Cardone Capital opens real estate fund for non-accredited investors
Cardone Capital, a Miami-based multi-family investment firm, has opened a Regulation A Crowdfunding Offering, Cardone Equity Fund V. This fund allows non-accredited investors to invest in large, cash-flow positive commercial real estate deals typically reserved for institutions and high net worth investors.
Cardone Equity Fund V was quietly opened to Grant Cardone’s family, friends, and customers over the Christmas holidays and filled $20 million in funds over the holiday weekend.
“Cardone Capital is disrupting the real estate industry and changing the way people invest in great real estate. I’m excited to offer non-accredited investors the opportunity to own a piece of properties typically owned by the super wealthy,” says Grant Cardone, CEO of Cardone Capital.
Cardone has accumulated over USD800 million in holdings before starting his crowdfunding efforts. In 2018, Cardone opened three funds, all of which were over-subscribed resulting in over USD100 million in raised funds.
“Grant Cardone is the first person to put together both real estate expertise and a huge social media following to create a successful crowdfunding platform. Investors are now able to invest directly into real assets and partner with him. With both accredited and non-accredited funds available, Cardone Capital is positioning to be the industry leader in 2019,” says Ryan Tseko, Portfolio Manager of Cardone Capital.
Cardone has been investing in real estate for 30 years and controls over 4,500 units from Texas to Florida, all of which are affordable multi-family rentals. The group has closed over USD400 million in deals in 2018 and is soon set to close another USD150 million putting the group over USD1 billion in holdings.
“We’re extremely pleased to announce that non-accredited investors have the opportunity to invest with Cardone Capital. This finally gives the less experienced, less capitalised investor access to the kind of deals usually reserved for big players on Wall Street,” says Sheri Hamilton, Chief Operations Officer of Cardone Capital.