iintoo acquires RealtyShares assets
iintoo which is global real estate investment network, is going through a major growth spurt.
The firm has bought RealtyShares, online real estate investment platform. With the completion of the transaction, intoo’s portfolio of assets under management more than doubles, increasing in value from $1 billion to $2.5 billion.
iintoo closed the RealtyShares purchase two years after its U.S. launch. The 2015-formed, Tel Aviv-based company has been looking to continue its growth through that time.
Shoshana Winter, managing director, U.S. at iintoo, said, “When the RealtyShares announcement was made last fall, this was a clear opportunity to accelerate our growth trajectory by being able to reach a broader audience of qualified investors who had already raised their hands in support of this new form of investing.”
Six year old RealtyShares had skyrocketed to the position of second largest online real estate investment platform in the U.S. before the company closed the door on new deals and established a new brand identity in 2018.
iintoo, which offers investors the opportunity to buy into highly vetted income-generating commercial and multifamily properties in developing markets, has not only secured the 300 active projects of this one-time big fish of real estate crowdfunding, it has gained access to its community of 200,000 registered investors as well. iintoo will manage the RealtyShares investment portfolio through a newly created joint venture with real estate owner and operator RREAF Holdings LLC.
Source: CP Executive
Fulya Altunyay/ [email protected]