Property Crowdfunding: Thinking Locally, Acting Globally
With news stories emerging daily about crowdfunding for real estate, more and more individuals in the US and abroad are taking note of the new way of investing their money in real estate.
Thus far, with the industry in its earliest stages, the majority of deals are taking place locally, and involve relatively modest sums of money. There have been a few large deals — for instance, the $171.8 million investment in the BD Bacatá building in Colombia — that shows the impressive sums that crowdfunding can raise. The deal, however, was only open to Colombian citizens.
