Welcome!

News Feed Item

AssetAvenue Launches Premium Crowdfunding Platform, Offering Investors Unprecedented Access to A-List Commercial Real Estate Investments Online

New Equity Crowdfunding Platform Kicks Off by Closing First Deal in Manhattan's Exclusive Trump Palace Within 48 Hours of Launch

LOS ANGELES, CA -- (Marketwired) -- 04/01/14 -- Real estate crowdfunding platform AssetAvenue today announced the official launch of its online marketplace, providing unprecedented access to pre-vetted investment opportunities with best-in-class real estate operators from across the country. The platform will allow operators to utilize new general solicitation rules enacted last fall and legalized by the bipartisan JOBS Act. The company's first completed deal raised $485,000 from investors in less than 48 hours to acquire a commercial real estate loan backed by office space in the prestigious Trump Palace, the tallest building in New York City's Upper East Side neighborhood.

The AssetAvenue management team is already leveraging a combined $10 billion in real estate acquisitions experience and deep industry relationships to deliver superior deal strength, which the team sees as its advantage. "Investors care first and foremost about access to the highest quality deals," said David Manshoory, founder and CEO of AssetAvenue, "and that's where AssetAvenue stands out. We're opening access to the kind of opportunities that investors used to only hear about after the biggest players had already snapped them up."

"Closing our first deal on a property like the Trump Palace -- and within 48 hours -- is indicative of what we plan to bring to the industry," said Kevin Arrabaca, president of real estate investments. "Investors in this deal are projected to earn a nine percent annual return, paid on a monthly basis, on a loan that is only 46 percent of the recently appraised property value."

AssetAvenue's member base offers real estate operators and sponsors a new and growing source of investor capital to help fund properties. The AssetAvenue team handles all investor distributions, communications and relations, allowing operators to interact with only one intermediary and focus on what they do best.

"Our model is simple: smart money follows great deals," added Manshoory.

All of AssetAvenue's pre-vetted deals allow investors to contribute as little as $10,000 per property, allowing investors to diversify their portfolio across multiple assets and earn regular cash flows.

Headquartered in Los Angeles, AssetAvenue is led by commercial real estate industry veterans with a proven track record of raising capital from high net worth and intuitional investors, while generating impressive returns in real estate and business. Manshoory is a seasoned entrepreneur with a real estate track record, having previously founded an investor-backed real estate fund that acquired distressed properties in Southern California. Arrabaca has over a decade of real estate and finance experience, having underwritten over 3,000 properties across nearly every asset class while at various firms, including Colony Capital, Lehman Brothers and Houlihan Lokey.

AssetAvenue also counts among its advisors some of the most respected minds in the banking, real estate, technology and crowdfunding industries, including Dr. Richard Swart of UC Berkeley, a founding board member of the Crowdfunding Professional Association. Dr. Swart is a world-renowned crowdfunding researcher who recently authored a major white paper for the World Bank on the potential impact of crowdfunding.

"Crowdfunding has already proven itself in other industries and verticals, such as fundraising for businesses and loans, because of all the benefits it brings to both sides of the marketplace, the sponsors and the investors," Swart said. "Crowdfunding for real estate breaks down all the traditional barriers to getting involved as an investor and allows sponsors to raise capital more efficiently. Although we are only scratching the surface of what's possible today, I predict that real estate crowdfunding will become mainstream in the United States in the next 12 to 24 months."

For more information or to join AssetAvenue as an accredited investor or real estate sponsor, please visit www.assetavenue.com.

