Yieldstreet’s Acquisition of Cadre: Expanding Real Estate Investment Opportunities

Alternative investment platform Yieldstreet announced today that it has agreed to acquire Cadre, an online real-estate-focused investment platform aimed at institutional and high net worth investors. Financial terms of the deal were not disclosed. Founded in 2015, Yieldstreet gives people a way to invest in areas like real estate, marine/shipping, legal finance, commercial loans and other opportunities that were previously only open to institutional investors. Milind Mehere and Michael Weisz co-founded Yieldstreet with the mission of making investing more inclusive for non-institutional investors. Cadre, founded by Ryan Williams and Joshua and Jared Kushner in 2014, is an online marketplace that helps connect accredited investors to real estate operators. It claimed to give investors a way to delve into commercial real estate deals in “a far more transparent way.” 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. Both companies are based in New York. Williams will remain CEO of Cadre and spearhead a new division focused on broadening access to the institutional audience as Yieldstreet’s global head of Institutional Partnerships Clients. TechCrunch has reached out to Yieldstreet for additional details and will update the story as we get them. Want more fintech news in your inbox? Sign up for The Interchange here.