Platform Operates Under Invest Georgia Exemption Allowing Crowdfunding
CrowdVested opens real estate investment up to all Georgians, restoring the input and influence local communities have historically enjoyed while broadening the investment opportunities available to everyone. CrowdVested, a crowdfunding platform focused on commercial real estate, has officially launched today in Atlanta. CrowdVested offers real estate developers a fundamentally new way to raise capital and provides everyday people a vehicle to invest in commercial real estate deals.
Until recently, crowdfunding has been limited to people wanting to make donations or to buy goods; it has not been possible to truly invest in a great idea and receive a share of the profits. CrowdVested operates under the Invest Georgia Exemption, which allows Georgia residents to crowdfund investments within the state. Georgia is one of only two states in the country that has legalized crowd investing.
“We saw an opportunity to fill a void in the Georgia real estate market,” said Grady Thrasher, CEO of CrowdVested, who has extensive experience in business law and working with startups. “CrowdVested offers another way for local projects to get the last chunk of financing that they need, and equally importantly, it gives investors a way to profit from real estate projects that help their communities.”
CrowdVested enables real estate developers to raise funds for new projects by offering equity shares to Georgia investors, whether accredited or non-accredited. Thrasher said real estate is a perfect fit for crowd investing. It the foundation of local business, and the vast amounts of public information available helps investors to fairly evaluate proposed projects. CrowdVested will feature both redevelopment and new construction projects, ranging from multifamily projects to office buildings to neighborhood gyms.
“With a minimum investment of $500, we are opening up the real estate market to all investors,” Thrasher said. “Plus, it’s a great way to build community support for a project. Real estate projects can have such a profound impact on a neighborhood, so it’s important that local people have the opportunity to get involved.”