Vancouver proptech startup addy has launched Canada’s first crowdfunded real estate investing mobile iOS app.
addy believes in real estate for everyone with a crowdfunding platform that breaks down traditional barriers to real estate investment.
As an addy member, you can invest in institutional-grade commercial real estate (e.g., entire apartment buildings, commercial complexes and business parks) across Canada for as little as $1, enjoying fractional ownership without any work and a possible return on your investment.
Using the addy app, Canadians get notified when a new property drops, connect with their growing community on Discord, and unlock the new addyverse – a digital twin of all of your addy investments.
“We wanted to bring the accessible investing experience we’re known for closer to our members through a mobile app,” said Micheal Stephenson, CEO and co-founder of addy.
“From your palm, you can now invest in a commercial complex, business park, or apartment building alongside thousands of other community members. We are thrilled to offer Canadians a simple and fun way to start building their financial future with real estate.”
addy’s real estate deals are generally not available to the average Canadian, they simply trade from one wealthy individual to another and are never listed publicly.
addy’s real estate team unlocks access to these hard-to-reach deals, puts them through a rigorous due diligence process, and those that qualify are then made available on the addy platform.
In order to be listed on the platform, the investment opportunity is broken out into investment increments valued at $1. For example, a $1,000,000 equity slice is divided up into 1,000,000 shares; and shares in the property are available to qualified members on the addy platform. Members can decide how much they want to invest.
addy has listed 25 properties and counting on the addy platform and has raised over $10 million from thousands of Canadians, with a total asset value of nearly $500 million. Residents of Alberta, British Columbia, Ontario and Quebec over the age of the majority can become an addy member for $25/year.
To learn more about addy, become a member, and invest in real estate, visit addyinvest.com.
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