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REA
February 21, 2018  

KBS Makes First Use of Crowdfunding

KBS Realty is tapping a crowdfunding firm for the first time to help raise equity for one of its REITs.The Newport Beach, Calif., investment manager is working with CrowdStreet of Portland, Ore., as it drums up capital for KBS Growth & Income Real Estate Investment. The nontraded REIT has a $1 billion equity goal, some $250 million of which has already been committed.In October, KBS unveiled its own online portal, KBS Direct, which allows retail...


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