EquityMultiple
 | |
| ISIN | 🆔 |
|---|---|
| Founded 📆 | |
| Founder 👔 | |
| Headquarters 🏙️ | , Manhattan, New York City, New York , U.S. |
Area served 🗺️ | |
| Members | |
Number of employees | |
| 🌐 Website | equitymultiple |
| 📇 Address | |
| 📞 telephone | |
EquityMultiple is an online real estate investing and finance platform that connects accredited individuals and entities with commercial real estate investments. As of October 2020, EquityMultiple’s investor network had invested in 122 real estate projects across the United States, accounting for over $2.9 billion in total capitalization, and the firm had returned over $30 million in distributions to investors.[1] EquityMultiple is headquartered in Manhattan, New York City.
History
EquityMultiple was founded in early 2015 by Charles Clinton—a former real estate lawyer[2]—and Marius Sjulsen—a former real estate private equity executive. EquityMultiple offered its first investment in September 2015: a $7 million mixed-use redevelopment in the Bushwick neighborhood of Brooklyn, New York.[3] EquityMultiple raised $3 million in Series A funding in 2018, led by Kenneth Pasternak—a financial executive, investor, and entrepreneur.[4]
Products and services
EquityMultiple operates in the real estate crowdfunding space, structuring investments per Regulation D exemption 506(b) of the Securities Act of 1933. The platform offers senior debt, preferred equity, and common equity investments, while allowing real estate firms to raise bridge financing and equity from the platform’s investor network. EquityMultiple leans towards investments in the multifamily, hotel, industrial, office, manufactured housing, and self-storage sectors.[5]
In October 2018, the company announced that it would partner with Youngwoo & Associates—a Manhattan-based developer—to offer Opportunity Zone investments per the Investing in Opportunity Act.[6]
References
- ↑ "Real Estate Investment Platform EquityMultiple Hires New CFO". Crowdfund Insider. 15 November 2018. Retrieved 31 January 2019.
- ↑ Clinton, Charles (26 July 2016). "5 Reasons a Coworking Space Makes Sense for Startups". Entrepreneur.com. Retrieved 31 January 2019.
- ↑ "EquityMultiple Partners with Mission Capital in Launch of Real Estate Crowdfunding Platform". Crowdfund Insider. 19 September 2015. Retrieved 31 January 2019.
- ↑ "EQUITYMULTIPLE Experiences Dynamic Growth In 2018, Raises $3M in Venture Round". Prnewswire.com. Retrieved 31 January 2019.
- ↑ "Make Sure There's Someone Answering the Phone—How HNW Investors Should Screen Online CRE Investment Platforms". National Real Estate Investor. October 3, 2018.
- ↑ "Youngwoo, EquityMultiple plan to launch $500M national opportunity zone fund". The Real Deal New York. 11 September 2018. Retrieved 31 January 2019.
This article "EquityMultiple" is from Wikipedia. The list of its authors can be seen in its historical and/or the page Edithistory:EquityMultiple. Articles copied from Draft Namespace on Wikipedia could be seen on the Draft Namespace of Wikipedia and not main one.
