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.

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Currently, the company is working on building up its database ofpre-qualified accredited investors, Dee Hunter,managing director, tells GlobeSt.com.

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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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Hunter anticipates that the minimum amount to be invested at theNNN Crowd will be $25,000 at an average five-year term. "Afterthat, the investor can liquidate or reinvest."

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Hunter anticipates great demand for the platform's services. Thenet lease space has been characterized with strong demand for alimited supply of quality income-producing product. Because theplatform will be devoted only to net lease assets - which tend tobe occuppied by long-term, investment-grade tenants - investorswill have a better sense of the yields they can reap from theirinvestors, Hunter says.

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