June 24, 2016
By: Daniella Soloway
A 40-person team of former Google, Facebook and Square employees are shaking up commercial real estate at Cadre, a new start up. Former Goldman Sachs, Blackstone and Harvard alum, 27-year old Ryan Williams and his team, have raised $68 million in the past year and half.
Cadre’s platform allows for vetted sellers to post their listings to a network of “qualified purchasers” who are looking to pay $500,000 or more to acquire properties from multifamily, retail to office, much like the open-door policy of the stock market.
As opposed to high-net worth individuals investing in REITs, the platform allows for them to be in complete control of their investment and gives them the power to choose their own properties.
Williams said, “Cadre’s mission is to create a more efficient economy, where we can connect the world’s buyers and sellers in opaque assets that have been inaccessible to many.”