Yieldstreet to acquire real estate investment platform Cadre

Alternative investment platform Yieldstreet announced today that it has agreed to acquire Cadre, an online real-estate-focused investment platform aimed at institutional and high-net-worth investors.

Financial terms of the deal were not disclosed.

Founded in 2015, Yieldstreet gives people a way to invest in areas such as real estate, marine/shipping, legal finance, commercial loans and other opportunities that were previously only open to institutional investors. Milind Mehere and Michael Weisz co-founded Yieldstreet with the mission of making investing more inclusive for non-institutional investors.

Cadre, founded by Ryan Williams and Joshua and Jared Kushner in 2014, is an online marketplace that helps connect accredited investors with real estate operators. It claims to give investors a way to evaluate commercial real estate deals in a “more transparent way.” The company was once worth $800 million but its value has reportedly dropped significantly in recent years. The information reported earlier this year that an acquisition of Yieldstreet could value the company at around $100 million. It has raised more than $133 million in debt and venture funding from investors such as Andreessen Horowitz, General Catalyst, Khosla Ventures, Goldman Sachs and Thrive Capital, among others.

The two companies have a collective investment value – defined as the combined capitalized value of the real estate equity transaction and committed value of all other investments since the beginning of 2014 and 2015 – which is over $9.7 billion. Investors have allocated a combined $5.3 billion to the platforms and received $3.1 billion in returns to date, according to a Yieldstreet statement.

Together, Yieldstreet and Cadre serve more than 500,000 members across eight institutional and retail distribution channels — 450,000 of them from Yieldstreet and 50,000 from Cadre.

Both companies are based in New York.

Williams will remain CEO of Cadre and lead a new division focused on expanding access to the institutional audience as Yieldstreet’s global head of Institutional Partnerships & Clients. Mike Fascitelli, an investor and adviser to Cadre, will now serve as global chairman of real estate and head of Cadre’s investment committee.

TechCrunch has reached out to Yieldstreet for more details and will update the story when we get it.

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