Q&A with Realty Shares Co-Founder Nav Athwal

nav_athwal-150x150By Executive Editor NATALIE DOLCE | GlobeSt – July 21, 2014 –

SAN FRANCISCO—Nav Athwal is co-founder and CEO of RealtyShares, a leading crowdfunding for real estate platform. Prior to founding RealtyShares, he was a real estate and land use attorney at San Francisco based Farella Braun & Martel LLP where he represented developers, fund managers, nonprofits, governmental organizations and REIT’s on some of the largest mixed use residential, commercial and renewable energy projects across the country.  GlobeSt.com recently caught up with Athwal to chat about trends in crowdfunding, the types of investors in the space and anticipated trends going forward.

GlobeSt.com: Can you tell us about a specific commercial deal RealtyShares has crowdfunded?

Nav Athwal: We recently crowdfunded Strawberry Creek, an approximately 63,000-square-foot retail center in Sacramento. The center is not only shadow-anchored by Target, but also has national and regional tenants such as Starbucks, Jamba Juice, Panda Express, Subway and Rubio’s.  For us, this was especially exciting because RealtyShares’ Investors had an opportunity to invest alongside and on the same terms as institutional investors through Pacific Castle, a very reputable Southern California-based investment company. The opportunity offered immediate cash flow to investor’s as well as upside potential at time of sale. Altogether, we had 25 investors in 13 states participate.

GlobeSt.com: What are some other commercial deals you’ve funded and are you noticing any trends?

Athwal: We’ve crowdfunded over 40 investment opportunities across 10 states and with a total value in excess of $100 million through RealtyShares. In addition to Strawberry Creek, we’ve funded mixed-use assets in Phoenix, multifamily assets in Texas, Chicago and New Jersey and government leased buildings in California.

We’ve experienced that it’s easier to fund cash flowing opportunities through the crowd than blind-pool funds and construction and ground up development projects. Thus, we are currently not funding those types of investments.

GlobeSt.com: What types of investors are you seeing using crowdfunding to invest in real estate?

Athwal: One of the benefits of crowdfunding is its transparency and level of control. Unlike REITs, our investors can select a specific asset in a specific market to match their own personal investment strategy or portfolio needs. In addition, our investors are excited about direct investments in real estate as a way to diversify their portfolio while reducing over-exposure to highly-volatile public equities.

Currently, all investors using the RealtyShares platform to invest in real estate have been Accredited US Investors, which means they meet strict standards related to their income and assets as set by the US government. Our investors range in age, occupation and location.  We have doctors, accountants, entrepreneurs, engineers, C-level executives, lawyers and others from almost every state in the US using RealtyShares. We also support investments through Self-Directed IRA’s thus allowing investors to use tax-deferred dollars.

What’s even more exciting is that the JOBS Act, which was enacted in April 2012, will allow non-accredited investor’s to participate in our crowdfunding platform for the first time.  That means that anyone, anywhere, could potentially take part in these real estate investment opportunities, democratizing access to these investments. We hope to see this act become operable by the end of the year.

Source and read rest of the interview here: http://www.globest.com/news/12_905/national/finance/Crowdfunding-Transparency-Investor-Draw-348408.html

HEADLINE NEWS

This RSS feed URL is deprecated, please update. New URLs can be found in the footers at https://news.google.com/news [...]

TechCrunchFormer Gawker employees are crowdfunding an effort to buy Gawker.comTechCrunchWhile Univision acquired most of Gawker Media's sites last year (and renamed them as the Gizmodo Media Group), the deal didn't include Gawker itself. In fact, BuzzFeed reported last month [...]

ForbesCrowdfunding Do's And Dont's From iFundWomen's Karen CahnForbesDuring our conversation, she was transparent in sharing that her first software company, VProud, failed because she “did everything backwards” and spent too much time trying to perfect the product. “Pe [...]

VentureBeatAtaribox preorders and crowdfunding campaign open on December 14VentureBeatAtari will start taking preorders for its Ataribox game console starting December 14. The New York company will also start its crowdfunding campaign on Indiegogo. In an email blast, Atari said, “We a [...]

CurbedHistoric French chateau now has 13000 owners from crowdfundingCurbedThe Chateau de la Mothe-Chandeniers has had many owners since its construction in the 13th century. Now more so than ever. Over 13,000 strangers have recently banded together to save the fairytale home—which fea [...]

Crowdfunding For French CastlesNPRYou too can own a French chateau, in part, anyway. Romain Delaume, CEO of Dartagnans, tells NPR's Scott Simon about a crowdfunding effort underway to preserve La Mothe-Chandeniers. SCOTT SIMON, HOST: What if I told you that for about $60, you cou [...]

Financial TimesCrowdfunding a mission to save capitalism from itselfFinancial TimesJeff Lynn is on a mission to save capitalism from itself at a time when millions feel locked out, and unable to foresee themselves better off than their parents. His answer: to democratise capital. That [...]

Comics BeatCrowdfunding Watch: Women to the RescueComics BeatAlas, another Monday begins. We're all here at our computers, staring at the screen until our eyeballs turn into raisins. I'll try to keep this week's crowdfunding round-up short and sweet. This week we'r [...]

WRAL Tech WireNew crowdfunding platform launches in North Carolina: LocalstakeNCWRAL Tech WireEasley points out that LocalstakeNC “is the first investment crowdfunding platform exclusively serving North Carolina. Startups and small businesses ranging from technology startups to retail [...]

Crowdfunding Campaign Underway To Establish Freediving Lanzarote DestinationDeeperBlue.comFreediving Champion Marianna Krupnitskaya has set up a crowdfunding page to help her set up an amazing freediving destination in the Canary Islands. The Freediving Lanzarote project will ultimate [...]

CFB Finance

Marketwired

  • Crowdfunding
  • Crowdfund
  • Peer to Peer Lending
  • FinTech
  • Reg A+
  • Reg CF
  • Crowdfunding USA

Press Release

Live Crowdfunding .tv

What's Next Step in Regulation A+ JOBS ACTS Title IIII :L Interview : Steve Cinelli with Brian Korn Securities and Crowdfunding/Peer-to-Peer Lending Lawyer, Watch more video library | Conference | Interview | Campaign Showcase | Research | Education |