CrowdStreet Advisors Launches CrowdStreet REIT I on iCapital

CrowdStreet Advisors has announced the launch of CrowdStreet REIT I  (or C-REIT) with iCapital. This represents an expansion of access for the fund, which has been available on CrowdStreet and now may be accessed via iCapital channels.

CrowdStreet Advisors is a wholly-owned subsidiary of CrowdStreet and a federally registered investment adviser. CrowdStreet Advisors provides investment advisory services to privately managed accounts and private funds but does not provide investment advisory services to the CrowdStreet Marketplace – an online investment platform providing access for individual investors to real estate investments.

Capital is an alternative finance platform serving the wealth management industry.

The C-REIT will make direct investments in commercial real estate projects around the world. The product provides a single vehicle for investors with a $25,000 minimum. iCapital boasts a network of more than 16,000 wealth advisors who may offer the C-REIT.

Sheldon Chang, President of CrowdStreet Advisors, said they were excited to work with iCapital, adding they are committed to supporting advisors in this “essential mission and working with iCapital to expand access to alternatives like private commercial real estate.”

As of March 31, 2023, CrowdStreet Advisors reports $497 million in client assets across both funds and separately managed accounts. Including C-REIT, CrowdStreet Advisors has launched 29 funds across multiple strategies.

As of November 30, 2022, iCapital services more than US$149.3 billion in global client assets, typically for high-net-worth clients served by wealth advisors.

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