CrowdStreet in South Carolina and a Wind Farm from AcreTrader.
As we march into December there are plenty of new developments in the world of real estate crowdfunding, including new projects from CrowdStreet and AcreTrader, an NYC-based real estate firm seeking to unload retail buildings in Miami’s Design District, and more changes in leadership at Kiavi, formerly LendingHome. Let’s get into it.
New Crowdfunding Platform Deals
Many areas of the Southern United States have seen substantial growth over the past decade or so- a trend that was only accelerated during the home rush in the early and middle part of the COVID-19 pandemic. Much of this growth was (and is) being driven by the relative affordability of many Southern markets when compared to high cost of living areas in other parts of the country. We’ve seen many different real estate crowdfunding projects in the South, including this offering from CrowdStreet, the Latitude at West Ashley Apartments, a planned multifamily apartment complex renovation that’s currently under contract at a below-market price in a fast-growing submarket of Charleston, South Carolina.