CrowdStreet Launches $18.4 Million Core Multifamily Equity Fund Investment Sponsored by Olympus Property

CrowdStreet, a crowdfunding marketplace connecting accredited investors with institutional-grade real estate investments, today announced it has posted an $18.4 Million equity fund investment opportunity, Olympus Fund IV, consisting of three Class A multifamily assets.

CrowdStreet-logo-emailThe fund will add two to three more multifamily properties in 2015 for additional diversification. This opportunity is sponsored by Olympus Property, a full-service multifamily investment and property management organization headquartered in Pantego, Texas, with total property value exceeding $1 Billion.

By listing on CrowdStreet, Olympus Property is targeting to raise $18.4 Million from accredited investors as part of a joint venture equity investment. Olympus Fund IV has an IRR target of 12 percent to 13 percent and an annual cash distribution target of between 6 percent and 9 percent.

Tore SteenCEO of Crowdstreet, Tore Steen stated,”We are excited to partner with Olympus Property to launch our first multifamily fund to our investor members. This demonstrates CrowdStreet’s continued pursuit of high-quality opportunities and our ongoing effort to enable our investor members to diversify their portfolios with commercial real estate.”

Olympus Fund IV provides CrowdStreet investors the opportunity to have direct ownership in a pool of Class A multifamily assets. The combined quality of both the fund assets and the sponsor, offered to CrowdStreet investors at a $25,000 minimum investment, marks the next step in the evolution of online commercial real estate investing.

Chandler WonderlyPrincipal at Olympus Property, Chandler Wonderly added,”Olympus believes in the future of online commercial real estate investing and we are thrilled to team up with CrowdStreet for our first online fundraising experience. We look forward to expanding our base of accredited investors by offering this unique opportunity to CrowdStreet members and leveraging the CrowdStreet solution.”

CrowdStreet provides a crowdfunding marketplace solution that connects accredited investors with institutional-quality commercial real estate investments. Accredited investors access an intuitively designed portal to find properties, manage offers, track investment performance and build a commercial real estate portfolio. With its cloud-based fundraising and investor relationship management platform, CrowdStreet offers real estate operators, funds and private equity companies an online vehicle to raise capital and manage relationships with new and existing investors more efficiently and cost effectively. Based in Portland, Ore., CrowdStreet was founded in 2013 by a team with deep experience in commercial real estate, securities and finance, marketing, consumer Internet and software development.

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