Last month, Real estate crowdfunding platform RealtyShares announced it acquired technology-first, marketplace platform Acquire Real Estate. The funding portal described Acquire as an innovative rival that has set a bar for product development within the industry. The company focused on developing industry-first products to serve its commercial sponsors and investors, keeping the platform at the forefront of innovation despite better-funded rivals.
“RealtyShares and Acquire share a vision that technology will make real estate investing easier and more accessible, uniting bold thinkers to set an innovative tone for the industry. Josh and Gerry are a perfect culture fit for our company. They bring the intuition, tenacity and experience we need to remove friction from the real estate investing process and help RealtyShares redefine this industry.”
Now, less than 30-days later, Director of Business Development at RealtyShares and former CEO of Acquire, Josh Klimkiewicz, is sharing more details about the acquisition. In a recent blog post, Klimkiewicz stated:
“When we decided to sell the company, it became apparent that RealtyShares was the right choice. We had built something great but required a partner that could take the technology Acquire had developed and really bring it to the next level. Like RealtyShares, we believe that technology will make investing in real estate and raising capital for projects easier and more accessible. RealtyShares not only shares our vision but has excelled at bringing it to life. It is a company with tremendous leadership, a dominant position in the market and one that is built for long term success.”
He also revealed:
“The mission doesn’t end here. I will join the RealtyShares team as the director of commercial business development to lead that channel as RealtyShares continues to scale. In my new role, I will concentrate on building long-term relationships between RealtyShares and real estate owners across the country. These relationships are important to the vision I mentioned earlier – a world where real estate sponsors have almost instant access to capital and investors can invest in vetted opportunities anywhere. I’m excited to leverage my years of industry experience to continue furthering this goal.”
He went on to add:
“I’m most excited, however, to join RealtyShares and become part of the team leading the charge to evolve the real estate landscape through technology. I know RealtyShares is the best landing place for our users, our technology and me. Together we can grow the company and build an environment where sponsors and investors can make better decisions and transact more quickly through a seamless, transparent and data-powered, user-friendly system.”