Brothers Jared and Josh Kushner have launched Cadre, a real estate investment vehicle that aims to connect institutional investors with opportunities in gateway markets, Globe.St.com reported.
Ryan Williams, co-founder and CEO of Cadre, said in a recent interview to the Real Deal, “We’re looking to provide greater access to thoroughly institutional deal flow.”
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Investors can use the platform to monitor and target specific deals rather than dedicate funding into pools known as real estate investment trusts (REITS), which don’t allow them to pick the most beneficial deals.
So far, Cadre has raised $18.3 million in its Series A round of funding while being led by Thrive Capital, a venture capital firm founded by Joshua Kushner.
Additionally, General Catalyst Partners is getting ivolved, having already invested in Airbnb and Snapchat.
The founders began working on Cadre in late 2014 and have secured $250 million from a large family office.
Cadre has been in “stealth beta mode, ” but Williams said that investors including family offices and sovereign funds have closed on $50 million worth of deals to date using the platform. Revenues will come through transaction and miscellaneous fees, according to Williams.
