Episode Details

Welcome to the Allocate Podcast, an interview and educational content series to help investors learn and navigate investing in alternatives. Join us to hear from leading founders, fund managers, and allocators on the latest trends and the keys to successfully participating in the private markets.

In this episode of the Allocate Podcast, host Nic Millikan welcomes Crowd Street executives David Govshtein and Anna-Marie Allander Lieb as the pair discuss their platform's transformative journey in democratizing commercial real estate investing for accredited investors. Born from the 2012 JOBS Act, Crowd Street has grown from a novel concept to a robust platform deploying $4.5 billion across 800 transactions, with a unique $25,000 minimum investment that provides access to institutional-quality deals. The conversation explores the platform's evolution, rigorous deal screening process, insights into various real estate sectors, and the impact of changing economic conditions. With 300,000 members and a recent leadership transition, Crowd Street is now expanding beyond commercial real estate into other alternative investments like private credit and private equity, positioning itself as a comprehensive private market investing platform that empowers accredited investors with sophisticated investment opportunities.

About David Govshtein & Anna-Marie Lieb

David Govshtein serves as the Managing Director at Crowd Street, leading the team responsible for online capital formation and investor relations. Since joining Crowd Street in 2018, David has held various roles, including Managing Director of Capital Markets and Associate in Sales Development. His leadership has facilitated numerous successful equity raises, such as the acquisition of 2 Executive Drive in Chelmsford, Massachusetts, in collaboration with Rhino Capital Advisors.

Anna-Marie Allander Lieb is tis an Executive Managing Director at Crowd Street, where she has been since 2016, bringing over 15 years of experience in commercial real estate finance and capital raising. As a key member of the Offering Review Committee, she plays a crucial role in optimizing investment structures for our members while ensuring regulatory compliance. Prior to her role at Crowd Street, Anna-Marie worked at PNC, where she specialized in underwriting and structuring innovative tax credit equity and debt financing solutions for Historic Tax Credit, and Low Income Housing Tax Credit investments. Anna-Marie started her real estate career in Boston where she was a member of the CBRE New England Capital Markets Team. She earned her Bachelor of Science in Economics from the Wharton School, University of Pennsylvania.

Crowd Street is the largest online private equity real estate investing platform, connecting accredited investors with institutional-quality commercial real estate opportunities across the United States. Since its inception, Crowd Street has facilitated the funding of over $3.6 billion in investments, enabling individual investors to diversify their portfolios with direct access to a wide range of real estate projects. The platform's success is attributed to its rigorous investment screening process, commitment to transparency, and dedication to providing investors with comprehensive educational resources.

Disclosures: Private real estate is, by nature, generally less volatile than the stock market. This lack of volatility does not necessarily translate to private real estate not fluctuating in or losing value. Further, the value of private real estate investments will fluctuate, and the value of real estate often lags behind general market conditions.<