Can Crowdfunded Real Estate Create Equitable Economic Development?

A community group in Pittsburgh recently purchased, rehabilitated, and converted a vacant former YMCA building into a swanky Ace Hotel that opened in December 2015. The former building stood as a wasted asset for several years in the East Liberty community. The project’s cost overruns were covered by an investment from the first-of-a-kind eREIT (electronic Real Estate Investment Vehicle) from FundRise, an online platform for crowdfunding real estate investment. Click here for the full story.