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EquityMultiple

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EquityMultiple is a United States-based real estate investment company offering commercial real estate investments to accredited investors through an online crowdfunding platform. Founded in 2015, the company is headquartered in Manhattan, New York City.[1]

History

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EquityMultiple was established in 2015 by Charles Clinton, a former real estate attorney at Simpson Thacher & Bartlett, and Marious Sjulsen, who worked in the private equity field.[2][3]

In 2018, EquityMultiple secured venture funding from a group of real estate and finance professionals, including Kenneth Pasternak, co-founder of Knight Capital Group.[4] The same year, the company partnered with real estate developer Youngwoo & Associates to launch an investment fund dedicated to Opportunity Zone investments.[5][6]

In 2021, EquityMultiple reported closing $115 million in new investments.[7] In 2022, EquityMultiple received an investment from Larson Capital Management.[8] That year, the company transitioned from Regulation D 506(b) to 506(c) under U.S. Securities and Exchange Commission regulations.[9]

In 2023, EquityMultiple formed a partnership with Marcus & Millichap, a commercial real estate brokerage firm.[10][11][12][13][14] In January 2024, Marcus & Millichap made an equity investment in EquityMultiple.[15] The partnership also coincided with the formation of EquityMultiple Investment Partners (EMIP), focusing on the supply side of the platform.[16]

Business model and services

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EquityMultiple operates an online platform open exclusively to accredited investors. The platform's investment offerings include single-property investments, funds, and short-term notes backed by real estate.[9]

EquityMultiple Investment Partners (EMIP)

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EquityMultiple Investment Partners (EMIP) is a subsidiary of EquityMultiple originating private equity and private credit investments for middle-market commercial real estate sponsors and developers, which are then offered on the EquityMultiple platform.[17][18]

Corporate affairs

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Charles Clinton serves as the CEO of EquityMultiple.[1] The company employs an investment team responsible for conducting due diligence on potential investments.[1]

References

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  1. ^ a b c "EquityMultiple: An Interview with CEO Charles Clinton". Physician on FIRE. 2021. Retrieved 2024-09-03.
  2. ^ "Marious Sjulsen - Co-Founder & CIO - EquityMultiple". LinkedIn. Retrieved 2024-09-03.
  3. ^ "Marious Sjulsen". Connect Conferences. Retrieved 2024-09-03.
  4. ^ "EquityMultiple". MoneyMade. 2024. Retrieved 2024-09-03.
  5. ^ Rothstein, Matthew (2018). "Youngwoo, EquityMultiple To Raise $500M To Invest In Opportunity Zones Across The U.S." Bisnow. Retrieved 2024-09-03.
  6. ^ Small, Eddie (2018). "Youngwoo, EquityMultiple plan to launch $500M national opportunity zone fund". TheRealDeal. Retrieved 2024-09-03.
  7. ^ Banister, Jon (2024). "The Music Has Stopped For Once-Booming Real Estate Crowdfunding Platforms". Bisnow. Retrieved 2024-09-03.
  8. ^ "Larson Capital Management". CB Insights. 2024. Retrieved 2024-09-03.
  9. ^ a b "EquityMultiple Review 2023: Exclusive Commercial Real Estate Deals". Retire Before Dad. 2023. Retrieved 2024-09-03.
  10. ^ "Marcus & Millichap Enters Strategic Partnership with EquityMultiple". Business Wire. 2023-05-10. Retrieved 2024-09-03.
  11. ^ "EquityMultiple Partners with Marcus & Millichap to Deliver Best Real Estate Investment Products". Accesswire. 2023-11-22. Retrieved 2024-09-03.
  12. ^ Mills, Taylor (2024). "Marcus & Millichap Invests in Tech Platform". San Fernando Valley Business Journal. Retrieved 2024-09-03.
  13. ^ Sherman, Erik (2024). "Big CRE Firms Keep Investing in Proptech Companies". GlobeSt. Retrieved 2024-09-03.
  14. ^ Shaffer, Brynn (2024). "Marcus & Millichap Gets Proptech Right". San Fernando Valley Business Journal. Retrieved 2024-09-03.
  15. ^ Shaffer, Brynn (2024). "Marcus & Millichap Gets Proptech Right". San Fernando Valley Business Journal. Retrieved 2024-09-03.
  16. ^ "Marcus & Millichap Partners with EquityMultiple/EMIP". EM Investment Partners. 2023. Retrieved 2024-09-03.
  17. ^ "EM Investment Partners". EM Investment Partners. 2023. Retrieved 2024-09-03.
  18. ^ "Crowdfunding". Marcus & Millichap. 2023. Retrieved 2024-09-03.