Crowd Street
Wei
"Crowdstreet allows individual investors…"
Crowdstreet allows individual investors to diversify their portfolio into commercial realestate. I began investing on crowdstreet since last July. Crowdstreet brought in various deals, investor's due diligence and judgement are needed as any investment contains risk.
The platform is easy to use and quite efficient. I strongly recommend it.
Trevor
"Good follow up"
Good follow up
Benjamin
"I am extremely disappointed that the K1…"
I am extremely disappointed that the K1 tax document for my CrowdStreet fund investment (series V) will not be available until September. I anticipated that K1s from real estate partnerships would arrive late in tax season and possibly create the need to file extensions some years, but September is ridiculous. I will not invest in any other funds on the platform and would advise others to consider this issue. This issue should be prominently disclosed by CrowdStreet.
Andrew
"The more recent experiences with…"
The more recent experiences with offerings kind of left me spinning my wheels wondering if the effort is really worth potentially not being in deals.
Also terms are increasingly becoming less structure from offerings. As cap rates have shrunk this is industry wide though, so not specific to CS. I still refer my friends to the site, and believe it is the best in class platform.
Mike
"Very disappointed in the Falcon Point…"
Very disappointed in the Falcon Point group. Poor communication, disappointing distributions and they seemed to have given focus on their other projects.
Charles
"The way that deals are assigned has…"
The way that deals are assigned has been changing and now appears arbitrary. I have twice submitted offers which were accepted, right at the time the window opened. Twice I have had the initial offer reviewed and approved, but have found the deals to be oversubscribed when I was asked to sign the documents and thus not allowed to invest. On both occasions, I have checked back in the same day, both times, hours after the offers had initially been approved. It feels like to me that the communication and deals are not transparently being assigned. If I sign up as soon as the deal is open and have my offer accepted, I should be given a defined period of time to complete the document offerings. This period could be as short as 12-24 hours, as long as it is communicated and is consistent. At this point, although I have invested nearly a half million with crowdstreet, I am looking for other suppliers.
beg
"Your funding process needs improvement"
Your funding process needs improvement
Either have a direct wallet payment so we don’t have to run to wire the payment the process will be a lot smoother alao
Edward Bornstein
"Do your homework and don’t rely on…"
Do your homework and don’t rely on others to do it for you......
DONALD MILLER
"Getting harder and harder to have…"
Getting harder and harder to have offers accepted. Last deal was less than 2 minutes before becoming over subscribed
Customer
"Platform is still good but investment…"
Platform is still good but investment oppty are difficult to get in. Looks like you may have too much demand and no supply.
I have participated in 12 deals across different geography and assets.
Performance: Just ok. Though we are facing unprecedented times none have performed exceptionally well and some deals are struggling.
Transparency: CS can do better. Seems like CS only cares about raising fund after that we left on our own. You guys need to scrub projections better, seems to me sponsors are paining rosy picture which may be aggressive at times. I am not sure how accurately or completely you disclose performance on realized deals for checking track record
CR: could be better, asking to fill out survey forms means you are getting very big and no more niche or boutique.
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