Canadian online investment platform NexusCrowd has collaborated with Downing Street Realty Partners on a $12 million real estate project in the Greater Toronto Area (GTA). Downing Street, a Canadian real estate investment manager and merchant bank, is the lead investor in the project, which will focus on redeveloping three industrial properties in the region. NexusCrowd is raising $500,000 from accredited investors for the initiative. In September, NexusCrowd completed its first transaction, which involved a $100 million retail mall development in the GTA.
NexusCrowd Announces Partnership with Downing Street Realty Partners for a $12 Million Industrial Real Estate Redevelopment Project
Online Investment Platform provides investors exclusive access to alternative, commercial real estate investments
TORONTO, ONTARIO–(Marketwired – Nov. 12, 2015) – NexusCrowd Inc. (“NexusCrowd”) today announced the launch of a new real estate redevelopment project on its online investment platform, and has partnered with Downing Street Realty Partners (“Downing Street”), a Toronto-based real estate investment manager and merchant bank. Downing Street is the lead investor for the $12 million project, which includes three industrial properties in the Greater Toronto Area (GTA).
The partnership will allow NexusCrowd to post exclusive investment opportunities that Downing Street is leading onto the NexusCrowd platform. NexusCrowd is the first investment platform in Canada to provide accredited investors with exclusive access to co-invest alongside institutional investors in deals that have reached at least 50% of their funding target. It also provides private equity firms with a “frictionless” way to raise new capital.
“We are extremely pleased to welcome Downing Street as a partner,” stated Hitesh Rathod, CEO of NexusCrowd. “Downing Street has a long history of successful investment and management in the real estate development and redevelopment sectors. This partnership broadens our ability to offer high-quality investment opportunities to accredited investors with a reputable sponsor.”
Real estate crowdfunding is experiencing explosive levels of growth. According to crowdfunding firm, Massolution, the market for real estate crowdfunding is expected to increase by 150 percent, equaling $2.57 billion in 2015, making it one of the fastest-growing industry segments of crowd capitalism.
“Partnering with NexusCrowd enables us to efficiently raise additional sources of capital, while leveraging the power of crowdfunding,” said Marc Canale, a Partner at Downing Street Realty Partners. “Downing Street has an extensive track-record with redevelopment projects of this nature, and is pleased to partner with NexusCrowd to offer investors this latest opportunity.”
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 September 2016. The total cost of the project is $12 million, with NexusCrowd raising $500,000.
About NexusCrowd Inc.
NexusCrowd is the first investment platform in Canada that provides accredited investors with exclusive access to co-invest alongside institutional investors in deals that have reached at least 50% of the funding target.
NexusCrowd is led by a team with expertise in financial services, technology and institutional finance. It’s 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.
About Downing Street Realty Partners
Downing Street Realty Partners is focused 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.
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.
The DFI Group
Hitesh Rathod, CEO
1 (877) 487-6506