Small Change: Real Estate Crowdfunding Platform Reports Best Year Yet

Small Change, a FINRA-regulated Funding Portal in the real estate sector, is reporting its best year to date. According to the company, in 2024, issuers raised over $6 million for 12+ real estate projects across the US. Small Change says that 13 issuers were launched in 2024, with several still open for funding. The company anticipates a robust 2025 with more offerings listed on the platform.

Small Change shares that in 2024, a $3.75 million raise for 22 Drydock, a $400MM life-sciences building in Boston’s Seaport District, was the largest securities offering on the platform to date. Boston Real Estate Inclusion Fund (BREIF) introduced the offering to provide minority and women investors an opportunity to invest in the 344,000-square-foot, LEED-Platinum property developed by Related Beal.

The other investment offerings that closed in 2024 include:

  • Creative Homies, a hub in Portland, Oregon, for BIPOC creatives. Black developers and artists Cyrus Coleman and Adewale Agboola raised $94,400 from 41 investors.
  • El Centro, the conversion of a former warehouse in Philadelphia into a school. Developer  SHIFT Capital, LLC raised $1,003,963 from 41 investors.
  • The King Henry, an infill housing project in Alexandria, Virginia. Minority-owned Wall Street Capital Development Partners raised $558,000 from 40 investors.
  • The Pajama Factory is a conversion of eight historic buildings in Williamsport, PA, into an arts-centric mixed-use complex. Developer Mark Winkelman raised $158,000 from 23 investors.
  • Roseland Center is a medical and retail center in Chicago.  Minority-owned developer Chicago TREND, which focuses on inclusive shopping center ownership and community revitalization, raised $134,500 from 52 investors.

Eve Picker, founder and CEO of Small Change, said that while each offering is different, they all have one thing in common: social impact.

“Each fulfilled the criteria outlined in our Small Change Index™, making a difference through superior DEI goals, environmental conservation, community benefits and more.”

Picker said that that Small Change is well prepared for the anticipated increased activity in 2025, following the addition of five partners with experience in crowdfunding, real estate and tax credits.

Picker noted they launched the platform in 2016 with the mission to open up real estate investing to everyone while providing opportunities for underserved developers.

“The success of the closed offerings and the momentum we enjoyed in 2024 demonstrates to me that we are slowly but surely achieving these goals.”



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