Midtown-based real estate investment banking firm the Carlton Group launched a crowdfunding website today for accredited investors.
The firm, which has access to about $10 billion in real estate deal flow every year, would co-invest its own funds in each transaction. The equity investment would range from $1 million to $20 million per investor. The size of the deals could run from $20 million to as much as $100 million, the firm said in a release.
Navish Chawla, chief investment officer at Carlton, said the program “will level the playing field and allow high net worth investors to independently and objectively underwrite and value specific real estate assets for investment.”
In February, Kevin Swill, the former president of a financing arm of the Kushner Companies, was hired to serve as the first chief operations officer of Carlton, as previously reported. — Mark Maurer