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

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

TRD MIAMI /
Jun.June 02, 2017 12:15 PM

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 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 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
Michael S. Liebowitz and Russell Galbut (Linkedin)

Russell Galbut and partner launch blank check company, plan to raise $100M

Russell Galbut and partner launch blank check company, plan to raise $100M
Southland Mall, 20505 South Dixie Highway in Cutler Bay with JLL's Tom Hall and Danny Finkle (Google Maps, JLL)

Southland Mall’s troubled $65M CMBS loan for sale

Southland Mall’s troubled $65M CMBS loan for sale
Alan Ojeda and 8894 NW 44 Street in Sunrise (Google Maps)

Rilea Group scores $46M construction loan for Sunrise apartments

Rilea Group scores $46M construction loan for Sunrise apartments
Yard 8 and Wood Partners CEO Joseph Keough (Courtesy of ACRE)

Wood Partners lands $86M refi for Midtown Miami apartments

Wood Partners lands $86M refi for Midtown Miami apartments
Masoud Shojaee and a rendering of Shoma Village 

Shoma Group scores $67M loan for mixed-use Hialeah project

Shoma Group scores $67M loan for mixed-use Hialeah project
Housing Trust Group CEO and president Matt Rieger and Hudson Village renderings

HTG scores financing for Hollywood affordable housing project

HTG scores financing for Hollywood affordable housing project
As resi brokers in South Florida report an uptick in sales and rentals largely fueled by homeowners fleeing dense markets like New York, office brokers say they’re starting to see a similar trend play out among tech firms. (iStock)

More tech firms eye Miami as Covid carries on

More tech firms eye Miami as Covid carries on
 Rendering of Father Marquess-Barry Apartments with Matt Rieger

HTG scores financing for senior affordable housing in Overtown

HTG scores financing for senior affordable housing in Overtown
arrow_forward_ios

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

Loading...