Over 460 deals funded.
$1.25 billion+ invested.
$144+ million in distributions.

Over 460 deals funded.
$1.25 billion+ invested.
$144+ million in distributions.

With 33 confirmed realized deals, here are the results to date.

Since 2014, CrowdStreet investors have successfully funded 460+ deals, 33 of which have realized (sold). As more deals work through their holding periods, these numbers will be updated to reflect the latest metrics, which are calculated to be net of fees. Last updated in June 2020.

23.1% IRR

This annualized return metric spreads cash flows and equity return over the course of the entire holding period.

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1.51x Equity Multiple

The total cash distributions received from an investment, divided by the total equity invested.

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2.2 Year Hold Period

The amount of time from the date of the purchase to the date of the sale.

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Understanding Returns by Risk Profile

In commercial real estate investing, there are four common risk profiles: core, core-plus, value-add, and opportunistic. Less risky investments may target lower returns but are generally considered a “safer bet.”In commercial real estate, this means the property is generating stable cash flow but likely won’t appreciate dramatically. Riskier opportunities target higher returns to justify the risk to investors. For commercial real estate, this might mean the property isn’t generating any cash flow but instead targets one big payday when the property sells or refinances.

Opportunistic Deals

We categorize opportunistic investments as those that target the highest returns, but also bear the most risk. These properties include ground-up development, have little to no cash flow, and often have the most complicated business plans.

To date, CrowdStreet investors have invested in 102 opportunistic deals and 7 have fully realized.

This chart represents the range of realized deals and the dollar-weighted average IRR of opportunistic deals on the Marketplace.

Realized Opportunistic Deals

Alpha Wave Residential Fund II

Targeted IRR 22.0% | Actual 91.9%
Targeted Hold Period 5.0 years | Actual 0.6 years
Targeted Equity Multiple 1.50x | Actual 1.49x
 

Burnside

Targeted IRR 22.0% | Actual 51.3%
Targeted Hold Period 4.0 years | Actual 1.3 years
Targeted Equity Multiple 1.93x | Actual 1.59x
 

Fountains of Fellsmere

Targeted IRR 11.2% | Actual -95.8%
Targeted Hold Period 5.0 years | Actual 3.6 years
Targeted Equity Multiple 1.60x | Actual 0.16x

Hoyt20

Targeted IRR 21.3% | Actual 21.7%
Targeted Hold Period 2.0 years | Actual 2.2 years
Targeted Equity Multiple 1.47x | Actual 1.55x
 

Sheldrake Lofts

Targeted IRR 22.0% | Actual 23.9%
Targeted Hold Period 3.0 years | Actual 2.4 years
Targeted Equity Multiple 1.81x | Actual 1.70x

Watt Hotel & Retail

Targeted IRR 20.7% | Actual 13.2%
Targeted Hold Period 5.0 years | Actual 2.3 years
Targeted Equity Multiple 2.28x | Actual 1.33x
 

West Girard Lofts

Targeted IRR 22.6% | Actual 6.4%
Targeted Hold Period 10.0 years | Actual 2.0 years
Targeted Equity Multiple 3.40x | Actual 1.14x

Value-Add Deals

We classify value-add investments as projects that aim to significantly increase cash flow and the value of the property over time by making dramatic improvements to the property.

As one of the most common risk profiles on the Marketplace, CrowdStreet investors have invested in 227 value-add deals to date. 23 have fully realized.

This chart represents the range of realized deals and the dollar-weighted average IRR of value-add deals on the Marketplace.

Realized Value-Add Deals

1924 Franklin

Targeted IRR 18.1% | Actual 18.9%
Targeted Hold Period 3.0 years | Actual 2.6 years
Targeted Equity Multiple 1.60x | Actual 1.59x
 

490 First Avenue

Targeted IRR 19.7% | Actual 18.5%
Targeted Hold Period 5.0 years | Actual 2.7 years
Targeted Equity Multiple 2.30x | Actual 1.54x
 

Bridgeport Apartments

Targeted IRR 14.1% | Actual 4.6%
Targeted Hold Period 10.0 years | Actual 2.9 years
Targeted Equity Multiple 2.90x | Actual 1.13x

Chase Suites Baton Rouge

Targeted IRR 16.5% | Actual -100.0%
Targeted Hold Period 10.0 years | Actual 2.2 years
Targeted Equity Multiple 3.17x | Actual 0.00x

Chase Suites Lincoln

Targeted IRR 20.2% | Actual -45.7%
Targeted Hold Period 10.0 years | Actual 1.8 years
Targeted Equity Multiple 3.76x | Actual 0.31x

Clear Point Gardens

Targeted IRR 16.7% | Actual 41.0%
Targeted Hold Period 5.0 years | Actual 1.2 years
Targeted Equity Multiple 1.95x | Actual 1.52x
 

Crossroads South

Targeted IRR 17.9% | Actual 2.1%
Targeted Hold Period 5.0 years | Actual 1.9 years
Targeted Equity Multiple 2.10x | Actual 1.04x
 

Diamond Loch Apartments

Targeted IRR 14.0% | Actual 25.9%
Targeted Hold Period 4.0 years | Actual 1.8 years
Targeted Equity Multiple 1.50x | Actual 1.48x
 

FC Alondra 37

Targeted IRR 18.8% | Actual 12.8%
Targeted Hold Period 2.0 years | Actual 2.1 years
Targeted Equity Multiple 1.41x | Actual 1.29x
 

