A US online marketplace for real estate investing has announced it has surpassed over $300 million invested into residential and commercial real estate projects through its growing network of individual and institutional investors.
RealtyShares allows individual investors to purchase shares in private real estate investments for as little as $5,000 while offering real estate companies and borrowers efficient access to capital. They’ve ramped up their efforts over the last year, by expanding their base to also encompass large, multi-billion dollar institutions, and further strengthening its funding capabilities.
Through a disciplined growth strategy and tech-enabled underwriting, RealtyShares has facilitated 550 real estate deals across more than 1,000 properties in 35 states — with over half of those projects originated in 2016. And since inception, has returned over $59.7 million in principal to investors. Last year alone, nearly $237 million was originated for real estate projects through RealtyShares and investors received over $40 million in principal returned. Year-over-year, RealtyShares saw a 77 percent growth in average deal size compared to 2015.
The company’s founder and CEO Nav Athwal said:
“RealtyShares has created access to a new asset class for investors. Our model simplifies how investors and real estate companies interact and transact, and we continue to see demand on both sides.
“Over the last ten years, upstarts like Zillow and Trulia have democratized real estate data. Now, we’ve built a platform to open up a way to connect real estate investors and those seeking capital; maximizing unique data that has been historically difficult to gather with the ultimate vision to build the Nasdaq for real estate.”