A $15 million multifamily crowdfunding flip in just 8 months?
Can you smell the turkey, cranberry sauce, and stuffing? Thanksgiving is almost upon us and we’re back with another issue of “The GowerCrowd Real Estate Crowdfunding Newsletter.” This week, we’ve got several new deals from CrowdStreet, including a socially conscious opportunity zone project, an Indiana corn and soybean farm, a phenomenal flip from Lynd Living, and a major announcement from the crowdfunding platform AcreTrader.
Let’s get into it.
New Crowdfunding Platform Deals
One of the major unsung benefits of real estate crowdfunding is its ability to put power back into the hands of individual investors to shape their local communities, and communities nationwide, for the better. Crowdfunding investors have benefited tremendously from the significant appreciation in rents and housing prices over the past decade or more, but this success has created some challenges for the “missing middle” income range of renters, who make less than the area’s median income and thus are often priced out of quality housing.