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Thursday, March 2, 2017

Industry Leaders Weigh In



Today’s industry leaders are REC’s pioneers. These dedicated men and women have a vision of what the real estate industry could look like and have believed in it when very few people thought it was possible to take this industry to the web.

CrowdCrux asked some CEOs and leaders of today’s top REC platforms a few questions about their platforms and where the industry is going.

Here is what they had to say:

CrowdStreet co-founders Tore Steen and Darren Powderly What laws/exemptions does your platform operate under and why?

“CrowdStreet currently operates under several laws/exemptions including: Reg. D Section 506b - Sponsors using our Sponsor Direct SaaS solution to publish investment offerings to their own websites typically do so under the 506b exemption of US securities code.

Sponsor Direct allows real estate operating companies to easily publish and promote offerings to their existing networks of investors and manage the resulting online funding events and communications.

Reg. D Section 506c - Sponsors publishing in investment offerings to our direct-to-investor public Marketplace do so under the 506c exemption of the US securities code.

Utilizing the 506c exemption enables the real estate operating company to generally solicit their offerings through the CrowdStreet Marketplace to reach a new audience of investors and directly acquire new investors for their businesses - something that is not possible with the SPV marketplace model used by nearly every other crowdfunding real estate marketplace.”

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