#crowdstreet

Forget Kickstarter. CrowdStreet is using crowdfunding to let investors buy into commercial real estate, a notoriously closed, clubby and antiquated business. I talk with CrowdStreet CEO Tore Steen about the business for my latest #BloomInTech #podcast here:

Individual Investors Can Now One-Click Invest in Commercial Real Estate with CrowdStreet’s “Blended Portfolio” Offering

  PORTLAND, ORE./ OCTOBER 17, 2018 (STL.News)

CrowdStreet, which operates the largest and most diversified online marketplace for direct equity investment in U.S. commercial real estate, is now raising $25 million for the company’s first CrowdStreet Blended Portfolio investment offering. To provide individual investors and registered investment advisors another way to diversify their investments…

Manhattan's MG Capital partners with CrowdStreet to gain new investors via crowdfunding

MG Capital is partnering with CrowdStreet to open up its luxury residential properties to crowdfunding in a push for increased liquidity and a grab for market share in Manhattan.

“At CrowdStreet, we exclusively work with leading sponsors on commercial real estate offerings that meet our strict marketplace requirements to provide our investors with institutional-quality options,” CrowdStreet Vice…

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99,000 Investors and $5.8B in Commercial Properties Now on CrowdStreet, Which Is Emerging as Powerhouse in Online Real Estate Investing

PORTLAND, Ore./ April 17, 2018 (STLRealEstate.News) — With a steady focus and at an accelerated pace, CrowdStreet is moving the fundraising component of the $15-trillion commercial and multifamily real estate business online, helping real estate developers and operators raise capital and acquire new investors online, and helping high-net-worth investors build wealth through online real estate investing.

With more than 99,000 investors now on its platform, CrowdStreet is one of the largest platforms for online real estate investing. CrowdStreet operates a marketplace for direct equity investment in institutional-quality commercial real estate (CRE), and provides project sponsors with investment management software to automate and enhance investor relations and manage portfolios, including offerings, online.

Key Metrics as of March 31, 2018

*99,000+ investors on CrowdStreet platform (up 135% over 12 months ended March 31) *$5.8B managed on CrowdStreet platform (up 88% last 12 months) *1,850+ sponsor investments managed on CrowdStreet platform (up 135% last 12 months) *195+ sponsors on CrowdStreet platform (up 96% last 12 months)

Other recent milestones:

*250MM+ capital raised in CrowdStreet marketplace (since inception) *200th offering in CrowdStreet marketplace *New sponsors including Hines (investment software) and KBS (investment software and marketplace offering) became customers of CrowdStreet *First high-rise office building offering in a CBD *Largest single capital raise for one offering ($12MM)

“2017 was a transformative year for CrowdStreet,” said Tore Steen, CrowdStreet CEO. “In the past year we’ve seen a major velocity in our business. We are gaining momentum and bringing larger offerings from more super-regional and national players to market. Sponsors increasingly recognize that moving their fundraising online streamlines operations and brings them more investors, and high-net-worth investors increasingly recognize that they can build wealth by investing in real estate online through CrowdStreet.”

“With premium products for sponsors and investors, CrowdStreet is well on its way to becoming the industry standard fundraising and investment management platform for sponsors, and the go-to marketplace for institutional quality investment opportunities for high-net-worth investors intent on building wealth by investing in real estate.”

New Branding Unveiled Today

Today CrowdStreet unveiled a new logo, website design and tagline that better reflect the company’s values and differentiation. The new marketing tagline is “Build Wealth,” which speaks to why investors and sponsors alike invest in real estate and use the CrowdStreet platform and services.

Also today, the company branded its offerings for sponsors, including investment software and marketplace solutions, under a new sub-brand, CrowdStreet Connect, which provides sponsors with the ability to strengthen relationships with existing investors as well as connect with new investors through CrowdStreet.

Product Enhancements for Sponsors and Investors

CrowdStreet is committed to continuing to improve the customer experience through ongoing product enhancements. In the past five months CrowdStreet has implemented several product updates to support the brand launch to ensure sponsors and marketplace investors have a premium experience:

*Sponsors have new tools to manage the flow of capital through the lifecycle of a real estate investment. *Sponsors can manage access of sensitive information for high-net-worth investors throughout their organization in a secure environment. *Marketplace investors can visualize their CRE portfolios dynamically with easy-to-follow graphs and charts. *Marketplace investors can download and share portfolio information with their tax and investment advisors. *Marketplace investors can identify investment opportunities in the marketplace using newly advanced filtering to more easily find the investment opportunities that meet their portfolio needs.

Additional product enhancements are planned for 2018 to continue to support CrowdStreet’s premium brand and position in the market.

