Until recently, crowdfunding has been limited to people wanting to make donations or to buy goods, but CrowdVested operates under the Invest Georgia Exemption, which allows Georgia residents to crowdfund investments within the state. Georgia is one of only two states in the country that has legalized crowd investing.
“We saw an opportunity to fill a void in the Georgia real estate market,” said Grady Thrasher, CEO of CrowdVested in a media release. “CrowdVested offers another way for local projects to get the last chunk of financing that they need, and equally important, it gives investors a way to profit from real estate projects that help their communities.”
CrowdVested enables real estate developers to raise funds for new projects by offering equity shares to Georgia investors, whether accredited or non-accredited. Thrasher said real estate is a perfect fit for crowd investing. CrowdVested will feature both redevelopment and new construction projects, ranging from multifamily projects to office buildings to neighborhood gyms.