CHICAGO, Ill., March 17, 2015 (GLOBE NEWSWIRE) -- via PRWEB - PeerRealty, the Midwest's premier real estate crowdfunding platform, is proud to announce that it is now accepting investments from accredited investors interested in investing in the Riverside Plaza shopping center in Belvidere, Illinois. The $1 million offering is one of the largest real estate crowdfunding offerings in Illinois history.
"When I founded PeerRealty last year, I wanted to give ordinary investors the opportunity to participate in the types of large-scale commercial and residential real estate deals that had previously been reserved for institutional investors," says PeerRealty CEO Jordan Fishfeld. "I also wanted to give Midwest real estate investors the chance to invest close to home, so I'm thrilled that we're able to bring real estate crowdfunding opportunities to this largely untapped market."
Investors had previously been able to make non-binding investment reservations while the due diligence process was being completed. Accredited investors now have the opportunity to participate in an equity investment in Riverside Plaza, a 62,538-square ft shopping center located in the heart of downtown Belvidere, Illinois, one hour northwest of Chicago. The minimum investment in the offering is $5,000. The deal is sponsored by Crosstown Capital Partners, LLC, a Chicago-based real estate investment firm with over 20 years of experience investing in and managing commercial property.
PeerRealty.com is a streamlined, online portal that allows any accredited investor to participate in high-quality real estate deals. A strong team and advisers with institutional backgrounds review and select deals. The founding team has over 10 years of real estate investing experience, and includes M.B.A.'s from Northwestern University's Kellogg School of Management, the University of Chicago Booth School of Business, and the University of Miami (FL). Exclusive PeerRealty sponsors include Elmdale Partners, Windy City RE, LLC and Heritage Realty Partners Inc.
For more information on PeerRealty and this offering, visit PeerRealty.com.
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