Wall Street Journal | Crowdfunding Firms Blow Up the Model to Survive in Real Estate

 

Dan Miller became a pioneer of real-estate crowdfunding about eight years ago by selling stakes in mainstream property such as hotels, apartment buildings and offices to small-time investors via the internet.

Today, he is focused on property with an environmental bent, backing urban farms in Detroit and a grain and dairy farm in Pennsylvania’s Amish country.

His new approach reflects a broader midcourse correction for real estate and crowdfunding, the practice of financing a project by raising small amounts of money from a large number of people.  —more—