TORONTO, ONTARIO--(Marketwired - Dec. 23, 2015) - NexusCrowd Inc. announced today that it has closed its second commercial real estate offering, raising $500,000 in 5 weeks. By partnering with Downing Street Realty Partners on the project, NexusCrowd allowed accredited investors to participate in the redevelopment of a portfolio of industrial properties in the Greater Toronto Area (GTA).
"Since September, we raised $1 million for two private commercial real estate investments using our innovative investment platform," said Hitesh Rathod, CEO of NexusCrowd. "Successfully closing our second offering indicates there is strong investor appetite for commercial real estate in Canada. Our goal at NexusCrowd is to continue fostering long-term partnerships with successful institutional developers and private equity investors to ensure we are providing individual investors access to attractive and exclusive investment opportunities," added Mr. Rathod. "Investors also appreciate that NexusCrowd has gone through significant regulatory scrutiny and is licensed as an Exempt Market Dealer. Their confidence is extremely important as we continue to gain solid traction in this new and growing space."
"We partnered with NexusCrowd because they are the leading commercial real estate crowdfunding platform in Canada" said Marc Canale, Partner at Downing Street. "We have over 30 years of experience developing and investing in commercial real estate but we wanted to access new sources of capital seamlessly without disrupting our business model. Our long-term partnership with NexusCrowd is a perfect fit because it enables us to do that. We are extremely pleased with how NexusCrowd executed this deal and look forward to partnering with them again in the near future," added Mr. Canale.
About the Transaction
The redevelopment project includes three industrial properties; one in Mississauga, and two in Toronto, totaling 110,000 square feet. The properties have already been purchased by Downing Street, and redevelopment began over a year ago. The two Toronto properties with environmental contamination are currently being remediated. The expected completion date of the project is October 2016. NexusCrowd raised $500,000 of a total $5.8 million equity raise for the project.
About NexusCrowd Inc.
NexusCrowd is the first investment platform in Canada that provides accredited investors exclusive access to co-invest alongside institutional investors in deals that have reached at least 50% of the funding target. NexusCrowd is the only investment platform in Canada with an exempt market dealer license that uniquely partners with institutions on equity and debt investments. Combined with proprietary investment and fundraising technology, NexusCrowd provides a simple, transparent process for accredited investors, and a frictionless way for private equity partners to raise new capital. For further information, visit www.nexuscrowd.com.
Investor Benefits
- Exclusive access to invest alongside institutional partners
- Minimum investment size of $10,000 (up to 25x lower than the industry average)
- Broad selection of securities that fit a variety of investor risk/return goals
- Investment terms that are typically reserved for institutional investors
- Professional investment management and reporting
How it Works
- Accredited investors sign up for free, at nexuscrowd.com, with no obligation to invest
- Gain access to investment opportunities on the platform that match investment goals
- Select and invest in the opportunity of the investors' choice
- Monitor progress of investments through the easy-to-use, investment dashboard
About Downing Street Realty Partners
Downing Street Realty Partners focuses on a range of real estate investment management and real estate merchant banking activities. Downing Street acts as both principals and independent advisors to its clients and offers investment, transaction and management expertise stemming from significant expertise in the real estate market as owners, intermediaries and asset managers. Downing Street strategically identifies and executes private market transactions, adding value to its clients across their real estate and investment needs while enhancing their risk adjusted returns.
Since its founding in 1986, Downing Street has acquired, repositioned and developed over 3 million square feet of residential, office, commercial and industrial properties in Ontario, as well as other provinces in Canada. Further information can be found at www.downingstreet.com.
Disclaimer:
This communication is not an offer to sell, or solicitation to buy, securities. Offers to sell, or the solicitations of offers to buy, any security can only be made through official offering documents that contain important information about risks, fees and expenses. Investors should conduct their own due diligence and should consult with a financial advisor, lawyer, accountant, and any other professional that can assist with understanding and assessing the risks associated with any investment opportunity.
NexusCrowd Inc. is a registered Exempt Market Dealer in the Provinces of Alberta, British Columbia and Ontario. NexusCrowd Inc. operates an online investment platform intended for Canadian investors who qualify under available exemptions pursuant to Canadian National Instrument 45-106. All offerings presented on the site are considered to be highly speculative and, as such, are suitable only for purchasers who are prepared to risk the loss of their entire investment.
Contact Information:
Hitesh Rathod
CEO
NexusCrowd Inc.
1 (877) 487-6506
info@nexuscrowd.com