CrowdStreet

Crowd Street, originally founded in 2014 in Portland, Oregon by Tore Steen and Darren Powderly, is the largest online commercial real estate marketplace for accredited investors in the United States. The platform connects individual investors directly with institutional-quality sponsors across deal types spanning multifamily, office, industrial, hospitality, self-storage, senior housing, and retail. As of April 2025, the platform has facilitated more than $4.4 billion in commercial real estate investments across 790+ funded deals since inception. In Spring 2025, the company rebranded from "CrowdStreet" to "Crowd Street," relocated its headquarters to New York City, and launched a rebuilt technology platform — signals of a deliberate effort to reposition after a turbulent 2022–2023 period.

The platform offers three access points: individual deal investments (direct to sponsor, minimum typically $25,000), diversified funds (multi-property exposure from a single commitment), and Tailored Portfolios via CrowdStreet Advisors (a managed account service requiring a $250,000 minimum, with advisory fees ranging from 0.25% to 2.5%). Account creation is free, and the platform charges investors no direct access fees — revenue is generated through sponsor listing fees and advisory services. Investors should be aware that all offerings are illiquid private placements with hold periods typically ranging from three to seven years, and that the platform is currently navigating ongoing litigation related to the 2023 Nightingale Properties fraud, in which a sponsor misappropriated approximately $63 million from roughly 800 investors across multiple CrowdStreet-listed deals.