What’s in a name? As real estate crowdfunding platforms take on their biggest deals yet, it’s becoming clearer that the practice bears closer resemblance to the traditional finance sector than to the populist revolution that was promised.
In the cover story of The Real Deal’s July issue, now available online, we look at whether the crowd still has a place in crowdfunding, and spotlight powerhouse startups such as Fundrise and Prodigy Network.
Also, there is a ranking of residential brokerage royalty. Douglas Elliman had the largest presence on the list with 26 brokers making the cut with a total of $4.1 billion in listings.
Meanwhile, we looked at the quirky cast of Hamptons homeowners who attempted to rent their mansions for huge sums this summer – and how they fared. Over in Manhattan, buyers are gaining leverage in condo deals as inventory ticks higher.
Finally, in our Closing interview, Ron Moelis, CEO of L+M Development Partners, talks about his most crucial life decision and betting on golf.
To read the issue, click here or on the Magazine tab at the top of the website. Enjoy! – TRD