CrowdStreet's Shawna Wright-Smith and Tore Steen connected with Benzinga to talk about their website and how CrowdStreet is looking to democratize commercial real estate endeavors with the help of crowdfunding.
Founded in 2012, Founders Steen and Darren Powderly took advantage of regulatory maturation.
Title II of the Jobs Act signed by President Barack Obama improved access to commercial real estate opportunities, allowing investors, through platforms like CrowdStreet, to crowdfund commercial real estate projects, removing the need for private offerings.
Through the online marketplace, investors, on their own, or under the guidance of the included advisory service, diversify their portfolios with allocations in funds or individual deals.
In accordance with Regulation D of the Securities Act, CrowdStreet facilitates non-advisory investment into commercial real estate by accredited investors that meet the necessary capital requirements and risk tolerances.
Non-accredited investors may also invest, under Regulation A+, in occasional investment opportunities.
The company's primary components are the posting platform, transaction center, investor room and management portal.
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