Concreit Raises $6 Million to Enable Anyone to Invest in Diversified Professionally Managed Real Estate Fund With as Little as $1

SEATTLE–(BUSINESS WIRE) – Concreit, the company that makes diversified real estate investing available to everyone, announced today that it has closed $ 6 million seed funding in a round led by Matrix Partners. Hyphen Capital as well as individual investors such as Jon Stein, founder and CEO of Betterment; Andy Liu, partner at Unlock Venture Partners; and investor and advisor Ben Elowitz. Dana Stalder, General Partner at Matrix, will join the Concreit Board of Directors.

Today also marks the official launch of the Concreit app, which allows anyone to invest in the global multi-trillion dollar residential real estate market for as little as $ 1 (1). Most investors can open a Concreit account and make their first investment on their mobile device in minutes. The platform enables weekly earned withdrawals, automated investments and on-demand withdrawals, while earned withdrawals are topped up weekly (2). Concreit’s first private REIT fund (3), focused on passive income, consists of lower risk fixed income residential and commercial real estate first Pfandbriefe with an annualized return of 5.47% (4). The fund is managed by a team of industry experts with over $ 10 billion combined experience in wealth management.

Many popular real estate (“RE”) platforms burden investors with real estate and business choices – which is the paradox of choice. Concreit simplifies and demystifies real estate by giving investors access to simplified passive income.

“We are democratizing the real estate investment process because everyone deserves equal access to opportunities that can transform their financial situation,” said Sean Hsieh, CEO and founder of Concreit. “When I made a little money in my last company, I wanted to invest it intelligently. I saw an opportunity through private real estate investments to get great APR while also getting less correlation with traditional public stock or bond markets. But they were only for those already wealthy or needed multi-year capital commitments. Concreit gives everyone access to a real estate portfolio and the ability to access withdrawals if necessary. ”

A better way to invest

Real estate investments have fueled some of the world’s largest investment portfolios in years (5), but many traditional real estate funds require large upfront investments of between $ 10,000 and $ 100,000. Investors also need investment experience to handle the complexities of the real estate market, which discourages the majority of would-be investors from participating. In addition, traditional private fund investors typically receive repayments quarterly at best. Concreit changes all of this through facilities Customer withdrawals on demand.

the Concreit platform offers an innovative and flexible investment experience to anyone interested in capitalizing on the real estate market. It enables consumers to invest gradually; They can add money if it is convenient or financially feasible for them. You can benefit too Auto-invest planning to increase potential returns even faster due to the compounding properties. Additionally, Concreit automatically reinvests dividends to support seamless compounding, but unlike investors in traditional real estate funds, Concreit investors can schedule payouts whenever they want access to their money, subject to availability and approval; Dividends can be paid weekly.

Early investors have increased their total contributions five-fold on average over the life of their accounts (6). Given this early pull, Concreit is now ready to officially launch and promote its platform so that more consumers can benefit.

“Concreit is my perfect way to disconnect from Wall Street public markets and unlock the potential for significant weekly dividend payouts,” said Brandon T., a New Jersey Concreit investor. “The automatic instant earn function is not offered by other fintech companies. Concreit was a fantastic addition to diversify and complement my overall portfolio. “(7)

Humble beginnings

Concreit was founded by Hsieh and Jordan Levy, two serial entrepreneurs who previously founded and launched the successful VoIP communications platform Flowroute. After acquiring Flowroute in 2018, Hsieh and Levy wanted to build a company that could help ordinary people become financially more secure. Hsieh, a second generation immigrant, grew up from humble beginnings in his family’s restaurant, where they shared a dream of real estate for financial freedom.

Likewise, Levy grew up watching his parents build a small construction company from scratch. He was intrigued by the idea of ​​passive income from single-family homes, but was disillusioned with the costs, risks, and the hassle of managing your own single-family home investments. Based on this formative experience and technology expertise, Hsieh and Levy set out to develop a mobile-first offering that could enable retail investors to capitalize on real estate without having to fix at 2 a.m. on a Saturday . With Concreit, people benefit from the financial advantages of real estate investment without complications.

“What Concreit has built is incredibly difficult to do from both a technological and regulatory perspective, but Sean and Jordan are absolutely determined to make it not only a viable investment platform but also a standout for the most inexperienced, passive investor and rewarding experience, ”said Dana Stalder of Matrix. “The profitability speaks for itself and the flexibility that Concreit enables should motivate everyone to invest in real estate.”

Available now, there are no fees to invest on the platform or mobile app. Download it from the App Store or Google Play and start your investment journey with Concreit today.

About Concreit

Concreit opens the opaque world of private real estate investments to the masses. The free mobile app enables consumers to invest as little as $ 1 in a fund managed by a team of investment professionals. Withdrawals can be requested at any time through the app and sent after approval, making it easier than ever for investors to achieve their financial goals. Based in Seattle, Concreit is backed by fintech experts and top technologists, including Matrix Partners, Hyphen Capital, Jon Stein, Andy Liu and Ben Elowitz.

Securities offered by Dalmore Group, LLC, a member of FINRA & SIPC.

1. Investing in real estate carries risks such as the possible loss of capital. A real estate portfolio is subject to similar risks as direct ownership of real estate and real estate debt because the investments are sensitive to factors such as changes in real estate value and property taxes, interest rates, cash flow of the underlying real estate, real estate assets, supply and demand, and the management skills and creditworthiness of the issuer and borrower . Portfolios focused on real estate investments may be subject to price volatility and other risks related to nondiversification. US real estate investments can also be affected by tax and regulatory requirements. Economic factors, market conditions and investment strategies all affect the performance of a portfolio and there is no guarantee that a portfolio will meet or outperform any particular benchmark. There is no guarantee that the investment objectives will be achieved and past performance is not an indication of future results. Concreit is not a bank and does not offer FDIC insured accounts.

2. Withdrawals on demand mean investors can request withdrawals at any time, subject to the manager’s approval.

3. Concreit Fund 1 LLC is currently a private equity real estate fund intending to opt for REIT status if eligible.

4. The annualized return was calculated from July 1, 2020 to July 1, 2021 of the investments in Concreit Fund I LLC, a private real estate fund.

5. Edward N. Wolff. National Bureau of Economic Research. “Household Wealth Trends in the United States, 1962-2016: Has Middle Class Wealth Raised?” November 2017. https://www.nber.org/papers/w24085

6. These data have been averaged from all investors who registered between July 1, 2020 and August 31, 2020 and calculated by May 31, 2021.

7. The individuals who provide the testimonials on this website have experience of Concreit’s services. Your respective experiences with Concreit may not be representative of all other Concreit customers. Concreit does not pay for testimonials. Testimonials are not a guarantee of future performance or success with respect to any product, transaction or service.