Cadre (company)

RealCadre LLC
Company typeSubsidiary
IndustryFinancial technology
Real estate
Founded2014; 10 years ago (2014) in New York, New York, United States
FounderRyan Williams
Headquarters
New York City, New York
,
United States
Key people
Ryan Williams, CEO, Founder & Executive Chairman

Dan Rosenbloom, Chief Investment Officer

Michael Fascitelli, Investment Committee Co-Chair
Number of employees
Over 100
ParentYieldstreet (2023–present)
Websitecadre.com

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]

  1. ^ a b "Google and Facebook employees are flocking to a startup that's raised ~$70 million to shake up the real estate world". Business Insider. Archived from the original on 2017-04-04. Retrieved 2017-04-04.
  2. ^ "Trump's Son-in-Law Hasn't Given Up Real Estate For Politics Yet". Bloomberg.com. 8 July 2016. Archived from the original on 7 April 2017. Retrieved 4 April 2017.
  3. ^ "Cadre CEO Says Data Processes, Services Give Them an Edge". Bloomberg.com. Archived from the original on 2017-04-07. Retrieved 2017-04-04.
  4. ^ Novack, Janet. "The Forbes Fintech 50 For 2016". Forbes. Archived from the original on 2017-04-04. Retrieved 2017-04-04.
  5. ^ "The Future of Real Estate: Fintech 50 2020". Forbes. Archived from the original on 2020-03-04. Retrieved 2020-07-18.
  6. ^ Communications, Forbes Corporate. "Forbes Releases Fourth Annual Fintech 50 List: The Future of Your Money". Forbes. Archived from the original on 2019-02-12. Retrieved 2019-02-11.
  7. ^ Vardi, Nathan. "Ryan Williams, 30, Started A Revolutionary $800M Fintech. But Can He Escape His Kushner-Trump Connection?". Forbes. Archived from the original on 2019-02-12. Retrieved 2019-02-11.
  8. ^ "Goldman Commits $250 Million in Client Money to Real Estate Startup Cadre". Bloomberg.com. 2018-01-10. Archived from the original on 2018-01-14. Retrieved 2018-01-13.
  9. ^ "Real estate investing startup Cadre partners with Goldman Sachs". Reuters. Jan 10, 2018. Archived from the original on January 12, 2018. Retrieved 2018-01-13.
  10. ^ a b Gara, Antoine. "Fintech Cadre Launches $400M Fund Targeting Individual Investors And Will Back Underrepresented Real Estate Operators". Forbes. Archived from the original on February 2, 2021. Retrieved 2021-02-25.
  11. ^ "The Startup Trying to Disrupt Private Equity Firms | Institutional Investor". Archived from the original on 2018-11-22. Retrieved 2018-11-21.
  12. ^ Benson, Peter (2023-03-21). "Cadre launches second value-add fund". PERE. Retrieved 2024-01-17.
  13. ^ Cite error: The named reference 2023merger was invoked but never defined (see the help page).
  14. ^ Drucker, Jesse (5 November 2017). "Kremlin Cash Behind Billionaire's Twitter and Facebook Investments; Leaked files show that a state-controlled bank in Moscow helped to fuel Yuri Milner's ascent in Silicon Valley, where the Russia investigation has put tech companies under scrutiny". NYTimes.com. Retrieved 8 March 2018.
  15. ^ Four Corners; International Consortium of Investigative Journalists (5 November 2017). "Leaked documents link Trump's Commerce Secretary to Putin cronies". Australian Broadcasting Corporation. Retrieved 8 March 2018.