ATLANTA, Oct. 10, 2013 (GLOBE NEWSWIRE) -- CrowdVested, a crowdfunding platform focused on commercial real estate, officially launches today in Atlanta. CrowdVested offers real estate developers a fundamentally new way to raise capital and provides everyday people a vehicle to invest in commercial real estate deals.
Until recently, crowdfunding has been limited to people wanting to make donations or to buy goods; it has not been possible to truly invest in a great idea and receive a share of the profits. CrowdVested operates under the Invest Georgia Exemption, which allows Georgia residents to crowdfund investments within the state. Georgia is one of only two states in the country that has legalized crowd investing.
"We saw an opportunity to fill a void in the Georgia real estate market," said Grady Thrasher, CEO of CrowdVested, who has extensive experience in business law and working with startups. "CrowdVested offers another way for local projects to get the last chunk of financing that they need, and equally important, it gives investors a way to profit from real estate projects that help their communities."
CrowdVested enables real estate developers to raise funds for new projects by offering equity shares to Georgia investors, whether accredited or non-accredited. Thrasher said real estate is a perfect fit for crowd investing. It is the foundation of local business, and the vast amounts of public information available helps investors to fairly evaluate proposed projects. CrowdVested will feature both redevelopment and new construction projects, ranging from multifamily projects to office buildings to neighborhood gyms.
"With a minimum investment of $500, we are opening up the real estate market to all investors," Thrasher said. "Plus, it's a great way to build community support for a project. Real estate projects can have such a profound impact on a neighborhood, so it's important that local people have the opportunity to get involved."
CrowdVested is a Georgia-based online crowdfunding platform dedicated solely to the Georgia real estate industry. It is an innovative new way for Georgia residents to invest in real estate projects here in our state.
We are investment-focused and passionate about improving Georgia's communities. Our mission is to connect sponsors of great real estate projects with investors seeking not only a return on their investment but also a shared passion and vision for bettering our local communities.
CrowdVested opens real estate investment up to all Georgians, restoring the input and influence local communities have historically enjoyed while broadening the investment opportunities available to everyone. No longer are project sponsors limited to seeking funding from distant institutions and the wealthiest in our society. Through our platform, Georgia-based companies can now sell equity shares to both accredited and non-accredited Georgia residents.
CONTACT: For more information, Contact: Caroline Wilbert (404) 405-6479 firstname.lastname@example.org