Mahi Sall, Advisor, Fintech-Bank Partnerships, Payments and Financial Inclusivity
January 25th, 2023
TechCrunch by Katie Roff | November 18, 2015
Fundrise, the real estate crowdfunding site, is offering up to $50 million in shares to the public, for the launch of its online real estate investment trust.
This REIT will be used to invest in a diverse portfolio of commercial real estate properties including offices, apartments and shopping centers. The idea is that it will generate cash flow and will be paid out to investors in regular dividends.
“Today is a massively historic day for the Fundrise team the result of over four years of work!” said Ben Miller, cofounder and CEO, in a statement. “Soon anyone in the country will be able to access the same investments as billion dollar institutional funds but with roughly 1/10th of the fees, heightened transparency, and low investment minimums of $1,000.”
Up until recently, only accredited investors, or high-net worth individuals, could buy shares in private companies or trusts. Dubbed a “mini IPO,” Regulation A+ opened up the doors to everyone, regardless of their income or assets.
Fundrise has a history of making it easier for ordinary investors to put money to work. Non-accredited investors can regularly invest in real estate by pooling money together, i.e. “crowdfunding.” Past projects have included World Trade Center 3.
While Fundrise says it was the first to enter the real estate crowdfunding space, there are other startups aiming to do something similar. Patch of Land, Cadre, Realty Mogul and RealCrowd all brand themselves as real estate crowdfunding.
The National Crowdfunding Association of Canada (NCFA Canada) is a cross-Canada non-profit actively engaged with both social and investment crowdfunding stakeholders across the country. NCFA Canada provides education, research, leadership, support and networking opportunities to over 1300+ members and works closely with industry, government, academia, community and eco-system partners and affiliates to create a strong and vibrant crowdfunding industry in Canada. Learn more About Us or visit ncfacanada.org.
January 25th, 2023
June 1st, 2021
September 9th, 2020
July 17th, 2020
August 22nd, 2019
September 26th, 2018
July 9th, 2018
March 19th, 2018
January 3rd, 2018
September 25th, 2017
July 31st, 2017
June 20th, 2017
May 10th, 2017
May 9th, 2017
December 14th, 2016
September 13th, 2016
NCFA Canada
Craig Asano
CEO and Executive Director
casano@ncfacanada.org
ncfacanada.org
Leave a Reply