GRAND RAPIDS, MI—Joe Elias has always believedin the potential of the American Midwest. The Michigan native spent15 years developing real estate projects in the region, andrecently helped launch the Grand Rapids, MI—basedLoquidity, a real estate crowdfunding platformthat aims to build communities by drawing in investment that mightotherwise gravitate toward the coasts.
Although Elias and his partners launched their platform thissummer with a multifamily project, they are already talking toother brokers about using the platform for industrial, office andretail spaces. They will concentrate real estate investments inMichigan, Illinois, Ohio, Wisconsin, Iowa, Nebraska, Minnesota,Missouri, Kentucky, Pennsylvania, Virginia, Tennessee, Indiana andKansas.
The real estate markets in coastal cities like New York, SanFrancisco and Houston came roaring back several years ago. ButElias believes it is now the Midwest's turn, and what had been arelatively slow recovery is now gathering steam. GlobeSt.com spokewith Elias on the strengthening recovery and why now is the time toinvest in the region.
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
