Investment firm Yieldstreet is acquiring online real estate platform Cadre for an unspecified amount.
Cadre is a commercial real estate investment manager that invests alongside individuals and institutions on its tech-driven platform.
Michael Weisz, CEO of Yieldstreet, said: “Yieldstreet set out to create a category eight years ago. Today, we are leading the industry forward and setting the stage for accelerated growth, both organic and inorganic. We will continue to pursue strategic opportunities to increase revenue, enhance profitability, drive operating synergies, and unlock new channels for distribution or exceptional technology.
“Expanding complementary distribution channels and markets beyond the US, investment portfolios and capabilities with Cadre is just the beginning. We are thrilled to welcome Cadre to the Yieldstreet family.”
Ryan Williams, founder and CEO of Cadre, said: “After nearly a decade of building a top-tier real estate investment platform that has generated compelling returns for institutional investors, we are incredibly proud to take the next step in our journey to broaden access to institutional real estate and other alternative asset classes alongside Yieldstreet.
“Together with Yieldstreet, we look forward to helping expand institutional distribution and broadening its offering of institutional-caliber products and innovative solutions that reduce friction for investors in private markets.”
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