Yieldstreet, a prominent online real estate investment platform catering to institutional and high-net-worth investors, has recently acquired Cadre. The combined value of investments on both platforms exceeds $9.7 billion, with a total allocation of $5.3 billion and returns of $3.1 billion to date.
With this acquisition, Yieldstreet aims to provide investors with access to more top-quality investment opportunities from institutions while also offering enhanced liquidity through a secondary market and innovative ways to invest in private markets. Ryan Williams will continue as CEO of Cadre and take on the role of Global Head for Institutional Partnerships & Clients at Yieldstreet.
According to Michael Weisz, CEO and Founder of Yieldstreet: “Through our successful consolidation strategy within the industry’s leading platforms, we have cemented our position as leaders in this field while accelerating our growth trajectory.” He further adds that they are looking forward to providing investors with even more institutional-grade investments options along with improved liquidity options through secondary markets by 2024.
The post announcing the acquisition is titled “Yieldstreet Acquires Prominent RE Investment Platform” instead.
