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CrowdStreet, Inc. (“CrowdStreet”), an award-winning1 real estate investing platform, today announced plans to accelerate the development and support for products and services designed to meet the needs of the growing number of financial advisors looking to diversify client portfolios with opportunities outside of the public markets, like private commercial real estate and other alternative investments. CrowdStreet Advisors, LLC (“CrowdStreet Advisors”) combines a team of highly experienced commercial real estate and investment management professionals with a group of financial technology innovators dedicated to working with advisors to bring exclusive boutique real estate investments to their clients.
As of September 30, 2022, CrowdStreet Advisors had $431 million in assets under management across separately managed accounts and more than 25 private funds. Their flagship fund, CrowdStreet REIT I (C-REIT), was recently launched and offers advisors a low-cost entry point and professionally-managed option for clients interested in investing in multiple private commercial real estate projects focused on growth and capital appreciation in middle markets with gross asset values typically ranging from $40 million to $100 million. C-REIT has quickly raised $37 million and is approved on major custody platforms, including Fidelity, Schwab, Pershing, TD Ameritrade, as well as 17 self-directed IRA (SDIRA) custodians.
CrowdStreet CEO and co-founder Tore Steen. “At CrowdStreet our mission has always been to increase investor access to private commercial real estate—especially the growth-oriented value-add, opportunistic, and development segments of the real estate market that have historically only been available to institutional investors. Financial advisors play a critical role in helping investors grow and preserve wealth, and we’re excited to accelerate our efforts at a time when many investors are looking to their advisors for new ways to navigate a challenging market, including access to alternative investments with the potential to provide some level of downside protection while helping to mitigate the effects of inflation.”
CrowdStreet Advisors’ accelerated expansion of support for financial advisors is being driven by investors who are increasingly asking their advisors for more ways to diversify their portfolios and for assets that may help mitigate the effects of inflation. Recently, CrowdStreet announced that it raised $43 million in additional funding from a diverse coalition of industry-leading firms led by Nuveen Real Estate, a TIAA company, and plans to use a portion of this funding to expand its capabilities and support growing interest from advisors.
CrowdStreet Advisors President Sheldon Chang. “We are hyper-focused on advisors. Introducing them to CrowdStreet and our highly differentiated investment opportunities is only part of the CrowdStreet Advisors mandate. In addition to our dedicated teams and rigorous investment selection process, we have a direct line to the latest research and boots-on-the-ground insights from our extensive regional network of sponsors, developers, and operators. We believe our ability to tap into this expertise—and our access to proprietary data and projects available through them—gives us a distinct edge over other investment managers in this space, and we’re passing that on to advisors through our products and services.”
CrowdStreet Advisors provides access to a curated selection of private commercial real estate investments that have historically only been made available to institutional investors by firms offering private funds with high investment minimums.
The CrowdStreet Advisors Edge:
CrowdStreet Advisors Chief Investment Officer Ian Formigle. “We select growth-oriented projects in locations where we believe we have a discernible edge. Secondary metro markets like Austin, Nashville, and Raleigh-Durham that possess strong market fundamentals, ranking above national averages in key areas such as job and population growth, and that we believe offer attractive, risk-adjusted investment opportunities. Investments that stand out as relatively unique yet still complementary to the typical Core, Core Plus investments you find in many client portfolios today.”
Since 2019, CrowdStreet has evaluated over 5,000 real estate projects.2 Of those, CrowdStreet Advisors has selected only the top 3% of all potential opportunities, with C-REIT and thematic funds investing in just 1.2% of the overall projects evaluated, a reflection of the fund’s selectivity.3
CrowdStreet Advisors is a wholly-owned subsidiary of CrowdStreet, Inc. (“CrowdStreet”) that provides advisors and their clients with access to curated private commercial real estate opportunities selected from CrowdStreet’s proprietary deal flow, sourced from a deep network of 300+ real estate sponsors, developers, and operators. Through its private-market products and services—REITs, thematic funds, separately managed accounts, and custom fund solutions—CrowdStreet Advisors provides unique exposure to middle-market commercial real estate (projects with gross asset values typically ranging from $40 million to $100 million), offering investments that are historically less correlated to public-market assets.4 For more information on CrowdStreet Advisors, visit www.crowdstreetadvisors.com.
