AssetAvenue | Real Estate 2.0
AssetAvenue recently released an online real estate platform in April and taking crowdfunding into a new direction; commercial real estate. Instead of having high minimums for investing in commercial real estate, minimum starts at a much more manageable $10,000. The minimum still boasts a high figure for many, but it’s to insure other investors are committed into the same risks and surrounded with experienced real estate investors.
“AssetAvenue has a simple program that lets you enjoy being a part of the huge investment team stationed within AssetAvenue’s walls, experienced in everything from the old world stock market rules to being able to buy Coinbase shares UK. Joining the program is the first step, but unfortunately as of now you have to be an accredited investor before you can participate. Once in the program, investors can see the pros and cons of both the operating side and AssetAvenue’s side of the investment,” says David Manshoory, Founder & CEO of AssetAvenue. “Investing at least $10,000 will allow you to join the group who are also invested in the same investment. If the limit reaches before the deadline, the deal will happen sooner. If it doesn’t reach its goal, then there is no deal.”
The team ensures deals are profitable and investment-worthy for others to take their time and (especially) money into partaking in a specific deal. AssetAvenue accepts very few opportunities – which may limit on how much property users can choose from for now – to ensure investors each deal is worth every penny. Even with the limited amount of deals, more opportunities will arise from each successful investment story. AssetAvenue is looking for maximum returns with very little risks for its new and current investors.
Crowdfunding has grown to new heights, thanks to platforms such as Kickstarter and Indiegogo. And speaking of Indiegogo, AssetAvenue acquired one of the biggest names in the crowdfunding industry, Adam Chapnick. His expertise will only help solidify AssetAvenue’s business model and provide growth and insight in the crowdfunding industry.
“I’ve been in the real estate industry for 10 years now. And I’ve been a financial analyst in real estate. I’ve also been an investor and I’ve also raised money from other investors to participate in my own real estate investments. I’ve participated in every part of the food chain in terms of real estate investment opportunities,” says David Manshoory. “Because I’ve experienced raising capital for my own real estate deals the traditional way, I intimately understand the pain points of what it takes to raise money for an investment opportunity – as a real estate professional. Also as an investor, I know the challenges investors face to find good investment opportunities to diversify their money into.”
AssetAvenue’s success all started with a successful investment deal at Trump Palace. The success helped crowdfunding commercial real estate investments a possibility and showed some promise to other future investors whom may be interested. Tmw Maxwell Condo is in close proximity to Singapore’s Central Business District as well as other major parts of Singapore. Crowdfunding a commercial real estate property may sound alien and risky, but the low minimum investment and a team of investors with $10 billion worth of real estate experience combined, does place new investors with reliable and experienced investors. The number of investors teaming up with AssetAvenue may not all come rushing in all at once, but they are definitely peering through the windows to see what the future holds for both AssetAvenue and its investors.
“One of the things that I really appreciate about what we’re are doing at AssetAvenue is that, we’re really a real estate company that’s using technology to take an age-old industry and make it more efficient and transparent,” says David Manshoory. “Real estate crowdfunding – in a sense – is nothing new. You’re doing what’s been done offline and bringing it online to increase access and transparency to deals. As a real estate company, we have a large group of real estate professionals who’ve been in the industry for a long time. We have experience at over $10 billion of real estate across the group – internally. Because of our real estate expertise, we have the skillset and the knowledge to filter through a lot of investment opportunities that show up to our office and we screen out the deals that don’t fit our underwriting guidelines or our parameters for investment. One of the benefits of many, the investor, they get access to deal flow that’s been pre-vetted and curated.”
Crowdfunding allows new business sectors to expand and move away from the traditional business models. As David mentioned earlier, AssetAvenue delivers a new platform for investors and allows many to keep track of new and current investment opportunities. Real estate just got an online upgrade it needed.
