NexusCrowd Closes Downtown Toronto Investment Opportunity
Raised $517,000 for mixed-use commercial real estate development through online platform
Toronto, ON – October 12, 2016 – NexusCrowd Inc. announced today that it has closed its fourth real estate investment offering, raising $517,000. By partnering with Downing Street Realty Partners, NexusCrowd allowed accredited investors to participate in the development of a mixed-use commercial real estate project located in downtown Toronto.
“We have now raised over $2 million for four private real estate investments using our innovative investment platform,” said Hitesh Rathod, CEO of NexusCrowd. “Offering high-quality exclusive investment opportunities to our investors is our top priority and we are excited to announce that we are working on additional partnerships to further expand our product offering.”
About the Transaction 187 Parliament is a 108,000 sq.ft. mixed-use development located on Parliament Street just north of Queen Street East in the Corktown district of downtown Toronto. The development will be part of the transformation of the Corktown district and will be comprised of purpose built live-work rental units that will accommodate the growing demand for this tenure in the Toronto area as well as five floors of office space in response to the growing market demand in this node and the City of Toronto’s desire for more office space in the city core. Downing Street acquired the property in April 2016 and the project is expected to be completed in Q4 of 2019. The equity offering for this project is $4 million of which NexusCrowd raised $517,000 in gross proceeds.
About NexusCrowd Inc. NexusCrowd is the first investment platform in Canada that provides accredited investors with exclusive access to co-invest alongside institutional investors in deals that have reached at least 50% of the funding target.
NexusCrowd is led by a team with expertise in financial services, technology and institutional finance. It’s the only investment platform in Canada registered as an exempt market dealer that uniquely partners with institutions on equity and debt investments. Combined with proprietary investment and fundraising technology, NexusCrowd provides a simple, transparent process for accredited investors, and a frictionless way for partners to raise new capital. For further information, visit www.nexuscrowd.com.
About Downing Street Realty Partners Downing Street Realty Partners focuses on a range of real estate investment management and real estate merchant banking activities. Downing Street acts as both principals and independent advisors to its clients and offers investment, transaction and management expertise stemming from significant expertise in the real estate market as owners, intermediaries and asset managers. Downing Street strategically identifies and executes private market transactions, adding value to its clients across their real estate and investment needs while enhancing their risk adjusted returns.
Since its founding in 1986, Downing Street has acquired, repositioned and developed over 3.5 million square feet of residential, office, commercial and industrial properties in Ontario, as well as other provinces in Canada. Further information can be found at www.downingstreet.com.
Media and Investor Contact: Hitesh Rathod, CEO NexusCrowd Inc. 1 (877) 487-6506 info@nexuscrowd.com
Disclaimer:
This communication is not an offer to sell, or solicitation to buy, securities. Offers to sell, or the solicitations of offers to buy, any security can only be made through official offering documents that contain important information about risks, fees and expenses. Investors should conduct their own due diligence and should consult with a financial advisor, lawyer, accountant, and any other professional that can assist with understanding and assessing the risks associated with any investment opportunity.
NexusCrowd Inc. is a registered Exempt Market Dealer in the Provinces of Alberta, British Columbia and Ontario. NexusCrowd Inc. operates an online investment platform intended for Canadian investors who qualify under available exemptions pursuant to Canadian National Instrument 45-106. All offerings presented on the site are considered to be highly speculative and, as such, are suitable only for purchasers who are prepared to risk the loss of their entire investment.