Acquire Real Estate is a New York-based commercial property crowdfunding platform that is bringing its own form of innovation to this rapidly growing sector of the real estate market. The company is launching a new exchange that allows investors to put their equity interests up for re-sale. While this may not sound much of an innovation in itself, equity investments in commercial property of this nature are usually long term and illiquid assets.
The new exchange, which the company says is the first of its kind, gives investors the ability to liquidate their assets in a “timely and efficient manner”, according to company CEO Steven Bettinger.
“The Acquire Exchange addresses the biggest concern that any real estate investor has: the issue of illiquidity. With our new exchange, we hope to help alleviate that concern”, he added.
Buyers and sellers who want to take advantage of the tool simply have to review the necessary documents, sign their names in the relevant spaces and the transfer of the assets is done automatically online.
Acquire was founded in May last year and instead of offering investors straight up property investment opportunities, as many other crowdfunding property platforms do, Acquire first makes its own investment in the property and then offers shares to its registered members. This way, the company assures customers that its team of professionals have fully vetted the property while also showing that the firm has a meaningful stake in the future value of the asset.
‘We cultivate relationships with some of the best sponsors in the country, and subject each of our deals to a rigorous due diligence with our panel of experts”, Bettinger continued. “But we know that despite the quality of any deal, some investors may experience unforeseen life events that create a need for liquidity.”