Chicago, IL (PRWEB) January 20, 2015
PeerRealty, the Midwest’s premier real estate crowdfunding platform, is proud to announce that it has been selected to participate in elmspring 2.0, the nation’s leading real estate startup accelerator program. Participants in the elmspring accelerator program will begin an intensive three-month program to develop and prepare their businesses for an investor pitch day, with the help of seed capital, elmspring’s growing network of advisors and mentors, and pro bono legal and professional services. The elmspring accelerator co-locates at 1871, Chicago’s leading digital hub for entrepreneurs, where participants will enjoy access to other mentors, investors, and other entrepreneurs, as well as high-tech office space.
As the Midwest’s premier real estate crowdfunding platform, PeerRealty provides an innovative and targeted means to connect investors to high-quality real estate investment opportunities. PeerRealty breaks from tradition by creating a platform where middle-market investors ("Peers") have access to the best developers and sponsors in the real estate marketplace, while also allowing for developers to expand their network.
PeerRealty’s online platform saves investors money as well as time, and its focus on the Midwestern marketplace introduces real estate crowdfunding opportunities to a largely untapped market. Distinguished by these practices, PeerRealty is committed to bringing the highest quality real estate crowdfunding opportunities to market.
Other elmspring 2.0 participants include:
- CondoGrade: Grades the financial health of condominium associations to assist buyers, sellers, real estate agents, and lenders in evaluating, pricing, marketing and financing. CondoGrade also provides condo specific research, tools, and analysis that contribute to efficient, transparent and integrated real estate markets.
- HerbFront: A commercial real estate marketplace exclusively for the Cannabis industry. The company helps cannabis entrepreneurs find qualified and willing real estate owners in each market, supplies zoning and mapping tools, and allows real estate owners to market their property directly to Cannabis entrepreneurs.
- Megalytics: Provides a one-stop shop for business and financial risk evaluations. Through the real time aggregation of third-party data sources with borrower specific data, the company gives lenders the most comprehensive view of all relevant and best available information needed for decision making.
- Camp Native: A national platform for finding and booking the perfect campsite. A trusted community marketplace for people to list, discover, and book unique campsites around the world.
“We’re ready to get to work,” says elmspring CEO Tom Bretz. “With such a varied and talented group of individuals, we’re excited to be a part of this process, and to see how they challenge and push each other. Any of these ideas could be the core of a significant business. We have the structure and resources in place, and with these entrepreneurs we definitely have the talent.”
“We are excited to be a part of the elmspring accelerator program, it is the leading real estate accelerator in the nation and we’re looking forward to working with Tom and his team,” says PeerRealty CEO, Jordan Fishfeld.
Bretz and the elmspring team are hopeful that this second session will be just as successful as the first. Startups from the inaugural session such as ReaLync and College Annex are doing exceptionally well. College Annex is starting the New Year off right by turning a profit and boasting a presence at 19 major universities nation-wide. ReaLync is also expanding its reach. By the close of the elmspring session ReaLync secured $300,000 in seed funding, began doing business in Florida, California, and New York City, and increased their user base to over two thousand. The elmspring team is more than proud of the inaugural group's accomplishments and, with newfound partner Waterton Associates, is looking forward to more of the same the second time around.
For more information on PeerRealty, contact: Jenna.cohen(at)peerrealty(dot)com
For more information on the elmspring accelerator, contact: info(at)elmspringchicago(dot)com