CrowdStreet Rises to the Occasion in the Face of Market Volatility

We hope you had a great Independence Day! We’re back with all of the real estate crowdfunding news that you need to know.

This week in the newsletter, as far as deals go, we’ve got Build-to-Rent Apartment Homes from Redwood Apartment Neighbors, with several new build-to-rent projects now open for investment in Illinois and Ohio. We’ve also got Bay Island, a value-add 120-unit lakeside multifamily property that sits in Garland, Texas

Additionally, we’re going to look at CrowdStreet’s new hire of a “Fintech Visionary,” and the firm’s mission to continue to expand access to the real estate markets during volatile economic times. We will finish off with a look at the latest episode of “The Real Estate Crowdfunding Show,” featuring a talk with Ben Reinberg over at Alliance.

Let’s get into it.

New Crowdfunding Platform Deals

Redwood Living is an Ohio-based firm that bills itself as having “reinvented the traditional apartment rental experience.” Their business model seeks to elevate the standard apartment rental experience into something much better, giving rents all of the creature comforts one would find in one’s own home, including homes in real neighborhoods, filled with quality appliances, and upgraded features and fixtures. 

The firm has an upcoming deal that will be open for investment shortly, Redwood Crystal Lake Central Park Drive, a Chicago, Illinois apartment home project with 124 units, a preferred investor pay rate of 10%, and a standard minimum investment of $50,000. Read more at Redwood Living, here

Now let’s head down south to Garland, Texas, where you’ll find Bay Island, a 120-unit lakeside multifamily property that sits in the suburbs of the DFW Metroplex. This value-add property rests in one of the fastest-growing MSAs in the United States and its location, size, design, and upgrade possibilities place it as a fantastic multifamily value-add opportunity for the right investor. Learn about Bay Island on RealtyMogul, here.

General Crowdfunding Industry News

CrowdStreet recently hired two new executives with a wealth of experience in fintech and the real estate markets as a whole. The firm brought on John Farda as Chief Product Officer and called up Scott Mackley to be their President of Marketplace Business. 

Farda is tasked with creating efficiencies within, and generally elevating the commercial real estate investing experience for CrowdStreet investors. This includes both self-directed investors as well as those who prefer some level of guidance. He plans to accomplish this by leveraging his experience at the global foreign exchange trading platform OANDA, where he was Managing Director of North America. 

New President of Marketplace Business Scott Mackley is set to head up capital markets, strategic partnerships, marketplace operations, investments, internal sales, and investor relations. He has more than 25 years of experience in the financial industry, previously doing stints at Citigroup, QuinStreet, and Salomon Brothers. Get the rest of the scoop at Yahoo Finance, here

Crowdfunding Platform Updates

In additional CrowdStreet-related news, the firm recently announced plans to expand opportunities for individual investors. They’re launching this new initiative in the face of ongoing market volatility and rising interest rates. While we’ve experienced somewhat of a pullback in terms of property prices in many parts of the country, the slowdown pales in comparison to other heavy-hit sectors like stocks and cryptocurrencies. 

Real estate seems incredibly stable in comparison and is playing its traditional role as a refuge of last resort for spooked investors. Learn more about CrowdStreet’s plans on Crowdfund Insider, here. 

Multimedia Links (Videos, Podcasts, etc.)

Finally, we’re going to examine the latest version of “The Real Estate Crowdfunding Podcast,” hosted by our very own Dr. Adam Gower. This week, Dr. Gower speaks with Ben Reinberg, CEO of Alliance Consolidated Group. Ben is one of the nation’s foremost experts on medical office buildings, among the highest-demand asset classes in the real estate syndication space. 

In the podcast, Ben discusses some of the fundamentals behind medical office buildings, as well as his personal story of building his company to soaring heights, with the firm currently possessing more than $350 million in portfolio value. Give it a listen for yourself, here

That’s all we’ve got this week, but we’ll be back next week with all of your favorite news stories, podcasts, platform updates, and more. See you then!

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