NEW YORK, April 11, 2022 (GLOBE NEWSWIRE) — Accrete, an alternative investment platform engineered to unlock private investment opportunities for the many, will include real estate investment opportunities starting today. Initial investment opportunities will focus on commercial properties. The first opportunity will enable individuals to participate in the purchase of industrial property and last-mile distribution facilities in the UK. The real estate portfolio will grow to include a diversified portfolio of multifamily, industrial, office, and hotel properties across high-potential markets globally.
Accrete works with experienced, tenured sponsors to underwrite direct investment opportunities and with funds to unlock access across several alternative asset classes. Accrete launched with private equity, growth, and credit assets across its direct and feeder fund platform, and now also includes real estate as an asset class. Accrete and its affiliated entities currently have over $800M in assets under management. By working with sponsors and combining the investment power of its users, the platform provides these opportunities with starting minimum investments at as low as $5,000.
“We are excited to unlock our first real estate investment opportunity for our members and are thrilled to work with Urbium Capital Partners to bring this opportunity to market,” says Accrete Co-Founder and CEO Ali Shekofti.
“Urbium was established to create an exciting firm and franchise across European real estate. We are very excited about our partnership with Accrete and aligned with Accrete’s mission to address the inequities in private capital markets and create a more inclusive ecosystem for wealth creation in real estate through our partnership,” says Suliman AlAujan, Managing Partner at Urbium Capital Partners.
Investing in real estate is one approach that investors can take to hedge against inflation, since, historically, property values over time appreciate in tandem with the rate of inflation. Within commercial real estate, the warehouse and industrial spaces sector is in particularly high demand. Although long overlooked, this asset type has made a startling comeback because of the rise of e-commerce, especially after the outbreak of Covid. According to the Wall Street Journal, “industrial real-estate activity, such as lease renewals and new leases, jumped 43% from April 15 to May 14 from the previous 30-day period.”
Each investment opportunity on Accrete is enabled by a sponsor with a proven track record in the specific asset class, and Urbium Capital backs Accrete’s first real estate opportunity. Urbium Capital was established in 2021 to empower and enliven the urban environment. Urbium Capital’s team of professionals is focused on building an impact-driven real estate investment firm. With an unmatched network and track record, the group has the luxury to be selective in its transactions, bringing forth exclusive investment opportunities for stakeholders.
In partnership with Accrete, Urbium is here to preserve and grow investors’ wealth while working to protect and grow our future.
About Accrete
Accrete is an investment platform providing access to private equity and alternative investment opportunities. Accrete is leveling the playing field for accredited investors, providing opportunities to invest across a handpicked portfolio by breaking down the barriers to entry and lowering investment minimums. Its tech-enabled private equity platform unlocks a $10 trillion pool of capital underinvested in the best-performing asset class which is typically restricted to ultra-high net worth institutional investors. Accrete partners with best-in-class independent sponsors and fund managers with a proven track record and deep sector expertise to originate and diligence PE investment opportunities.
“By unbundling the private capital markets and lowering buy-in minimums, we’ve built a bridge between investors and investment opportunities so everyone can take their deserved share of the future,” says Co-Founder and CEO Ali Shekofti.
TORONTO – Canada’s main stock index was down more than 200 points in late-morning trading, weighed down by losses in the technology, base metal and energy sectors, while U.S. stock markets also fell.
The S&P/TSX composite index was down 239.24 points at 22,749.04.
In New York, the Dow Jones industrial average was down 312.36 points at 40,443.39. The S&P 500 index was down 80.94 points at 5,422.47, while the Nasdaq composite was down 380.17 points at 16,747.49.
The Canadian dollar traded for 73.80 cents US compared with 74.00 cents US on Thursday.
The October crude oil contract was down US$1.07 at US$68.08 per barrel and the October natural gas contract was up less than a penny at US$2.26 per mmBTU.
