Proptech firm Cadre, a "technology-driven real estate investment platform" according to a press release, announced the sale of two multifamily assets—one in Baltimore and the other in Atlanta.
Cadre has a number of funds, deal-by-deal investments, and a secondary market. While the company will take investments from individuals as well as institutions, all have to be accredited investors.
"Cadre's investments are expected to generate 20.7% and 29.2% net annualized returns to its investors, showcasing the compelling relative value multifamily investments provide, especially relative to single family pricing at record high pricing," the firm said. "The Atlanta and Baltimore-based properties bring Cadre's fully realized investments to 13, representing $1.19bn of enterprise value."
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