Steen says thereis pent-up demand that crowdfunding is uncorking as it reaches moreinvestors.
PORTLAND, OR—CrowdStreet's online marketplace for direct equitycommercial real estate investment crossed the $500 millionthreshold in total online investments last month. This represented a record number of new individualinvestors on the platform.
The news accompanies a record quarter with more than $75 millioninvested by individuals in commercial real estate deals onCrowdStreet. The first quarter ended with more than $525 millioninvested on the CrowdStreet Marketplace since its foray intooffice, multifamily, hotel, retail and industrial transactions(April 2014 to March 2019). In fact, since its inception,approximately $11.9 billion of property value has been transactedthrough the Marketplace.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
