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

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

TRD LOS ANGELES /
Jun.June 02, 2017 11:30 AM
Cadre co-founders Jared Kushner, Ryan Williams and Joshua Kushner

From TRD New York: 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 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, the Information reported.

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
From left: Gavin Newsom and David Chiu (Credit: Getty Images and iStock)

Will rent control dent the multifamily market? Lenders, investors weigh in

East LA Community Corporation President Isela Gracian, CIT Bank President Robert Rubino and the two projects

East LA Community Corp. lands $55M in loans for affordable housing projects

Acres Capital CEO Mark Fogel with a rendering of project

Chateau Group scores $44M bridge loan to build Marriott-branded hotel in Arcadia

Colony Capital's Thomas Barrack

Tom Barrack’s Colony Capital snags $1.7B refi on healthcare properties

Joon Choi, principal at Harbor Associates, and 2400 Conejo Spectrum Street (Credit: Google Maps)

Harbor Associates leases up then sells off its Thousand Oaks office park

Geoff Palmer and Orsini II

Geoff Palmer nabs $128M refinancing on DTLA resi complex

Abhi CVK and Rashid Aziz

New platform that automates real estate transactions just launched

Nextdoor CEO Sarah Friar and the Nextdoor app

There goes the neighborhood: Nextdoor social networking app in expansion mode

arrow_forward_ios