About CrowdStreet CrowdStreet is the premium provider of online commercial real estate investment marketplace, technology and professional services. Investors can directly access institutional-quality commercial real estate offerings with CrowdStreet’s online investing platform. For CRE developers and operators, CrowdStreet Connect provides a platform to manage investors and investments, and to raise capital to grow their business. CrowdStreet maximizes opportunities for investors by diversifying outside of the traditional avenues of the stock market, better distributing risk and fundamentally transforming real estate investing through technology. Together, we are creating a community where individual investors and CRE firms are working together to maximize wealth through commercial real estate. The CrowdStreet senior leadership team has 120+ years of combined experience in real estate, technology, online marketing and private equity. For more information, please visit CrowdStreet.com. Media contacts for more information:Cary Brazeman and Victoria Ozols(310) 205-3590 [email protected] ____

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Tech Moves: Spin bike-share service hires Seattle transportation official; F5 CMO stepping down; and more

Kyle Rowe. (Spin Picture)

Kyle Rowe may be very into bikes. He spent the previous 4 years within the Seattle Division of Transportation engaged on numerous biking initiatives, together with the pilot program that introduced hundreds of dockless bike shares to Seattle.

Now Rowe has joined one of many firms collaborating in that bike share pilot: Spin, a San Francisco-based startup with ambitions to unfold bike sharing all through the US. Rowe will function a liaison between Spin and the governments of cities the place the corporate needs to increase its program.

“Kyle is a real visionary within the discipline of city innovation and wrote the playbook on methods native governments and personal firms can work productively and collaboratively collectively for the better good,” Spin CEO Derrick Ko stated in a press launch.

“His pioneering strategy to stationless bikeshare allowing in Seattle has impressed a whole lot of cities nationwide to observe swimsuit for the advantages of residents. I’m excited to work with him at Spin,” he stated.

The corporate stated it already has bikes in six U.S. cities and is in talks to carry its service to greater than 100 others.

— Networking and infastructure large F5 Networks is shedding one other prime government. The corporate’s CMO, Ben Gibson, will retire from his position efficient Dec. 1, in keeping with a submitting with the Securities and Change Fee.

Gibson had been with the corporate for simply over a yr and previously held prime advertising and marketing positions at firms together with networking large Cisco and Hewlett-Packard subsidiary Aruba. The SEC submitting didn’t give a purpose for his departure.

“Ben Gibson has resigned from F5 to pursue one other alternative,” the corporate advised GeekWire in an emailed assertion. “We thank Ben for his contributions to F5’s success and need him the very best of luck in his new endeavors. We will probably be conducting a seek for his alternative and can make an announcement when now we have further information.”

Gibson’s departure follows a turbulent few years for the corporate, together with a number of management adjustments that resulted in new CEO Francois Locoh-Donou taking on the corporate in January.

Since then, a number of different executives have left, most lately the announcement that the corporate’s longtime COO Edward Eames will retire on the finish of the yr. The corporate additionally laid off a spherical of staff in September following two quarters of disappointing earnings. F5 can also be set to maneuver from its longtime residence on Seattle’s waterfront right into a model new skyscraper downtown.

— Longtime Zillow government Rebekah Bastian has taken on a brand new position: She is going to now function the corporate’s VP of neighborhood and tradition. The change was introduced by Zillow CEO Spencer Rascoff in a LinkedIn submit.

“Zillow Group’s dedication to creating an inclusive and various setting for our staff begins with our management and I’m proud that this position will probably be devoted to making sure that we proceed to rent nice individuals and construct merchandise which have a optimistic influence on our communities,” Rascoff wrote.

Bastian has held senior positions at Zillow for over a decade. She most lately served as the corporate’s VP of product.

— GCI, an Alaska-based communications supplier increasing to the Pacific Northwest, introduced the addition of Gareth Wade as the corporate’s nationwide director of enterprise growth. Wade will probably be primarily based out of GCI’s Seattle workplace.

Wade most lately labored as a senior gross sales skilled at video conferencing service Polycom. He previously served because the chief gross sales officer of e-commerce content material creator content material26.

“Gareth’s expertise main world gross sales groups will form our technique as we increase GCI’s world presence,” Justin Burgess, CGI’s vp of latest markets, stated in a press launch. “Gareth understands the significance of driving sustainable income development whereas boosting revenue and buyer retention, guaranteeing firms put money into ways in which make their enterprise extra environment friendly.”

— Bellevue, Wash.-based Blueprint Consulting Companies introduced the promotion of Danielle Funston to vp of options supply. Funston first joined the corporate in 2013 and was its first worker.

Throughout her time on the firm, she has helped construct out key departments and most lately served as its VP of operations. In her new position, Funston will probably be liable for consumer supply success. Blueprint has been acknowledged as one of many quickest rising firms in Washington and made Inc.’s annual record of the highest rising firms in th nation.

— Portland-based monetary expertise firm CrowdStreet introduced the addition of a number of new leaders: Molly Moore joins the corporate as its chief advertising and marketing officer and Rohit Colaço is the corporate’s new vp of engineering.

The corporate additionally introduced the formation of a brand new advisory board, together with: REAL Dynamics managing associate Thomas Byrne; Heritage Capital Ventures Founder and CEO Lewis Feldman; Head of investments and technique at McCourt world Christopher Keber; and GitPrime President and COO John Witchel.

“I’m becoming a member of CrowdStreet’s government crew at a real trade inflection level, once we can notice the potential of on-line investing,” Moore stated in a press launch. “As a crew, we’ll work to disrupt a fast-growing trade by constructing and launching progressive methods to serve the trade and delight our clients.”