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
SYS-CON Events announced today that Loom Systems will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Founded in 2015, Loom Systems delivers an advanced AI solution to predict and prevent problems in the digital business. Loom stands alone in the industry as an AI analysis platform requiring no prior math knowledge from operators, leveraging the existing staff to succeed in the digital era. With offices in S...
With billions of sensors deployed worldwide, the amount of machine-generated data will soon exceed what our networks can handle. But consumers and businesses will expect seamless experiences and real-time responsiveness. What does this mean for IoT devices and the infrastructure that supports them? More of the data will need to be handled at - or closer to - the devices themselves.
DevOps is often described as a combination of technology and culture. Without both, DevOps isn't complete. However, applying the culture to outdated technology is a recipe for disaster; as response times grow and connections between teams are delayed by technology, the culture will die. A Nutanix Enterprise Cloud has many benefits that provide the needed base for a true DevOps paradigm.
My team embarked on building a data lake for our sales and marketing data to better understand customer journeys. This required building a hybrid data pipeline to connect our cloud CRM with the new Hadoop Data Lake. One challenge is that IT was not in a position to provide support until we proved value and marketing did not have the experience, so we embarked on the journey ourselves within the product marketing team for our line of business within Progress. In his session at @BigDataExpo, Sum...
The taxi industry never saw Uber coming. Startups are a threat to incumbents like never before, and a major enabler for startups is that they are instantly “cloud ready.” If innovation moves at the pace of IT, then your company is in trouble. Why? Because your data center will not keep up with frenetic pace AWS, Microsoft and Google are rolling out new capabilities In his session at 20th Cloud Expo, Don Browning, VP of Cloud Architecture at Turner, will posit that disruption is inevitable for c...
SYS-CON Events announced today that Telecom Reseller has been named “Media Sponsor” of SYS-CON's 20th International Cloud Expo, which will take place on June 6–8, 2017, at the Javits Center in New York City, NY. Telecom Reseller reports on Unified Communications, UCaaS, BPaaS for enterprise and SMBs. They report extensively on both customer premises based solutions such as IP-PBX as well as cloud based and hosted platforms.
SYS-CON Events announced today that Ocean9will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Ocean9 provides cloud services for Backup, Disaster Recovery (DRaaS) and instant Innovation, and redefines enterprise infrastructure with its cloud native subscription offerings for mission critical SAP workloads.
Providing the needed data for application development and testing is a huge headache for most organizations. The problems are often the same across companies - speed, quality, cost, and control. Provisioning data can take days or weeks, every time a refresh is required. Using dummy data leads to quality problems. Creating physical copies of large data sets and sending them to distributed teams of developers eats up expensive storage and bandwidth resources. And, all of these copies proliferating...
DevOps is often described as a combination of technology and culture. Without both, DevOps isn't complete. However, applying the culture to outdated technology is a recipe for disaster; as response times grow and connections between teams are delayed by technology, the culture will die. A Nutanix Enterprise Cloud has many benefits that provide the needed base for a true DevOps paradigm. In his Day 3 Keynote at 20th Cloud Expo, Chris Brown, a Solutions Marketing Manager at Nutanix, will explore t...
In recent years, containers have taken the world by storm. Companies of all sizes and industries have realized the massive benefits of containers, such as unprecedented mobility, higher hardware utilization, and increased flexibility and agility; however, many containers today are non-persistent. Containers without persistence miss out on many benefits, and in many cases simply pass the responsibility of persistence onto other infrastructure, adding additional complexity.
SYS-CON Events announced today that Cloudistics, an on-premises cloud computing company, has been named “Bronze Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Cloudistics delivers a complete public cloud experience with composable on-premises infrastructures to medium and large enterprises. Its software-defined technology natively converges network, storage, compute, virtualization, and management into a ...
SYS-CON Events announced today that CA Technologies has been named “Platinum Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY, and the 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. CA Technologies helps customers succeed in a future where every business – from apparel to energy – is being rewritten by software. From ...
Pentaho has announced orchestration capabilities that streamline the entire machine learning workflow and enable teams of data scientists, engineers and analysts to train, tune, test and deploy predictive models. Pentaho’s Data Integration and analytics platform ends the ‘gridlock’ associated with machine learning by enabling smooth team collaboration, maximizing limited data science resources and putting predictive models to work on big data faster – regardless of use case, industry, or languag...
SYS-CON Events announced today that T-Mobile will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. As America's Un-carrier, T-Mobile US, Inc., is redefining the way consumers and businesses buy wireless services through leading product and service innovation. The Company's advanced nationwide 4G LTE network delivers outstanding wireless experiences to 67.4 million customers who are unwilling to compromise on ...
SYS-CON Events announced today that SoftLayer, an IBM Company, has been named “Gold Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York, New York. SoftLayer, an IBM Company, provides cloud infrastructure as a service from a growing number of data centers and network points of presence around the world. SoftLayer’s customers range from Web startups to global enterprises.