November 17, 2020
Portland-based CrowdStreet launched a diversified investment fund that will focus on warehouse, distribution and logistics, and data center properties including last-mile assets serving companies engaged in e-commerce or supporting the supply chain. CrowdStreet notes the supply of industrial assets was generally low heading into 2020 and the pandemic has further fueled demand, creating a disconnect — and opportunity — in the market.
CrowdStreet’s Ian Formigle says, “With the pandemic, e-commerce adoption is accelerating as waves of consumers simultaneously shift to online shopping, driving demand for assets like warehouses, distribution and logistics centers, and data centers. The new CrowdStreet e-commerce property fund will benefit from accelerating growth in this sector.”
The e-commerce property fund will invest in multiple projects across the U.S. with an estimated total capitalization of $400 million. The equity fund is structured to seek a combination of income and appreciation for individual investors over a five-to-seven-year hold. CrowdStreet will source deals through its broad network of experienced, specialized sponsors.
For comments, questions or concerns, please contact Dennis Kaiser