InvestmentsReal Estate

Manhattan’s MG Capital partners with CrowdStreet to gain new investors via crowdfunding

MG Capital is opening up its portfolio to crowdfunding through this new partnership

MG Capital is partnering with CrowdStreet to open up its luxury residential properties to crowdfunding in a push for increased liquidity and a grab for market share in Manhattan.

"At CrowdStreet, we exclusively work with leading sponsors on commercial real estate offerings that meet our strict marketplace requirements to provide our investors with institutional-quality options," CrowdStreet Vice President of Investments Ian Formigle said in a statement.

"As a tenured sponsor with over $1 billion in transactions, we are pleased to partner with MG Capital on their first CrowdStreet marketplace offering," he added.

MG Capital is a Manhattan-based residential real estate manager. According to its release, MG Capital is the largest owner-manager of debt-free luxury residential properties in Manhattan, and the company has plans to expand drastically in the next five years, deploying $5 billion to rope 2,200 properties into its portfolio.

"Crowdfunding is a growing segment of real estate investing and we are thrilled to be affiliated with such an expansive platform as CrowdStreet," MG Capital Founder and CEO Eric Malley said in a statement.

"Through our partnership, we will be able to offer our institutional-quality investment products to a wide range of individual retail investors looking to diversify their personal portfolios with real estate investments," he added.

Malley isn’t wrong. There is a quickly growing contingent of Americans who want to invest in commercial real estate.

Up until recently, the CRE investment game has been mostly reserved for institutional capital and private equity investors, but within the last year or so, companies like CrowdStreet have been ramping up their efforts to facilitate investment for commercial properties from average people. And now, those people will be able to invest in luxury real estate in New York.

Most Popular Articles

NAR bans “pocket listings”

The National Association of Realtors board of directors voted 729-70 on Monday to ban the controversial practice of “pocket listings.”

Nov 12, 2019 By

Latest Articles

Uh-oh: Borrowers’ satisfaction with their lender is falling as originations rise

By all accounts, 2019 is going to end up being the best year for the mortgage business in at least three years, but is there appears to be a serious fly in the mortgage business’ ointment. A new survey shows that borrowers’ satisfaction with their lender dropped significantly in the second quarter as lenders struggled to deal with the surge in mortgage demand caused by falling interest rates.

Nov 14, 2019 By