Chicago-based real estate crowdfunding platform PeerRealty announced today a new agreement with leading alternative asset custodian PENSCO Trust Company. PeerRealty has joined the PENSCO Marketplace, giving individual investors the opportunity to invest in high-quality real estate crowdfunding investments using self-directed Individual Retirement Accounts (IRAs).
PeerRealty CEO Jordan Fishfeld, stated:
“At PeerRealty, we believe that everyone should have access to top notch real estate investment opportunities, and our partnership with PENSCO will allow investors to access these deals using tax-advantaged retirement funds. PENSCO is one of the leading alternative asset custodians in the country, and we’re thrilled to partner with them by joining the PENSCO Marketplace.”
PENSCO continues to innovate with technology that facilitates the ability to invest in equity crowdfunding with retirement funds. PENSCO is well versed in IRS regulations that allow its investors to hold private placements in IRA accounts.