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.