CrowdStreet announced on Wednesday the launch of its new Private Managed Accounts (PMA) offered through its new entity CrowdStreet Advisors. According to CrowdStreet, the new offering serves high net worth individuals, providing individualized CRE portfolios, and a concierge-level premium service that will develop a personalized investment plan after reviewing their existing holdings, then complete all of the paperwork, track multiple positions, and consider future marketplace offerings for investment suitability.
While sharing more details about the PMAs, Tore Steen, CEO of CrowdStreet, stated:
“Typical public markets offerings like stocks and bonds are no longer enough to gain financial security in today’s economy. Since the JOBS Act of 2012, people have been able to invest directly in private markets, including CRE, using online platforms offering unprecedented access to deals — but too many people have neither the time nor the expertise to take advantage. By broadening our product range with Private Managed Accounts, we are now able to provide access to private CRE investing to even more investors, while simultaneously making investing in CRE even easier.”
CrowdStreet went on to reveal that as its investor base and pool of managed capital grows, so too does their ability to rapidly fund sponsors’ offerings. The new addition of PMA to suite of solutions allows CrowdStreet to provide an increased degree of certainty of capital to sponsors considering posting on the CrowdStreet marketplace. Steen then added:
“Our focus has been to democratize private commercial real estate investing with solutions that have never been readily available to individual investors in the past. With the launch of Private Managed Accounts, we can now serve practically any accredited investor with the investment approach they prefer. We are excited to deliver this fully-managed premium level of service to investors who are seeking exposure to the commercial real estate space but don’t have the time or expertise to build a portfolio themselves.”