Crowd StreetReviews of crowdstreet.com

Invested in three projects. For last several years no distributions on any. One project sold for a total loss. They don’t vet the projects and there is zero transparency on returns and financials. Even the K-1 dont get posted till after the tax deadline and no response from this company. It seems a scam as once you invest there is zero liquidity.

I invested as an LP through CrowdStreet and learned an important lesson about platform risk. While the property ultimately sold, LP investors were common equity, last in the capital stack, and bore the full downside from leverage, litigation, and post-close escrows. CrowdStreet earns platform and servicing fees regardless of investor outcome, while LPs have no control over execution, legal exposure, or exit timing. The deal functioned more like venture equity than traditional real estate, which may not be obvious to newer investors. Not alleging wrongdoing — just encouraging prospective investors to fully understand incentives, capital stack position, and worst-case scenarios before investing via a platform.

No underwriting of the sponsor or the individual dual. Not transparent at all. There used to be a forum where investors could share experiences and ask questions but they removed it.

They don't properly vet the companies presenting offers on their platform. I've lost the original equity invested on 2 out of 4 deals and am uncertain how the last two will close out. These are high risk deals and Crowdstreet really just cares about collecting their commission.

Stay away. Four of nine of my investments went bust and lost most of my investments. The sponsors are allowed to pump and dump.

Have received no return in five years. Some investments are total loss. STAY AWAY.

Several years ago, I posted an honest two-star Google review of this company based on my investment experience. This got a lot of likes and periodic notifications from Google that it was helpful to thousands of people. Then one day, the review disappeared. I then re-posted the same review, and this cycle repeated itself - after a lot of likes and high ranking of the post, it got deleted, along with all others that provided a rating of less than 4 or 5 stars. (I can be under no illusions as to who was responsible for these deletions - reviews of other businesses that I wrote on Google some 10 years ago are still active.) CrowdStreet apparently is unable to delete reviews from TrustPilot, and on seeing the proportion of 1- and 2-star ratings, the truth is self-evident - investing on CrowdStreet is very high risk and once you invest, you're on your own, with no support from CrowdSreet if things go wrong. More than one General Partner privately shared with me that platforms like this are funding sources of last resort, so the poor quality of these deals should not be too surprising. Crowdfunding platforms make their money off listing fees, so when deals go south (as a large number have), unlike their investors, they have no skin in the game. All they can do is try to cover up bad press, which is simply investors who have been burned who are sharing their experience as a warning to others. I recently heard that they shut down investor forums on their site - clearly they experienced heartburn in seeing all the complaints and feared that it would negatively impact fundraising. Rather than posting some boilerplate response to this, CrowdStreet should explain why they're doing everything in their power to silence investors who have lost money in deals on their platform, and what actual steps they have taken to tighten their selectivity and improve their vetting of GPs.

If you'd like to lose your investment money, this is the place to go. I invested in 4 Crowd Street multi-family projects about 3 years ago and 2 of them have completely collapsed and lost 100% of my money. While I recognize this time period has not been great for CRE, one would expect small or no returns but not complete loss of invested capital - especially twice! Stay far away from this site and find a REIT or an ETF.