Denholtz Associates
CrowdStreet’s investment software enabled a 7x reduction in our closing timelines.
Steve Cassidy, President
Denholtz Associates
CrowdStreet’s investment software enabled a 7x reduction in our closing timelines.
Steve Cassidy, President
Denholtz utilized a homegrown technology solution for investor relationship based on their existing Yardi Systems property management system. However, they soon found Yardi lacked recording options for investor-specific data including investor preferences, broker referrals, transfers, and historical distributions, and frequently struggled to meet Denholtz’ reporting needs. To solve for this, they started developing their own system using an Access database.
CrowdStreet’s software enabled a 7x reduction in our closing timelines.
Steve Cassidy, President
Denholz needed one platform to accelerate their fundraising process and improve ongoing investor reporting and document management. They also needed a solution to easily integrate with their existing systems and market to their pool of investors.
Using investment software’s integrated import tool, Denholtz was able to immediately import 450 investors across 30 active projects. Each investor was automatically sent an email notifying them of the new platform and inviting them to login. At login, each investor was greeted with a custom “My Investments” page; listing each of their existing Denholtz property investments along with project updates, performance metrics and charting, and downloadable documents including K-1s.
CrowdStreet has increased the efficiency of our IRM team by more than 30%.
Steve Cassidy, President
CrowdStreet has significantly streamlined the Denholtz investment process. The process from solicitation to funding used to take two months to complete; with CrowdStreet’s investment software, it can now be completed in as little as 24 hours. The impact on the IRM team’s workload has been similarly significant. Transaction processing that used to occupy 40% of the IRM team’s workload, now requires less than 20%. Denholtz’ IR manager reported “CrowdStreet has increased the transaction efficiency of our IRM team by more than 30%. We now have more time to focus on high-value efforts like investor outreach and support.”
It used to take weeks to get final docs and payments. The same process now takes 2 days.
Steve Cassidy, President
In addition to improvements in the speed and efficiency of capital raising, Denholtz found CrowdStreet’s investment software a powerful tool for streamlining the rollover of existing investors into new investments.
It was this ability to seamlessly connect existing investors with new investment opportunities that was a game-changer for the company. Denholtz has previously looked at a number of standalone IRM solutions, while these solutions provided good post-funding management options, no other solution offered CrowdStreet’s unique ability to manage investors through every stage of the investment process, from solicitation, offer acceptance and transaction management, to ongoing reporting & communications, ultimate sale of the property and finally re-investment.
Denholtz Associates operates a diverse portfolio of office and industrial properties encompassing 30 properties across five states, more than 700 tenants, and almost 5 million square feet total. Since its inception in 1954, Denholtz Associates has grown into a highly experienced developer and a prolific real estate syndicator, maintaining an active high-net-worth investor network of over 500 investors.
Stay connected with CrowdStreet, new offerings, events, news and more. Please fill-in the following form.
This graph shows possible returns based on index data from three sources - future returns will be different. CrowdStreet does not guarantee returns. "Bonds" returns are based on historical annual returns of the Bloomberg Barclays US Aggregate Bond, "S&P 500" returns are based on historical annual returns of the Standard & Poor's 500. "CRE Index" returns are based on historical annual returns of the "NCREIF Property Index."
Click here for a spreadsheet of the chart data.
Prudent investment strategies almost always involve a component of diversification. Failure to diversify an investment portfolio properly across a range of asset classes generally results in an increased risk of the loss of capital. Typical investment portfolios for individual investors contain only a small allocation to commercial real estate (“CRE”) holdings as an asset class, as well as a limited inclusion of private placements and/or illiquid securities. The opportunities offered on the CrowdStreet Marketplace are generally both CRE and illiquid private placements, and as such are often double restricted in prudent asset allocations. Further, the opportunities on the Marketplace typically represent a specific subset of CRE opportunities available to investors when compared to the real estate asset class as a whole. Therefore, no investor should rely on CrowdStreet Advisors Private Managed Accounts as the sole, or even majority, of their overall investment portfolio. Rather, investors should rely on CrowdStreet Advisors Private Managed Accounts as a component of a broadly diversified portfolio that includes other asset classes and liquid securities not currently available through CrowdStreet Advisors.