avenues of the stock market, which may allow them to diversify their investment portfolios and better distribute risk, while fundamentally transforming real estate investing through technology.

CrowdStreet is helping to create a community where individual investors and CRE firms can work together to maximize wealth through commercial real estate.

Sponsors who raised capital on the CrowdStreet marketplace in the quarter included Feldman Equities, KBS, and Driftwood Hospitality.

More than 112,000 investors, along with 275 commercial real estate operators Are currently on the CrowdStreet platform.

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