CrowdStreet

CrowdStreet is a commercial real estate investing platform for accredited investors. It now sells institutional real estate funds and Private Managed Accounts rather than individual sponsor deals. Minimums typically run $25,000 to $100,000 per fund, and $250,000 for a Private Managed Account. Its former direct-deal marketplace was the channel for the Nightingale Properties fraud: sponsor Elchonon "Elie" Schwartz raised about $62.8 million from hundreds of CrowdStreet investors starting in 2022 and diverted the money to his own accounts. He pleaded guilty to wire fraud and in May 2025 was sentenced to 87 months in prison and ordered to pay $45.1 million in restitution ([U.S. Department of Justice](https://www.justice.gov/opa/pr/head-commercial-real-estate-investment-firm-sentenced-87-months-628m-investment-fraud-scheme)). The platform now operates through a broker-dealer structure with custody and escrow controls. Investors have historically paid no direct platform fee (sponsors paid); fund-level fees vary by product and managed accounts carry advisory fees. CrowdStreet does not prominently publish realized return figures, so treat any return figure as platform-reported. Closed-end funds mean multi-year lockups with no redemption.