Kushner-backed Cadre wants to raise $65M at $800M valuation

Investment platform has already raised around $68M and secured Soros credit line

New York /
Jun.June 01, 2017 07:06 PM

The Jared Kushner-backed real estate investment platform Cadre is looking to raise $65 million in venture funding.

The funds, if raised, would give Cadre a valuation of more than $800 million, the Information reported.

The startup, founded in 2015 by Blackstone Group alum Ryan Williams and Joshua and Jared Kushner, has already raised around $68 million from investors including Alibaba’s Jack Ma, former Vornado Realty Trust exec Michael Fascitelli and Island Capital Group’s Andrew Farkas.

Cadre also landed a $250 million credit line from George Soros’ family office, as The Real Deal first reported in January.

Cadre acts as a real estate crowdfunding platform for high-net-worth individuals. The company will invest in commercial real estate deals using the credit line, and then make them available to investors online through its members-only platform. The company has been coy about disclosing what and how many deals it participated in.

Jared Kushner TRData LogoTINY played a key role in growing the company, but omitted his stake in government disclosure forms when he joined his father-in-law President Trump’s administration, according to a recent report in the Wall Street Journal. [The Information] — Konrad Putzier


Related Articles

arrow_forward_ios
With a cooling trade war, stocks perform well, including real estate. (Credit: iStock)
Real estate stocks push up this week as U.S.-China trade tensions ease
Real estate stocks push up this week as U.S.-China trade tensions ease
Eric Gordon
Eric Gordon on the evolution of the residential data game — and how to stay competitive in the new world
Eric Gordon on the evolution of the residential data game — and how to stay competitive in the new world
Big Tech locations in NYC
MAP: Here’s a look at all the Big Tech locations in NYC
MAP: Here’s a look at all the Big Tech locations in NYC
Acore Partner Warren de Haan. (Acore, Getty)
Acore Capital raises $1B to provide rescue cash to hotels
Acore Capital raises $1B to provide rescue cash to hotels
 61 Bond Street in Brooklyn, iStar's Jay Sugarman and GFI's Allen Gross (Photos via Google Maps, iStar and Urban Land Institute)
GFI sells ground under Ace Hotel in Brooklyn for $45M
GFI sells ground under Ace Hotel in Brooklyn for $45M
AKA United Nations at 234 East 46th Street (Google Maps, iStock)
Bank forecloses on Prodigy’s AKA United Nations hotel building
Bank forecloses on Prodigy’s AKA United Nations hotel building
From left: 410 Tenth Avenue, 100 Park Avenue, a rendering of 230 East 20th Street, a rendering of 30 Morningside Drive, SL Green's Marc Holliday (Photos via Google Maps, Getty, Gramercy Square, 30 Morningside Drive/Illustration by Kevin Rebong for TRD) 
These were the largest Manhattan real estate loans in January
These were the largest Manhattan real estate loans in January
Ron Perelman with 27-33, 35 and 41 East 62nd Street (Getty; Google Maps)
Citi looks to sell $193M in defaulted loans on Ron Perelman’s buildings
Citi looks to sell $193M in defaulted loans on Ron Perelman’s buildings
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...