Cadre Earns Place on Forbes Fintech 50 List for Seventh Straight Year
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Cadre continues longest streak as real estate company on list after momentous year
Cadre continued to receive honors for our work breaking down barriers in commercial real estate by enabling institutions and individuals to invest in the same highly diligenced deals.
This June, the firm was named to the Forbes Fintech 50 list for the 7th consecutive year.
A number of factors were considered in the selection process for the list, including the many milestones we reached over the past 12 months.
Despite rising economic uncertainty, Cadre reached a 27.6% average realized net IRR and returned millions of dollars to our investors, successfully exiting five investments in the past year, including an office portfolio in Colorado Springs, CO, a multifamily deal in Atlanta, GA, a multifamily property in Baltimore, MD, an industrial asset in Phoenix, AZ, and a life science property in Rockville, MD. [1] Overall, the firm has surpassed $4 billion in owned transaction volume and returned $461.8 million to investors in gross distributions.[2]
With the intent to serve the diverse needs of its investor base, we also launched two fund offerings, the Cadre Direct Access Fund II and the Cadre Horizon Fund, as well as a solution for investors to fund investments using IRA dollars.
We are proud to be recognized among some of the country’s top innovators on Forbes’ list as we continue working to promote innovation across the real estate industry. Further, we continue to build motivation to continue creating new technology and refining our platform for the benefit of investors.
Read more about the 2023 Forbes Fintech 50 here.
- Data as of December 31, 2022. Realized Net IRR represents the equity-weighted average (based on Peak Cadre Equity) of the Realized Net IRRs (as defined below) of all realized investments made by investment vehicles advised, managed or sponsored by Cadre (i) from inception until the formation of Cadre’s Investment Committee on March 31, 2016 and (ii) from March 31, 2016 through the measurement date, which investments were voted on by Cadre’s Investment Committee. As such, this net IRR figure represents a composite of prior performance of such realized investments as set forth herein and is included solely for the purpose of illustrating Cadre’s experience with acquiring and disposing of real estate assets; however, these performance results do not reflect actual returns that were achieved by Fund I, any Deal-by-Deal Vehicle or any particular investor. ↩︎
- Gross Distributions to Investors refers to the sum of any income distributions, sale gains, and return of capital without deduction for any investor-specific withholding or preferred equity payments. Updated on December 31, 2022. ↩︎
Disclaimer
Educational Communication
Not AdviceThe views expressed above are presented only for educational and informational purposes and are subject to change in the future. No specific securities or services are being promoted or offered herein.
Not Advice
This communication is not to be construed as investment, tax, or legal advice in relation to the relevant subject matter; investors must seek their own legal or other professional advice.
Performance Not Guaranteed
Past performance is no guarantee of future results. Any historical returns, expected returns, or probability projections are not guaranteed and may not reflect actual future performance.
Risk of Loss
All securities involve a high degree of risk and may result in partial or total loss of your investment.
Liquidity Not Guaranteed
Investments offered by Cadre are illiquid and there is never any guarantee that you will be able to exit your investments on the Secondary Market or at what price an exit (if any) will be achieved.
Not a Public Exchange
The Cadre Secondary Market is NOT a stock exchange or public securities exchange, there is no guarantee of liquidity and no guarantee that the Cadre Secondary Market will continue to operate or remain available to investors.
Opportunity Zones Disclosure
Any discussion regarding “Opportunity Zones” — including the viability of recycling proceeds from a sale or buyout — is based on advice received regarding the interpretation of provisions of the Tax Cut and Jobs Act of 2017 (the “Jobs Act”) and relevant guidances, including, among other things, two sets of proposed regulations and the final regulations issued by the IRS and Treasury Department in December of 2019. A number of unanswered questions still exist and various uncertainties remain as to the interpretation of the Jobs Act and the rules related to Opportunity Zones investments. We cannot predict what impact, if any, additional guidance, including future legislation, administrative rulings, or court decisions will have and there is risk that any investment marketed as an Opportunity Zone investment will not qualify for, and investors will not realize the benefits they expect from, an Opportunity Zone investment. We also cannot guarantee any specific benefit or outcome of any investment made in reliance upon the above.
Cadre makes no representations, express or implied, regarding the accuracy or completeness of this information, and the reader accepts all risks in relying on the above information for any purpose whatsoever. Any actual transactions described herein are for illustrative purposes only and, unless otherwise stated in the presentation, are presented as of underwriting and may not be indicative of actual performance. Transactions presented may have been selected based on a number of factors such as asset type, geography, or transaction date, among others. Certain information presented or relied upon in this presentation may have been obtained from third-party sources believed to be reliable, however, we do not guarantee the accuracy, completeness or fairness of the information presented.
No U.S. or foreign securities commission or regulatory authority has recommended or approved any investment or the accuracy or completeness of any of the information or materials provided by or through us.
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