Company type | Subsidiary |
---|---|
Industry | Financial technology Real estate |
Founded | 2014New York, New York, United States | in
Founder | Ryan Williams |
Headquarters | , |
Key people | Ryan Williams, CEO, Founder & Executive Chairman Dan Rosenbloom, Chief Investment Officer |
Number of employees | Over 100 |
Parent | Yieldstreet (2023–present) |
Website | cadre |
RealCadre LLC, commonly Cadre, is an American financial technology company that provides individuals and institutions direct access to real estate investment properties, including commercial properties based in New York.[1] The business and financial press describe it as a platform that "makes the real estate market more like the stock market" by allowing investors to select the individual transactions in which they participate, while investing a smaller amount than would be required to fully fund a transaction.[1] For example, 12 institutional investors (such as family offices and endowments) participated in a $60 million office building purchase.[2] The firm was named to Forbes' "FinTech50" for 7 years in a row starting in 2016.[3][4][5] In 2019, Cadre was the cover story of the Forbes "FinTech 50" issue.[6][7] In 2018, a partnership with Goldman Sachs was announced through which Goldman Sachs' private wealth clients committed at least $250 million (USD) real estate investments through Cadre.[8][9] In 2020, Cadre announced its "Direct Access" fund intended to include smaller investors with a $400 million target raise.[10] The company also offers a managed portfolio service and a real estate secondary market, as well as a cash holdings account called "Cadre Cash".[11] The company has announced plans to address racial injustice in the United States by investing at least 10% of its Direct Access fund investments with minority-owned operators and increasing its cash held in black-owned banks.[10]
In 2023, Cadre launched Cadre Direct Access Fund II, a value-add fund aiming to raise $500mm to invest in opportunistic assets resulting from the capital markets dislocation. Most of its investors in the fund were expected to be institutional in nature.[12] In 2023, Cadre was acquired by Yieldstreet, a global alternative investment platform. Cadre CEO Ryan Williams continues to serve as the CEO of Cadre, which operates as an independent subsidiary.[13] Prior to the acquisition, Cadre received venture capital investment from several sources.[14][15]
2023merger
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