With 95 confirmed realized deals, here are the results to date.
Since 2014, CrowdStreet investors have successfully funded 580 deals, 95 of which have realized (sold). Amount Invested and Actual Hold calculated based on all 95 realizations to date (inclusive of 2 realized deals in 2022). Actual IRR and EM calculated based on 85 deals as returns/distributions are still being finalized for remaining investments. Therefore, the stated IRR and EM shown here may be lower or higher than quoted until all deals are final. As more deals work through their holding periods, these numbers will be updated to reflect the latest metrics, which are calculated to be net of fees. Last updated in January 2022 .
This annualized return metric spreads cash flows and equity return over the course of the entire holding period.
1.51x Equity Multiple
The total cash distributions received from an investment, divided by the total equity invested.
2.6 Year Hold Period
The amount of time from the date of the purchase to the date of the sale.
Understanding returns by risk profile
In commercial real estate investing, there are four common risk profiles: core, core-plus, value-add, and opportunistic. Less risky investments may target lower returns but are generally considered a “safer bet.” In commercial real estate, this means the property is generating stable cash flow but likely won’t appreciate dramatically. Riskier opportunities target higher returns to justify the risk to investors. For commercial real estate, this might mean the property isn’t generating any cash flow but instead targets one big payday when the property sells or refinances.
We categorize opportunistic investments as those that target the highest returns, but also bear the most risk. These properties include ground-up development, have little to no cash flow, and often have the most complicated business plans.
To date, CrowdStreet investors have invested in 165 opportunistic deals and 13 have fully realized.
Realized Opportunistic Deals
We classify value-add investments as projects that aim to significantly increase cash flow and the value of the property over time by making dramatic improvements to the property.
As one of the most common risk profiles on the Marketplace, CrowdStreet investors have invested in 257 value-add deals to date. 42 have fully realized.
Realized Value-Add Deals
We categorize core-plus investments as high-quality properties that are mostly occupied but have set aside some of the monthly income for future maintenance and upgrades, meaning there is less stable cash flow for investors.
Since 2014, CrowdStreet investors have invested in 90 core-plus deals and 6 have fully realized.
Realized Core-Plus Deals
We classify core investments as those with stable, predictable cash flow. They are usually fully-occupied, need no major improvements, and are in major markets. These are considered the least risky investment type.
CrowdStreet investors have had the opportunity to invest in 11 core deals and 0 have fully realized.
CrowdStreet, Inc. (“CrowdStreet”) maintains a commercial real estate investor technology platform through which companies that develop and own commercial real estate can offer investment opportunities to qualified investors (the “Marketplace”). CrowdStreet is not a registered broker-dealer, investment advisor, or crowdfunding portal. CrowdStreet does not endorse any of the opportunities that appear on this website, nor does it make any recommendations regarding the appropriateness of particular opportunities for any investor. CrowdStreet Advisors, LLC (“CrowdStreet Advisors”) is a wholly-owned subsidiary of CrowdStreet and a federally registered investment advisor (CRD# 299176).