Hellyer Oaks Technology Park

Targeted IRR 38.7% | Actual 28.8%
Targeted Hold Period 2.0 years | Actual 3.0 years
Targeted Equity Multiple 1.91x | Actual 1.78x

Ivy at Clear Creek

Targeted IRR 19.6% | Actual 18.8%
Targeted Hold Period 5.0 years | Actual 3.4 years
Targeted Equity Multiple 2.24x | Actual 1.70x
 

Medalist Diversified REIT

Targeted IRR 0.0% | Actual 1.7%
Targeted Hold Period 0.0 years | Actual 1.0 years
Targeted Equity Multiple 0.00x | Actual 1.01x

Modern on the Rail

Targeted IRR 19.3% | Actual 50.5%
Targeted Hold Period 5.0 years | Actual 1.4 years
Targeted Equity Multiple 2.26x | Actual 1.68x

Oakland Airport Plaza

Targeted IRR 29.6% | Actual 41.9%
Targeted Hold Period 2.0 years | Actual 1.9 years
Targeted Equity Multiple 1.66x | Actual 1.91x
 

Old Taylor Road Cottages

Targeted IRR 20.8% | Actual 10.3%
Targeted Hold Period 5.0 years | Actual 1.6 years
Targeted Equity Multiple 2.31x | Actual 1.17x
 

Quadrant Office Building

Targeted IRR 27.1% | Actual 29.1%
Targeted Hold Period 3.0 years | Actual 1.9 years
Targeted Equity Multiple 2.00x | Actual 1.58x

River’s Edge

Targeted IRR 28.1% | Actual 30.8%
Targeted Hold Period 7.0 years | Actual 3.2 years
Targeted Equity Multiple 3.84x | Actual 2.13x
 

Sonoma Villas and Pines

Targeted IRR 22.7% | Actual 36.6%
Targeted Hold Period 4.0 years | Actual 1.5 years
Targeted Equity Multiple 2.10x | Actual 1.56x

South Seattle Business Park

Targeted IRR 20.4% | Actual 42.8%
Targeted Hold Period 5.0 years | Actual 2.3 years
Targeted Equity Multiple 2.34x | Actual 2.28x
 

Timber Oaks Apartments

Targeted IRR 17.8% | Actual 18.3%
Targeted Hold Period 5.0 years | Actual 2.8 years
Targeted Equity Multiple 2.14x | Actual 1.58x
 

Torrey Pines Apartment Homes

Targeted IRR 14.0% | Actual 9.2%
Targeted Hold Period 10.0 years | Actual 2.7 years
Targeted Equity Multiple 3.00x | Actual 1.25x

Villas at LeBlanc Park

Targeted IRR 19.6% | Actual 16.4%
Targeted Hold Period 4.3 years | Actual 2.3 years
Targeted Equity Multiple 1.73x | Actual 1.40x
 

Westmount at Colonnade

Targeted IRR 18.3% | Actual 15.0%
Targeted Hold Period 5.0 years | Actual 3.2 years
Targeted Equity Multiple 2.09x | Actual 1.49x
 

Winsome West Multifamily

Targeted IRR 16.4% | Actual 22.8%
Targeted Hold Period 5.0 years | Actual 1.9 years
Targeted Equity Multiple 2.10x | Actual 1.48x

Core-Plus Deals

We categorize core-plus investments as high-quality properties that are mostly occupied but have set aside some of the monthly income for future maintenance and upgrades, meaning there is less stable cash flow for investors.

Since 2014, CrowdStreet investors have invested in 70 core-plus deals and 3 have fully realized.

This chart represents the range of realized deals and the dollar-weighted average IRR of core-plus deals on the Marketplace.

Realized Core-Plus Deals

Fairfield Inn & Suites

Targeted IRR 10.0% | Actual 7.5%
Targeted Hold Period 2.2 years | Actual 1.4 years
Targeted Equity Multiple 1.22x | Actual 1.10x

Mainstreet Bloomington

Targeted IRR 14.0% | Actual 12.1%
Targeted Hold Period 2.0 years | Actual 1.2 years
Targeted Equity Multiple 1.30x | Actual 1.14x
 

Patriot’s Pointe

Targeted IRR 16.3% | Actual 15.9%
Targeted Hold Period 5.0 years | Actual 1.6 years
Targeted Equity Multiple 1.98x | Actual 1.26x
 

Core Deals

We classify core investments as those with stable, predictable cash flow. They are usually fully-occupied, need no major improvements, and are in major markets. These are considered the least risky investment type.

CrowdStreet investors have had the opportunity to invest in 5 core deals and 0 have fully realized.

This chart represents the range of realized deals and the dollar-weighted average IRR of core deals on the Marketplace.

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Contact us at [email protected] if you have any questions.

CrowdStreet, Inc. (“CrowdStreet”) maintains a commercial real estate investor technology platform through which companies that develop and own commercial real estate can offer investment opportunities to qualified investors (the “Marketplace”). Direct and indirect purchase of real property involves significant risk. Investors must be able to afford to lose their entire investment. Additionally, investment opportunities posted on the Marketplace are “private placements” of securities that are not publicly traded, are subject to holding period requirements, and are intended for investors who do not need a liquid investment. Real estate should only be part of your overall investment portfolio. Neither the SEC nor any state securities commission or regulatory authority has approved, passed upon or endorsed the merits of any offering on the Marketplace. CrowdStreet is not a registered broker-dealer or investment adviser. CrowdStreet does not endorse any of the investments on the Marketplace or provide investment recommendations or advice.