StartEngine, which claims to be the largest equity crowdfunding platform in the U.S., is about to start offering real estate investment opportunities, in addition to its startup and early-stage company investment offerings.
The crowdfunding giant, which has facilitated over $150 million in investments since 2015, will partner with Atlanta-based real estate investment firm Jamestown Invest to offer private equity real estate. Investors with at least $2,500 can claim a stake in Jamestown Invest’s portfolio of urban properties, including Southern Dairies, a historic five-building, 79,000-square-foot office campus in Atlanta.
“We are connecting ordinary people to opportunities they wouldn’t have otherwise,” said Howard Marks, co-founder and CEO of StartEngine, explaining that the traditional vehicle for real estate investment, REITs (Real Estate Investment Trusts), don’t offer the asset classes wealthy investors have access to in the private equity market.
“We are connecting ordinary people to opportunities they wouldn’t have otherwise,” said Howard Marks.
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="The collaboration is part of a larger trend toward micro-investment in private equity real estate, especially among millennials. Other crowdfunding apps like Compound also facilitate investments in private equity, but the StartEngine-Jamestown collaboration is the biggest real estate crowdfunding opportunity yet, the companies said.” data-reactid=”30″>The collaboration is part of a larger trend toward micro-investment in private equity real estate, especially among millennials. Other crowdfunding apps like Compound also facilitate investments in private equity, but the StartEngine-Jamestown collaboration is the biggest real estate crowdfunding opportunity yet, the companies said.
“Millennials and Gen Z are maturing into active investors. They’re digitally native and proficient in ways that create opportunities — and require investment vehicles, managers and platforms to become more calibrated to the way they [young people] want to invest,” said Michael Phillips, principal and president of Jamestown, the parent company of Jamestown Invest.
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="The collaboration also takes advantage of a wave of new investors during the pandemic. In the second quarter, StartEngine more than doubled the value of investments on its platform, adding 30,000 new investors, said Marks. The rising interest mirrors the rise of Robinhood, a California-based democratized investment app, which gained over 3 million funded accounts in 2020, according to its most recent blog post on May 4. ” data-reactid=”32″>The collaboration also takes advantage of a wave of new investors during the pandemic. In the second quarter, StartEngine more than doubled the value of investments on its platform, adding 30,000 new investors, said Marks. The rising interest mirrors the rise of Robinhood, a California-based democratized investment app, which gained over 3 million funded accounts in 2020, according to its most recent blog post on May 4.
“You could argue it’s the worst time to be investing, but it turns out it’s not — it’s one of the best times. During the pandemic, people are making investments and diversifying,” said Phillips. “The coronavirus has accelerated the use of technology in the choices we make today… All of this is an acceleration of trends that were happening already.”
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Sarah Paynter is a reporter at Yahoo Finance. Follow her on Twitter @sarahapaynter” data-reactid=”34″>Sarah Paynter is a reporter at Yahoo Finance. Follow her on Twitter @sarahapaynter
TORONTO – Canada’s main stock index was up more than 100 points in late-morning trading, helped by strength in base metal and utility stocks, while U.S. stock markets were mixed.
The S&P/TSX composite index was up 103.40 points at 24,542.48.
In New York, the Dow Jones industrial average was up 192.31 points at 42,932.73. The S&P 500 index was up 7.14 points at 5,822.40, while the Nasdaq composite was down 9.03 points at 18,306.56.
The Canadian dollar traded for 72.61 cents US compared with 72.44 cents US on Tuesday.
The November crude oil contract was down 71 cents at US$69.87 per barrel and the November natural gas contract was down eight cents at US$2.42 per mmBTU.
The December gold contract was up US$7.20 at US$2,686.10 an ounce and the December copper contract was up a penny at US$4.35 a pound.
This report by The Canadian Press was first published Oct. 16, 2024.
TORONTO – Canada’s main stock index was up more than 200 points in late-morning trading, while U.S. stock markets were also headed higher.
The S&P/TSX composite index was up 205.86 points at 24,508.12.
In New York, the Dow Jones industrial average was up 336.62 points at 42,790.74. The S&P 500 index was up 34.19 points at 5,814.24, while the Nasdaq composite was up 60.27 points at 18.342.32.
The Canadian dollar traded for 72.61 cents US compared with 72.71 cents US on Thursday.
The November crude oil contract was down 15 cents at US$75.70 per barrel and the November natural gas contract was down two cents at US$2.65 per mmBTU.
The December gold contract was down US$29.60 at US$2,668.90 an ounce and the December copper contract was up four cents at US$4.47 a pound.
This report by The Canadian Press was first published Oct. 11, 2024.
TORONTO – Canada’s main stock index was little changed in late-morning trading as the financial sector fell, but energy and base metal stocks moved higher.
The S&P/TSX composite index was up 0.05 of a point at 24,224.95.
In New York, the Dow Jones industrial average was down 94.31 points at 42,417.69. The S&P 500 index was down 10.91 points at 5,781.13, while the Nasdaq composite was down 29.59 points at 18,262.03.
The Canadian dollar traded for 72.71 cents US compared with 73.05 cents US on Wednesday.
The November crude oil contract was up US$1.69 at US$74.93 per barrel and the November natural gas contract was up a penny at US$2.67 per mmBTU.
The December gold contract was up US$14.70 at US$2,640.70 an ounce and the December copper contract was up two cents at US$4.42 a pound.
This report by The Canadian Press was first published Oct. 10, 2024.
