CHEVY CHASE, MD—A new crowdfunding platform for the commercialreal estate industry has opened its doors: Locally-basedThe NNNCrowd is up and running and the company hopes to beable to make its first offering on the site by the end of theyear.
Currently, the company is working on building up its database ofpre-qualified accredited investors, Dee Hunter,managing director, tells GlobeSt.com.
This will be the first crowdfunding platform aimed specificallyand solely at net lease assets, Hunter says. It joins a small butgrowing group of companies that include Realty Mogul and FundRisethat are aimed at crowdfunding for commerical real estate. The NNNCrowd will skew more to the former's model, Hunter says, in that itwill seek out a smaller number of investors for a project – say 20to 30 – who invest larger amounts. FundRise's minimum investmentfor a project, by contrast, is $100.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
