As Fortune was first to report yesterday, Yieldstreet is acquiring Cadre, a real estate investment platform with a mission to democratize access to investing, particularly in commercial real estate. While the transaction is subject to regulatory review, their goal is to become a leader across the real estate and alternatives investment industry. Cadre has raised $133 million from Thrive Capital, Andreessen Horowitz, Khosla Ventures and others; its latest valuation was $800 million, according to Forbes. Cadre did things differently, focusing on real estate, but Williams has always wanted to move beyond the sector. Weisz echoed Williams on the challenges surrounding commercial real estate over the past year, while stressing that it’s a priority to focus on real estate moving forward.

Source: Forbes December 02, 2023 03:57 UTC