Tagged: tore steen

CrowdStreet Comments on Critical WSJ Report: Represents an “Incomplete View of Deal Performance”

Last week, CrowdStreet endured several difficult days as a report in WSJ.com was highly critical of the real estate investment platform, claiming that $63 million of investor funds had “gone missing.” The claim was due to a securities offering on CrowdStreet by an issuer that… Read More

CrowdStreet: Founder Tore Steen Out as CEO as Interim CEO Steps In

CrowdStreet founder Tore Steen has stepped down from his CEO position at the real estate investment marketplace, and Jack Chandler has taken over as interim CEO, according to a statement by the firm. Steen had been one of the longest-serving CEOs in the real estate… Read More

CrowdStreet Looks to Boost Interest in Alternative Investments with CrowdStreet Advisors

Real estate crowdfunding platform CrowdStreet says it is working to promote alternative investments in real estate via its CrowdStreet Advisors, a wholly owned offshoot of the investment platform.  CrowdStreet Advisors aims to promote private investment opportunities by working closely with financial advisors interested in providing… Read More

Real Estate Investment Platform CrowdStreet Raises $43 Million in Equity and Debt Financing

CrowdStreet, a leading real estate crowdfunding platform, has raised $43 million in both debt and equity capital. According to a company statement, the equity financing came from a group of strategic investors, including Fortune 100 financial services company TIAA, which is making an investment through… Read More

CrowdStreet CEO Tore Steen on Inflation: “A moderately rising interest rate environment can be good for the commercial real estate industry”

CrowdStreet on the Impact of Inflation. Inflation is hitting multi-decade highs, and the US Federal Reserve is raising interest rates rapidly in a rear guard action aimed at taming what is effectively a hidden tax. While the administration claimed for many months that rising prices… Read More

CrowdStreet Says They Are Expanding Access for Individual Investors During Market Volatility, Hires New Executives

CrowdStreet, a real estate investment platform, says they are expanding opportunities for individual investors in spite of the ongoing market volatility and rising interest rates. Simultanesoulsy, CrowdStreet says they are hiring several new executives to better manage their growing offerings. In 2021, CrowdStreet raised $1.2… Read More

CrowdStreet Tops $1 Billion in Real Estate Crowdfunding

CrowdStreet, a top real estate investment marketplace, has topped $1 billion in direct equity investment from individual (accredited) investors. The company provides access to real estate investments in commercial property. CrowdStreet CEO Tore C. Steen called crossing the one billion mark a significant milestone for… Read More

CrowdStreet Raises $12 Million in Series C Funding: CEO Tore Steen Plans Thoughtful Expansion

CrowdStreet, a real estate crowdfunding platform, has raised $12 million in a Series C funding round from its “community of individual  investors and commercial real estate sponsors.” CrowdStreet leveraged its own platform to raise the growth capital. CrowdStreet also reported that it is on track… Read More

Real Estate Investment Platform CrowdStreet Tops $500 Million in Direct Equity Investment

CrowdStreet, a real estate investment platform providing direct equity investments for investors in commercial real estate (CRE), has surpassed $500 milion in aggregate online investment. The milestone comes following a record quarter for the platform where over $75 million was raised and the number of… Read More

Crowdfunding Real Estate Platform RealtyShares to Shut Down as Money Runs Out

RealtyShares, one of the more promising entrants in the once-hot real estate crowdfunding sector, is shutting down, according to several sources. A write up in the RealDeal from earlier today said the investment platform had been unable to raise additional growth capital as investors failed to… Read More

CrowdStreet Says Now More than 99,000 Investors on Crowdfunding Platform; Announces New Branding Details

CrowdStreet, in the midst of a rebranding campaign, announced on Tuesday that more than 99,000 investors are now registered on its real estate crowdfunding platform. CrowdStreet operates a marketplace for direct equity investment in commercial real estate and provides project sponsors with investment management software… Read More

KBSDirect Debuts $1 Billion No-Load Real Estate Fund on CrowdStreet

Real estate crowdfunding platform CrowdStreet announced on Thursday U.S. commercial real estate company KBS has launched a new $1 billion “no load” and no upfront commission growth and income properties fund on its marketplace. According to CrowdStreet, the KBS Growth & Investment Fund was launched in beta last… Read More

CrowdStreet’s Big Curb Appeal: 60,000+ Investors Strong, 4x Increase in Investment Dollars Managed (Infographic)

CrowdStreet, a Portland-based commercial real estate investment platform for investor acquisition and relationship management, is making its commercial real estate investment marketplace for sponsors and investors a reality. A pioneer in this space, CrowdStreet aims to put the power in the hands of consumers, providing… Read More

Now Live! CrowdStreet’s Sponsor Direct Commercial Real Estate Investing Platform for Financial Advisors

CrowdStreet, a commercial real estate investment platform for investor acquisition and relationship management, now offers several new “enhancements” to its flagship Sponsor Direct white-label software platform which was designed to address the needs of modern investment firms. With these new features, Sponsor Direct’s software combines… Read More

Reg A+ Impact Housing REIT is Qualified by SEC. Seeks $35 million

Impact Housing REIT, LLC (ImpactHousing.com), an apartment real estate investment trust has announced its Reg A+ offering to raise up to $35 million has been qualified by the SEC. Backed by crowdfunding platform CrowdStreet‘s technology, the offer is now open to investors – both accredited… Read More

CrowdStreet Says Business is Booming for Real Estate Crowdfunding

CrowdStreet, an online marketplace for real estate investment, says business is booming. According to a report from the company, CrowdStreet is “oversubscribing multi-million dollar raises in less than 30 days.” CrowdStreet matches high net worth individuals with real estate sponsors. One recent offer was described… Read More

CrowdStreet Secures $3.5M During Series A Funding Round Led By Rally Ventures

CrowdStreet, a real estate crowdfunding platform, investor acquisition and management platform , announced on Wednesday it has raised $3.5 million in Series A funding. This round was led by Rally Ventures with participation from various seed investors including Green Visor Capital, Seven Peaks Ventures and Portland… Read More

CrowdStreet & Mainstreet Celebrate Crowdfunding Success; Delivers 14 Percent Return to Investors

CrowdStreet, a crowdfunding platform enabling commercial real estate developers and operators to efficiently and effectively acquire, convert and manage investors for their projects, today announced the sale of Stonecroft Health Campus, a senior health care property crowdfunded through CrowdStreet’s marketplace and developed by Mainstreet, a developer of… Read More

CrowdStreet Announces New Product Platform That Enables Sponsors to Raise Capital From Their Own Websites

CrowdStreet, a commercial real estate marketplace solution leader that connects accredited investors with institutional-quality real estate investments, today announced the launch of CrowdStreet Sponsor Direct, a new private-label product platform for real estate operators and developers (sponsors) that want to offer crowdfunded real estate fundraising… Read More

CrowdStreet Launches $18.4 Million Core Multifamily Equity Fund Investment Sponsored by Olympus Property

CrowdStreet, a crowdfunding marketplace connecting accredited investors with institutional-grade real estate investments, today announced it has posted an $18.4 Million equity fund investment opportunity, Olympus Fund IV, consisting of three Class A multifamily assets. The fund will add two to three more multifamily properties in 2015… Read More

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