LOS ANGELES—Adam Chapnick, the first employeeand a former principal at crowdfunding siteIndiegogo, has joined the newly launched commercial real estatecrowdfunding platform AssetAvenue. Chapnick willserve as chief strategy officer for the site.

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“I had such an amazing experience at Indiegogo buildingsomething from nothing,” Chapnick tells GlobeSt.com. “It was arewarding feeling to see the impact that we made on people as weprovided them something that they were never able to have accessto, in that case it was funding for whatever it was that matteredto them. When I met David Manshoory (AssetAvenuefounder and CEO) and talked to him about what they were doing, itreally resonated with me in a similar way. This is a way whereregular people can get all of the amazing benefits of participatingin quality investments without devoting the time to becoming anexpert.”

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While crowdfunding in the real estate sector is becoming popularwith new companies springing up across the country, it is stillrelatively new. Chapnick plans on taking some time in this newposition to really learn the intricacies of commercial real estateinvesting and how it can be applied to the crowdfunding model. “Notonly do I plan on learning the ins-and-outs of commercial realestate construct, but much more learning the different sides of themarketplace because we serve both investors and operators,” hesays. Each of those has distinct points that we are looking tosolve.”

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Chapnick's move from Indiegogo at this time really shows hisbelief in real estate crowdfunding and in AssetAvenue's structureand goals. Indiegogo recently raised over $10 million inseries B fundraising. “When the Jobs Act waspassed, in the ensuing months, there was a lot of credence thatinvesting into start-ups would change people'slives. All of the crowdfunding opportunities that would happen withequity were really exciting in the angel investing and start-upspace, but people forget that successful investors have to spreadtheir bets over a portfolio of investments that are likely tofail,” says Chapnick. “The space that makes a really big differenceis real estate, and that is because the asset class underneath issomething that has an inherent value.”

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.