2014 Real Estate Crowdfunding Data

A review of the 506(c) filings for the final three months of 2014 reveals that advertised private placements is steadily becoming a tool of real estate equity raising.  In particular, California, Texas and New York are the most popular states among operators who are raising equity with accredited investor crowdfunding.  In particular, Patch of Land, Inc takes the prize for most filings with 31 (more filings than operators in Texas and New York combined during the fourth quarter).

For the period from September 2013 (when 506(c) became effective) and 12/31/2014, real estate equity raises account for approximately 25% of all equity raises (554 of the 2417 filings) using advertised private placements, aka accredited crowdfunding.   We predict that this trend will continue in 2015.
Real estate crowdfunding 506(c) deals 2014CrowdMason506cfilings-info3