April 22, 2019
Portland, OR-based CrowdStreet Inc. crossed the $500 million threshold in total online investments, with a record number of new individual investors in March. The activity accompanies a record quarter that accounted for more than $75 million invested.
Q1 ended with more than $525 million invested on the CrowdStreet marketplace since inception (April 2014-March 2019). Roughly $11.9 billion of property value has transacted through the marketplace since inception.
Among the notable fundraises was a sponsor raising more than $4 million in offers in just over an hour. The inaugural fund of the CrowdStreet Blended Portfolio raised more than $9 million from 198 investors in two months.
CrowdStreet Tore C. Steen says, “Crossing over the $500 million mark is a significant milestone that clearly demonstrates that online investing in commercial real estate is here to stay.”
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Tags: Acquisition, Apartments & Multifamily, Industrial, Office, Retail
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