Jamestown, the Atlanta-based investment firm that owns Industry City and sold the Chelsea Market building to Google for $2.4 billion, has announced a new crowdfunding partnership.
The company will partner with StartEngine to introduce its Jamestown Invest platform to Americans looking to get into real estate.
The new online real estate investment vehicle represents the
first and only Reg A+ real estate investment opportunity StartEngine has
featured among its listings typically dominated by technology start-ups.
The new listing comes in response to increasing interest for
real estate investments, which are seen as helpful in developing balanced
portfolios. Since its launch in 2015, StartEngine has raised more than $150
million for over 350 companies on its crowdfunding platform.
“We’re very excited to introduce Jamestown Invest to
investors who have voiced a desire to invest in real estate,” said StartEngine
co-founder and CEO Howard Marks. “With its focus on value-added real estate opportunities,
Jamestown Invest offers our investors the ability to invest in real estate with
a proven team.”
“Today’s generation of investors want to have a sense that their investments are lifting communities and building their neighborhoods; they want to know that their investment managers share their values,” commented Michael Phillips, a principal and president of Jamestown.
“We launched Jamestown Invest so individuals throughout the US could have the opportunity to invest in commercial real estate through a platform where there is a multi-dimensional return. StartEngine is an ideal partner for Jamestown Invest because they understand the importance of this type of relationship.”
Jamestown Invest is an online direct-to-consumer investment
vehicle that allows American individuals the opportunity to invest in real
estate for a minimum of $2,500. Backed by Jamestown’s more than 35-year track
record of investing and managing real estate, the fund focuses on the
acquisition of value-add properties in urban locations with potential for
repositioning or redevelopment.
Since its launch in December 2019, Jamestown Invest has
acquired a majority stake in Southern Dairies, a historic five-building,
79,000+ square foot creative office campus in Atlanta’s Old Fourth Ward
neighborhood. Located just steps away from Ponce City Market and the BeltLine
Eastside Trail, the former dairy distribution plant now houses a diversified
tenant mix including architectural, advertising, and real estate firms.
Under the JOBS Act that was signed in 2012, StartEngine
provides the public with an opportunity to invest directly in private
businesses through the purchase of stock shares, debt, revenue share and more.
StartEngine was one of the first equity crowdfunding platforms and has since
helped businesses across 53 different industries to source capital without the
help of private equity or venture capital firms.
Prior to Jamestown Invest, StartEngine focused largely on
startups and early growth companies, and has successfully helped more companies
raise capital than any other crowdsourcing platform, with 157 companies
launching offerings in 2019 alone.
StartEngine has over 10,000 shareholders and was named the
10th fastest-growing private company in California by the 2020 Inc. 5000 Series
list.
