Alternative investment platform Yieldstreet announced that it has agreed to acquire Cadre, an online real-estate investment platform. Cadre had raised more than $133m from investors such as Andreessen Horowitz, General Catalyst, Khosla Ventures, Goldman Sachs and Thrive Capital.
The two companies have a collective investment value — defined as the combined capitalized transaction value in real estate equity plus committed amounts across all other investments since inception in 2014 and 2015 — of more than $9.7 billion. Investors have allocated a combined $5.3 billion on the platforms and received $3.1 billion in returns to date, according to a statement by Yieldstreet. Together, Yieldstreet and Cadre serve more than 500,000 members across eight institutional and retail distribution channels — 450,000 of which come from Yieldstreet and 50,000 from Cadre. Both companies are based in New York.
https://techcrunch.com/2023/11/30/yieldstreet-to-acquire-real-estate-investment-platform-cadre/