Bloomberg, Time, Fortune cite “Times Realty News” for Real Estate Crowdfunding, see what they said

NEW YORK - Sept. 10, 2015 - PRLog -- Times Realty News (TRN) was recently cited by  leading worldwide publications Bloomberg, Fortune and  Time, in an article on NYC’s first crowdfunded condo to open this month, for tracking  the real estate crowdfunding sites in the United States.

Times Realty News is the first and only real estate crowdfunding news and info site in the world. It is the media stream for the emerging market of Alternative Realty Financing made possible through the JOBS Act, Crowdfunding, Regulation A+, Regulation D, Rule 506C and others.

The site chronicles the growth of the real estate crowdfunding platforms, technology and services around the globe. TRN updates its  global list of real estate crowdfunding sites (http://timesrealtynews.com/resources/global-list-of-real-estate-crowdfunding-sites/)  in the United States, Europe, Asia Africa and in the Middle East as soon as a platform is established.

According to the article, the first crowdfunded condominium in NYC has 116 backers that invested at least $20,000 individually raising over $12 million for AKA United Nations. Its opening is a key milestone in U.S crowdfunding landscape. The “delays in the final rulings on the [JOBS] Act could explain why about 90% of the investors for AKA United Nations were located outside the U.S.” Rodrigo Niño, CEO of Prodigy Network where the crowdfunding for this condo took place, told Bloomberg that he is hopeful that crowdfunding can  “break the stranglehold that big institutions and rich elites have on commercial real estate.”

In his article, Silicon Valley is Coming: Top 100 US Real Estate Crowdfunding Sites,  David Drake said that the industry is “increasingly being automated”. Drake is the Founder and Chairman of The Soho Loft Media Group and its division Times Impact Publications (TIP) which publishes Times Realty News (TRN) as well as The Soho Loft NEWS and Family Offices Today.   With crowdfunding platforms, he further elaborated that “everything is becoming available online: developers and real estate entrepreneurs seeking debt or equity financing for their projects and businesses on the one hand, and investors looking to add real estate to their investment portfolio on the other.”

Crowdfunding for real estate is not confined to the United States alone. David Drake also wrote about 10 leading real estate crowdfunding platforms in other parts of the world, that are leading in their respective countries.

He also highlighted the increasing activity of Venture Capitalists (VCs) in the real estate space, not only in the United States but in other parts of the world like the  United Kingdom. From $241 million in 2013,  venture funding in real estate tech startups rose to  $605 million in 2014.

Crowdfunding through online platforms, has grown  from $1.5 billion in 2011 to around $5 billion for the first half of 2014. It is estimated to reach  $10 billion by the end of this year. These figures were reported by UCLA Ziman Center for Real Estate, and have gained Venture Capitalists’  (VCs) attention. More so that projections for  2025 estimate it to be worth $90 billion or more, making it almost twice the size of the entire global VC business today.

The automation of the investing processes have caused a shift in the industry. Goldman Sachs projects that the traditional banking industry could lose 7 percent of its annual profits, roughly about $11 million, in the next 5 years due to growing race with  young fintech startups.  Thus, banks are already buying these platforms or partnering with them to maintain their market dominance.

There is no dearth of investment opportunities in the industry, especially in online  listing and brokerage, property management, crowdfunding and mobile applications.

True to its aim, TRN is creating the most comprehensive listing of real estate crowdfunding company profiles with their project dubbed “Companies in Focus”. TRN will bring all real estate crowdfunding platforms in one place with this project, featuring the type of crowdfunding they do, the specific niche they are working on and where,   the men behind these platforms,  and more. The site will provide  a primer on each real estate crowdfunding platform that any new or seasoned investor, real estate developer, financing group or media can use.  Watch for its launching soon!

About Times Realty News

Times Realty News is the media stream for the emerging market of Alternative Realty Financing made possible through the JOBS Act, Crowdfunding, Regulation A+, Regulation D, Rule 506C and others. It chronicles the growth and development of real estate crowdfunding platforms, technology, and services. It also provides information, resources and a venue for real estate investors, entrepreneurs, developers and professionals in understanding and discussing the new laws and regulations for financial innovation in the real estate industry. Times Realty News is owned and operated by Times Impact Publications under The Soho Loft Media Group.

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