A startup that’s says it’s got 50 to 100 “crowd-funded” commercial real estate projects in the pipeline in the Washington, D.C., area is the subject of an in-depth report by the Washington Post. Five financial advisers who were asked to review one of Fundrise’s latest projects all gave it a thumbs down.
Fundrise co-founder Ben Miller told the Post that while he recognizes that commercial real estate can be a risky business, he’s giving members of the public an opportunity to invest in their own neighborhoods. He suggested that financial advisers may be biased against crowd-funded projects that don’t employ their services. Source: washingtonpost.com.