TMCnet News
Cadre Announces Opening of Chicago OfficeCadre, a technology-enabled real estate investment platform, today announced it is opening a Chicago office. The new office will be the New York City-based startup's third location. The expansion, following the opening of a Toronto, Canada office in December 2017, is the result of continued growth for Cadre's team and investment platform. Cadre has closed more than $1.2 billion in investments to date, and in January announced the closing of a $250 million investment partnership with Goldman Sachs providing Goldman Sachs' clients with access to Cadre's investment opportunities. "The expansion of our footprint to Chicago is an exciting step for Cadre as we continue to build both our investor base and operating partner network across the U.S. We're thrilled by this opportunity to further grow our world-class team," said Ryan Williams, CEO of Cadre. Dan Rosenbloom, a Partner and Managing Director at Cadre, will be leading and building out the team as head of the Chicao office. Dan brings 22 years of industry experience, previously holding positions at JP Morgan, Fortress Investment Group and GEM (News - Alert) Realty Capital, where he served on GEM's Investment Committee. "Chicago's real estate community is rich with talent, and I'm excited to tap into that talent to help build Cadre's network of operating partners and investors using our combination of industry experience, long-term relationships and technical, data-driven innovation," said Rosenbloom. "This is more than just a homecoming for me, it is an opportunity for Cadre to build our presence in a centrally located market, which will provide even greater access to investment opportunities across the U.S." About Cadre Cadre is a technology-enabled real estate investment platform that provides qualified individuals and institutions access to fully vetted commercial real estate opportunities. Cadre combines its institutional experience with differentiated technology in order to empower investors through direct access, lower fees, and greater transparency. Cadre has raised more than $133M from investors including Andreessen Horowitz, Jim Breyer of Breyer Capital, Ford (News - Alert) Foundation, Founders Fund, General Catalyst, Goldman Sachs, Khosla Ventures, SL Green and Thrive Capital. For more information, please visit cadre.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20180621005221/en/ |
