Key Takeaways
- • YieldStreet agreed to acquire real estate investment platform Cadre for an undisclosed amount, marking its third acquisition, per the primary report.
- • Upon closing, the combined platform will hold more than $9.7 billion in investment value and serve more than 500,000 investors across eight institutional and retail distribution channels.
- • Across both platforms, investors have allocated $5.3 billion and received $3.1 billion in returns to date.
- • Cadre CEO Ryan Williams will lead YieldStreet's new division focused on building an institutional audience.
- • Publisher context indicates the deal was announced around November 30, 2023 and completed on January 23, 2024.
Summary
YieldStreet, a New York-based alternative investment platform founded in 2015, has agreed to acquire Cadre, a real estate investment platform, in a transaction whose financial terms were not disclosed. The announcement marks YieldStreet's third acquisition. YieldStreet offers access to a range of asset classes, including art, real estate, legal, corporate, consumer, and commercial assets, through single investments or funds, and also offers short-term notes with terms of three to six months.
Cadre, headquartered in New York and founded in 2014, provides fractional commercial real estate investment opportunities as well as access to funds holding multiple commercial real estate assets. According to the primary report, Cadre had raised $133 million. Cadre Founder and CEO Ryan Williams will lead YieldStreet's new division focused on building an institutional audience.
Once the acquisition is finalized, the combined business will hold an investment value of more than $9.7 billion and serve more than 500,000 investors across eight institutional and retail distribution channels. Across the two platforms, investors have allocated $5.3 billion and received $3.1 billion in returns to date. Williams framed the deal as a step toward broadening access to institutional real estate and other alternative asset classes, citing nearly a decade of building a real estate platform that has generated compelling returns for institutional investors.
Publisher context indicates YieldStreet announced a definitive agreement on November 30, 2023, and completed the acquisition on January 23, 2024. The deal is consistent with YieldStreet's strategy of expanding its alternative asset offerings and its push into institutional and high-net-worth channels.
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Cadre, headquartered in New York and founded in 2014, provides fractional commercial real estate investment opportunities as well as access to funds holding multiple commercial real estate assets. According to the primary report, Cadre had raised $133 million. Cadre Founder and CEO Ryan Williams will lead YieldStreet's new division focused on building an institutional audience.
Once the acquisition is finalized, the combined business will hold an investment value of more than $9.7 billion and serve more than 500,000 investors across eight institutional and retail distribution channels. Across the two platforms, investors have allocated $5.3 billion and received $3.1 billion in returns to date. Williams framed the deal as a step toward broadening access to institutional real estate and other alternative asset classes, citing nearly a decade of building a real estate platform that has generated compelling returns for institutional investors.
Publisher context indicates YieldStreet announced a definitive agreement on November 30, 2023, and completed the acquisition on January 23, 2024. The deal is consistent with YieldStreet's strategy of expanding its alternative asset offerings and its push into institutional and high-net-worth channels.
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