The December gold contract was down US$2.10 at US$2,541.00 an ounce and the December copper contract was down four cents at US$4.10 a pound.
This report by The Canadian Press was first published Sept. 6, 2024.
TORONTO – Canada’s main stock index was up more than 150 points in late-morning trading, helped by strength in technology, financial and energy stocks, while U.S. stock markets also pushed higher.
The S&P/TSX composite index was up 171.41 points at 23,298.39.
In New York, the Dow Jones industrial average was up 278.37 points at 41,369.79. The S&P 500 index was up 38.17 points at 5,630.35, while the Nasdaq composite was up 177.15 points at 17,733.18.
The Canadian dollar traded for 74.19 cents US compared with 74.23 cents US on Wednesday.
The October crude oil contract was up US$1.75 at US$76.27 per barrel and the October natural gas contract was up less than a penny at US$2.10 per mmBTU.
The December gold contract was up US$18.70 at US$2,556.50 an ounce and the December copper contract was down less than a penny at US$4.22 a pound.
This report by The Canadian Press was first published Aug. 29, 2024.
The crypto market has recently experienced a significant downturn, mirroring broader risk asset sell-offs. Over the past week, Bitcoin’s price dropped by 24%, reaching $53,000, while Ethereum plummeted nearly a third to $2,340. Major altcoins also suffered, with Cardano down 27.7%, Solana 36.2%, Dogecoin 34.6%, XRP 23.1%, Shiba Inu 30.1%, and BNB 25.7%.
The severe downturn in the crypto market appears to be part of a broader flight to safety, triggered by disappointing economic data. A worse-than-expected unemployment report on Friday marked the beginning of a technical recession, as defined by the Sahm Rule. This rule identifies a recession when the three-month average unemployment rate rises by at least half a percentage point from its lowest point in the past year.
Friday’s figures met this threshold, signaling an abrupt economic downshift. Consequently, investors sought safer assets, leading to declines in major stock indices: the S&P 500 dropped 2%, the Nasdaq 2.5%, and the Dow 1.5%. This trend continued into Monday with further sell-offs overseas.
The crypto market’s rapid decline raises questions about its role as either a speculative asset or a hedge against inflation and recession. Despite hopes that crypto could act as a risk hedge, the recent crash suggests it remains a speculative investment.
Since the downturn, the crypto market has seen its largest three-day sell-off in nearly a year, losing over $500 billion in market value. According to CoinGlass data, this bloodbath wiped out more than $1 billion in leveraged positions within the last 24 hours, including $365 million in Bitcoin and $348 million in Ether.
Khushboo Khullar of Lightning Ventures, speaking to Bloomberg, argued that the crypto sell-off is part of a broader liquidity panic as traders rush to cover margin calls. Khullar views this as a temporary sell-off, presenting a potential buying opportunity.
Josh Gilbert, an eToro market analyst, supports Khullar’s perspective, suggesting that the expected Federal Reserve rate cuts could benefit crypto assets. “Crypto assets have sold off, but many investors will see an opportunity. We see Federal Reserve rate cuts, which are now likely to come sharper than expected, as hugely positive for crypto assets,” Gilbert told Coindesk.
Despite the recent volatility, crypto continues to make strides toward mainstream acceptance. Notably, Morgan Stanley will allow its advisors to offer Bitcoin ETFs starting Wednesday. This follows more than half a year after the introduction of the first Bitcoin ETF. The investment bank will enable over 15,000 of its financial advisors to sell BlackRock’s IBIT and Fidelity’s FBTC. This move is seen as a significant step toward the “mainstreamization” of crypto, given the lengthy regulatory and company processes in major investment banks.
The recent crypto market downturn highlights its volatility and the broader economic concerns affecting all risk assets. While some analysts see the current situation as a temporary sell-off and a buying opportunity, others caution against the speculative nature of crypto. As the market evolves, its role as a mainstream alternative asset continues to grow, marked by increasing institutional acceptance and new investment opportunities.
