Updates to Realized Offerings On CrowdStreet

Our streak of above pro forma marketplace exits continues! We are pleased to announce our ninth realized offering on the marketplace with the closing of

Our streak of above pro forma marketplace exits continues! We are pleased to announce our ninth realized offering on the marketplace with the closing of Urban Green’s Burnside project earlier this summer. Investors earned a 66.5% IRR and a 1.7x equity multiple with a holding period of just over one year on this offering (vs. a 22.0% IRR and 1.93x equity multiple on a targeted 4-year hold).

With this closing, our average annualized realized return across all nine realized offerings is now a 36.3% XIRR (we must use an XIRR calculation given the varied holding periods) and a 1.6x equity multiple on a 1.9-year holding period. Here’s how this compares to the average of our original pro forma returns:

  XIRR / IRR Equity Multiple Hold Period
Actual 36.3% 1.6x 1.9 years
Pro Forma 18.9% 1.7x 4.1 years

 

Our early returns continue to fall well above pro forma (e.g. sponsors achieving business plans and reaching stabilized values ahead of schedule), and we acknowledge that this pattern may become unsustainable at some point; nonetheless, we are exceedingly pleased with our marketplace realized returns thus far. Please view our Marketplace Performance page to see details on all realized marketplace offerings.

 

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This article was written by an employee of CrowdStreet, Inc. (“CrowdStreet”) and has been prepared solely for informational purposes. The information contained herein or presented herewith is not a recommendation of, or solicitation for, the subscription, purchase or sale of any security or offering, including but not limited to any offering which may invest in the geographic area(s) or asset type(s) mentioned herein, whether or not such offering is posted on the CrowdStreet Marketplace. Though CrowdStreet believes the information contained and compiled herein has been obtained from sources believed to be reliable, CrowdStreet makes no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the subject thereof. All projections, forecasts, and estimates of returns or future performance, and other “forward-looking” information not purely historical in nature are based on assumptions, which are unlikely to be consistent with, and may differ materially from, actual events or conditions. Such forward-looking information only illustrates hypothetical results under certain assumptions.

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