Real Estate Investor Magazine South Africa October 2014 | Page 58
CROWDFUNDING
BY SCOTT PICKEN
Real Estate
Crowdfunding
An American or a global thing?
“Top Crowdfunding Sites for
Real Estate” – headlines like this
keep coming up, but how are these
crowdfunding sites judged and
on what basis are they ranked?
T
he vast majority of these reports include
only US crowdfunding sites. For example, in
one recently published article, Prodigy was
ranked at number 11, and yet the size of their deals far
surpasses anything which has happened in US.
Local players
Wealth Migrate has just closed a $16.1 million medical
portfolio in Atlanta, US, raising capital from investors
on five continents: Asia, Africa, Australasia, Europe
and North America. Investors from the US constituted
less than 10% of the investors.
This deal adds significantly to Wealth Migrate’s
already impressive track record. Wealth Migrate also
has an extensive pipeline of deals in some of the best
real estate markets globally, which are in final due
diligence stage.
Global Real Estate Marketplace
This is why Wealth Migrate is recognised as the
Global Real Estate Marketplace. To further endorse
this, Wealth Migrate has been asked to be MIPIM’s
real estate crowdfunding partner, sharing with
MIPIM delegates the exciting future of real estate
crowdfunding. MIPIM, the world’s leading global real
estate event, is held in Cannes in France annually and
brings together the most influential players from all
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October 2014 SA Real Estate Investor
international property sectors worldwide. For 25 years,
MIPIM has undisputedly been the most important
global real estate event.
The future
At Wealth Migrate, we are extremely grateful that both
the US and the rest of the countries worldwide are
waking up to the staggering opportunities real estate
crowdfunding is opening up globally.
We are fortunate to already have decades of
experience in helping people invest internationally
and to have a broad range of partnerships already
established. Crowdfunding has allowed us to enhance
this platform extensively, which will benefit everyone
involved.
We are particularly excited about the fact that
crowdfunding brings us another step closer to our
vision of doubling the number of people globally who
benefit from the wealth created by real estate. Currently,
49% of the world’s wealth is held in real estate and yet
only 12.9% of the world’s population has access to real
estate. We want to double this number to at least 25%
by 2020. Milestones such as our presence at MIPIM
will show more people what is possible when real estate
meets crowdfunding.
RESOURCES
Wealth Migrate
www.reimag.co.za