PORTLAND, OR–(Marketwired – Feb 12, 2015) – CrowdStreet, a real estate marketplace solution leader that connects accredited investors with institutional-quality real estate investments, and FNEX, a leading online alternative investment marketplace, today announced entry into a strategic partnership. FNEX and its registered broker-dealer, Applied Capital, will be a distribution partner for CrowdStreet clients and their offerings, and will conduct diligence services for deals CrowdStreet posts on the FNEX platform.
CrowdStreet’s clients, commercial real estate operators and developers, can now benefit from the partnership by gaining access to an additional pool of accredited investors, institutional investors and family offices for accelerated capital formation.
“We are committed to providing our investor members the highest quality commercial real estate deals with total transparency,” said Tore Steen, CEO of CrowdStreet. “Partnering with FNEX and Applied Capital is an important step forward for CrowdStreet that allows us to engage Applied Capital’s broker-dealer services and provides us the benefits of distribution through the FNEX platform. FNEX is a fantastic marketplace for the broad universe of alternative investments and we are excited to contribute to their commercial real estate offerings.”
CrowdStreet will provide FNEX with institutional-quality commercial real estate investment opportunities that meet stringent posting criteria. CrowdStreet opportunities are only offered by highly experienced sponsors that can demonstrate a history of success. Sponsors have included Mainstreet, Olympus Property, Windmill Investments and EverWest Real Estate Partners.
“We are excited to partner with CrowdStreet on their expanding pipeline of deal flow,” said Todd Ryden, CEO of FNEX. “CrowdStreet’s vigilant adherence to institutional-quality commercial real estate managed by best-in-class In commercial real estate, the sponsor is an individual or company in charge of finding, acquiring and managing the real estate property on behalf of the partnership. The sponsor is usually expected to invest anywhere from 5-20% of the total required equity capital. They are then responsible for raising the remaining funds and acquiring and managing the investment property’s day-to-day... More is in direct alignment with our vision for the FNEX marketplace.”
CrowdStreet provides real estate operators, funds and private equity companies a full-service marketplace solution for presenting investments online, marketing opportunities publicly, managing the offer process and maintaining ongoing investor relationships. The CrowdStreet solution is enriched by services and business partnerships that empower real estate sponsors to modernize their fundraising processes and embrace online capital formation. Accredited investors, institutional investors and family offices access an intuitively-designed platform to find institutional-quality real estate investments, complete an online offer workflow, track investment performance and build a commercial real estate portfolio. Based in Portland, Oregon, CrowdStreet was founded in 2013 by a team with deep experience in commercial real estate, securities and finance, marketing, consumer Internet and software development. For more information, visit crowdstreet.com.
FNEX is “The Private Securities Marketplace” connecting accredited and institutional investors to investment opportunities in private companies, hedge funds and managed futures accounts. FNEX’s mission is to help investors source investment opportunities and help offering groups connect with investors. FNEX was founded in 2012 by professional investors, entrepreneurs and attorneys. For more information, please go to www.FNEX.com.