ATLANTA ((May 16, 2014) - Commercial real estate is the ideal vertical for crowdfunding, according to a new white paper from CrowdVested. CrowdVested, a Georgia-based online crowdfunding platform for real estate, is currently hosting its first campaign, a retail project in East Atlanta with Paces Properties.
CrowdVested and Paces Properties celebrated the start of equity real estate crowdfunding in Georgia Thursday night at The Glenwood in East Atlanta. The Glenwood Pub is part of the Glenwood Avenue Retail property Paces plans to acquire, and CrowdVested will enable Georgia residents to invest in the renovation of the building.
Dozens of neighbors and friends packed the pub to talk about how they could own a piece of their neighborhood. The local residents who attended included Sibley Fleming, national real estate editor of Bisnow, and former Atlanta Journal-Constitution reporter Kristi Swartz, now Southeast bureau chief of EnergyWire.
In the photo above, Bisnow's Sibley Fleming interviews CrowdVested founder and CEO Grady Thrasher outside The Glenwood.