Real Estate Startup Backed By Kushner Seeks $65M In Funding
Cadre, a real estate investment platform, is seeking $65M in a new round of funding.
If Cadre’s fundraising is successful, it will achieve a valuation north of $800M, the Information reports. The company was founded in 2015 by Ryan Williams, formerly of Blackstone Group, and Joshua and Jared Kushner. It allows wealthy people to invest $500K or more into properties as if they were stocks.
Cadre has generated more than $1B in real estate deals since its launch, according to inc.com, which reported in May the platform had raised more than $70M from prominent names, including Peter Thiel and Jack Ma. The e-commerce platform’s website also lists New York City REIT SL Green, Goldman Sachs and the Ford Foundation among its investors.
Cadre also has a $250M credit line from George Soros' family office, The Real Deal reports.
Jared Kushner continues to own part of Cadre through his investment firm, BFPS Ventures, which became a major point of criticism when Kushner did not disclose his stake in the firm after joining the White House team of his father-in-law, President Donald Trump.
