Why the Midwest is Bouncing Back

GRAND RAPIDS, MI—Joe Elias has always believed in the potential of the American Midwest. The Michigan native spent 15 years developing real estate projects in the region, and recently helped launch the Grand Rapids, MI—based Loquidity, a real estate crowdfunding platform that aims to build communities by drawing in investment that might otherwise gravitate toward the coasts.

Although Elias and his partners launched their platform this summer with a multifamily project, they are already talking to other brokers about using the platform for industrial, office and retail spaces. They will concentrate real estate investments in Michigan, Illinois, Ohio, Wisconsin, Iowa, Nebraska, Minnesota, Missouri, Kentucky, Pennsylvania, Virginia, Tennessee, Indiana and Kansas.