“We are incorporating some of the best practices of how to do it in a very scalable manner”
Tore Steen is the CEO and Co-founder of CrowdStreet which is a crowdsourcing platform connecting investors with Main Street investment real estate opportunities. Tore is a business leader in the internet and software industries with deep expertise in strategy, business development, sales, and marketing for both publicly traded and private enterprises.
With commercial real estate being the third-biggest asset class in the U.S. Tore will share how CrowdStreet is empowering individual investors by democratizing investment real estate. Tore will talk about technology solutions that provide real estate sponsors with a scalable platform for managing a large investor base. You’ll also learn about the potential yields and the opportunities available to non-accredited investors.
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ILAB 53 Show Notes
Where are we:
Catalonia, Spain – Sam & Johnny FD
Portland, Oregon – Tore
Start Here – Recommended readings
02:49 – Beginning of CrowdStreet
06:07 – The leadership team experience
08:36 – Defining commercial real estate
10:07 – Grading the quality of property
11:09 – Terms to familiarize with
14:09 – Demographic trends in the USA
16:57 – Investors circle learning platform
18:29 – Asset profile explanation
23:07 – Average member investment
25:20 – Software solution for developers
28:27 – The vetting process
32:54 – Average returns across the platform
36:09 – Nonaccredited opportunity
40:59 – Passive returns on investment
43:46 – High risk vs. safe ROI
46:21 – Biggest investment mistakes
55:09 – Nonaccredited investors
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