On Wednesday, NexusCrowd Inc. announced it has closed its second commercial real estate offering, raising $500,000 in 5 weeks. By partnering with Downing Street Realty Partners on the project, the Canadian real estate crowdfunding platform allowed accredited investors to participate in the redevelopment of a portfolio of industrial properties in the Greater Toronto Area (GTA).
Hitesh Rathod, CEO of NexusCrowd, stated:
“Since September, we raised $1 million for two private commercial real estate investments using our innovative investment platform. Successfully closing our second offering indicates there is strong investor appetite for commercial real estate in Canada. Our goal at NexusCrowd is to continue fostering long-term partnerships with successful institutional developers and private equity investors to ensure we are providing individual investors access to attractive and exclusive investment opportunities,” added Mr. Rathod. “Investors also appreciate that NexusCrowd has gone through significant regulatory scrutiny and is licensed as an Exempt Market Dealer. Their confidence is extremely important as we continue to gain solid traction in this new and growing space.”
Marc Canale, partner at Downing Street, added:
“We partnered with NexusCrowd because they are the leading commercial real estate crowdfunding platform in Canada. We have over 30 years of experience developing and investing in commercial real estate but we wanted to access new sources of capital seamlessly without disrupting our business model. Our long-term partnership with NexusCrowd is a perfect fit because it enables us to do that. We are extremely pleased with how NexusCrowd executed this deal and look forward to partnering with them again in the near future.”
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