Yieldstreet, a private market investment platform, has announced an agreement to acquire Cadre, an online real estate investment platform. With a combined investment value of over $9.7 billion, the platforms have attracted $5.3 billion in investments and generated $3.1 billion in returns. The acquisition will provide investors with access to a wider range of asset classes and increased liquidity through proprietary platform capabilities.
Yieldstreet CEO, Michael Weisz, expressed excitement about the acquisition, stating that it will drive accelerated growth and open up new distribution channels. Cadre’s team will join Yieldstreet, including Ryan Williams who’ll stay on as CEO of Cadre. Williams will also take on the role of global head of institutional partnerships and clients. Industry veteran Mike Fascitelli will serve as the global chairman of real estate and head of Cadre’s investment committee.
Yieldstreet aims to provide access to alternative investments and help clients diversify their portfolios with assets including real estate, private credit and art. Cadre, a commercial real estate investment manager, focuses on expanding access to institutional real estate and other alternative asset classes. The transaction remains subject to regulatory review.
