Cadre operates a technology-driven platform that enables qualified individuals and institutions to invest alongside institutional buyers in vetted commercial real estate assets and offers a secondary market to provide potential liquidity. The company recently launched the Cadre Direct Access Fund, a curated portfolio product with lower minimums, lower fees, improved underwriting and designed to accommodate investors outside the United States. Cadre combines institutional real estate experience with technology to increase transparency and reduce costs for investors. The firm has closed more than $3 billion in real estate transactions across 16 markets, delivered greater than 18% net IRR on four completed property sales, and returned more than $168 million of capital to investors to date. Cadre will expand its corporate footprint to Abu Dhabi as part of a strategic partnership with DisruptAD to broaden access between regional investors and U.S. commercial real estate. Cadre is a New York–based online platform that lets accredited investors invest directly in commercial real estate deals. The company assembles portfolios of real estate stakes and passes investments to clients for an upfront fee and a recurring subscription. Cadre works with more than 200 real estate operators and requires a $100,000 minimum investment from accredited investors. It employs about 75 people in New York and has raised more than $130 million from investors including Peter Thiel, Jim Breyer, the Ford Foundation, General Catalyst, Khosla Ventures and Thrive Capital. Goldman Sachs’ private wealth clients have committed $250 million to be funneled into Cadre-assembled real estate portfolios, giving the company access to a larger pool of buyers. Cadre is building a secondary marketplace to let investors trade property stakes and plans to expand its offerings over time to include real assets such as farmland, private equity and credit. The company intends to establish brand equity with accredited investors before broadening its market. Cadre builds a technology-driven platform to simplify real estate investing for family offices, endowments and other wealthy investors. The company aims to expand beyond servicing wealthy investors over time to reach a more diverse set of customers. Cadre raised $65 million in a Series C led by Andreessen Horowitz, which strengthens its financial position following earlier rounds. The startup previously closed a $50 million Series B in January 2016 and raised $18.3 million in Series A in 2015. The round attracted investors such as Breyer Capital, the Ford Foundation, General Catalyst Partners, Goldman Sachs, Khosla Ventures and Thrive Capital. Cadre was co-founded by Ryan Williams, Joshua Kushner and Jared Kushner and is based in New York. Cadre operates an online platform that provides institutional deal flow and lets investors cherry-pick transactions instead of placing capital into funds or real estate investment trusts. The core product is a marketplace/vehicle for direct investment in real estate, focused initially on proven, income-producing assets. The founders began work on the venture in the fall of 2014 and have been operating in stealth beta. Investors including family offices and sovereign funds have already closed roughly $50 million of deals through the platform. Cadre has secured a $250 million backstop from a large family office and raised $18.3 million in a Series A. The company plans to generate revenue from transaction fees and other fees. Ryan Williams is overseeing day-to-day operations, Andrew Borovsky leads product, and Jared and Joshua Kushner serve as strategic advisors.

Total raised

$333M

Funding rounds

4

Latest round

Equity

Latest activity

Jan 2018