StartEngine, one of the nation’s largest equity crowdfunding platforms, announced it was collaborating with Jamestown, a leading global real estate investment and management company, to introduce Jamestown Invest to its platform. Jamestown, which developed Ponce City Market, is led by CEO Matt Bronfman.
The new online real estate investment vehicle represents the first and only Regulation A+ real estate investment opportunity StartEngine has featured among its listings, typically dominated by technology startups, according to a press release. The new listing comes in response to increasing interest for real estate investments, which are seen as helpful in developing balanced portfolios, according to the release. Since its launch in 2015, StartEngine has raised more than $150 million for over 350 companies on its crowdfunding platform.
“We’re very excited to introduce Jamestown Invest to investors who have voiced a desire to invest in real estate,” said StartEngine co-founder and CEO Howard Marks. “With its focus on value-added real estate opportunities, Jamestown Invest offers our investors the ability to invest in real estate with a proven team.”
Michael Phillips, a principal and president of Jamestown, said, “Today’s generation of investors want to have a sense that their investments are lifting communities and building their neighborhoods; they want to know that their investment managers share their values. We launched Jamestown Invest so individuals throughout the U.S. could have the opportunity to invest in commercial real estate through a platform where there is a multidimensional return.
StartEngine is an ideal partner for Jamestown Invest because they understand the importance of this type of relationship.”
Jamestown Invest is an online direct-to-consumer investment vehicle that offers the opportunity to invest in real estate for a minimum of $2,500. Backed by Jamestown’s more than 35-year track record of investing and managing real estate, the fund focuses on the acquisition of value-add properties in urban locations with potential for repositioning or redevelopment, the release said.
Since its launch in December 2019, Jamestown Invest has acquired a majority stake in Southern Dairies, a historic five-building, 79,000-plus-square-foot creative office campus in Atlanta’s Old Fourth Ward neighborhood. Located just steps away from Ponce City Market and the Atlanta BeltLine Eastside Trail, the former dairy distribution plant now houses a diversified tenant mix including architectural, advertising and real estate firms.