CrowdStreet and Juniper Square Partner to Usher in the Next Chapter of Digital Transformation for the Commercial Real Estate Industry
SAN FRANCISCO – (BUSINESS WIRE) – Juniper Square, the leading provider of investment management solutions for commercial real estate (CRE), today announced that it has entered into a strategic partnership with CrowdStreet, the leading provider of online fundraising for CRE sponsors, to create a Enable the industry’s first integration that will streamline investment management by synchronizing supply, investor and sales information between the CrowdStreet Marketplace and Juniper Square. To date, CrowdStreet has raised $ 2.2 billion in equity from thousands of accredited individual investors for more than 530 real estate investments.
Joint clients will benefit from the ability to manage investor information related to capital raised through the CrowdStreet marketplace through a seamless end-to-end workflow within Juniper Square. New offers and investor subscriptions are shared between the two systems, and sponsors can create investor materials such as dividends, notices and performance data in Juniper Square for publication in the CrowdStreet Marketplace.
“The integration of our two platforms offers a first-class solution for both online fundraising and investor management,” said Tore Steen, CEO of CrowdStreet. “Successful online fundraising with CrowdStreet often brings hundreds of new investors to a sponsor. Sponsors need a simple and effective way to ensure these investors get the best post-investment experience possible, and the Juniper Square team has developed an advanced platform for managing asset data, documents and automated distributions. The relationship between our two companies and platforms means investors also have a more solid experience as they track their investments and performance. ”
CrowdStreet has also selected Juniper Square as a strategic partner to provide investment management software and services to its sponsors. Current CrowdStreet Connect customers will be seamlessly migrated to the Juniper Square platform as CrowdStreet retires its current investment management software by the end of 2022.
“We are seeing a democratization of private real estate ownership with the rapid rise in crowdfunding,” said Alex Robinson, CEO and co-founder of Juniper Square. “The interest in crowdfunding of our 1,200+ primary care physicians has accelerated rapidly as crowdfunding becomes mainstream, and we are excited to be working with the industry leader in CrowdStreet to provide a better experience for our mutual customers.”
The partnership was designed to support the needs of mutual customers who already trust CrowdStreet and Juniper Square today, including Spaulding & Slye, Trion Properties and JOSS Realty Partners.
“We selected Juniper Square for its leading management convenience and reporting capabilities that enabled us to meet increased investor expectations and increase participation by 20%, exceeding our fundraising goal,” said Samantha Adam, VP of Communications, Spaulding & Slye. “During a particularly difficult economic period, CrowdStreet also enabled us to build our reputation and engagement with new investors, and we are pleased that this partnership enables even greater investor management efficiency that will be invaluable for future fundraising goals . ”
Across Juniper Square
Founded in 2014, Juniper Square is transforming the private fund industry with solutions that provide a more modern, efficient, and effective approach to managing private partnerships. Designed to provide real-time intelligence and workflow to sponsors and their investors, Juniper Square enables forward-thinking GPs to reduce administrative costs, increase investor satisfaction, and raise more capital.
More than 1,200 GPs trust more than 200,000 investors and $ 1.5 trillion in assets. Juniper Square has rapidly grown to become the leading provider of commercial real estate investment management solutions. The company was named Inc. 5000 2021 Fastest-Growing Company in America, Deloitte Technology Fast 500 Company, and One of Forbes’ Best Startup Employers. Learn more at www.junipersquare.com.
About CrowdStreet
CrowdStreet operates an award-winning online commercial real estate investment marketplace that provides accredited investors access to institutional quality offerings and enables sponsors to raise capital and manage their investors online. To date, thousands of individual investors have invested more than $ 2 billion in more than 530 projects and received more than $ 270 million in payouts from over 260 sponsors. CrowdStreet helps create a community where individual investors and commercial real estate companies can work together to build wealth through commercial real estate. More information is available at www.crowdstreet.com.