Real Estate Crowdfunding Pros Respond to RealtyShares’ Troubles
November 20, 2018 / John Egan
The crumbling of commercial real estate crowdfunding platform RealtySharesundoubtedly rattled some of its investors. But executives with RealtyShares competitors say this setback doesn’t represent an industry earthquake and shouldn’t shake investors’ confidence in the sector. RealtyShares, which as recently as August had been named a “hot” startup by Inc. magazine, informed investors in early November that it would stop taking new investments and would lay off most of its employees because it was unable to secure more operating capital.