High manual friction limits commercial real estate funds to institutional capital
Jean Sini · Data-Driven Real Estate Investing // Jean Sini, Cadre (FirstMark's Data Driven) · Oct 26, 2017 · at 4:57
Jean Sini, CTO at real estate platform Cadre, explains structural friction in traditional commercial real estate fundraising during a talk at Data Driven NYC.
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“And so what you see is an ecosystem that's slowly but surely backing itself into a corner where it can only afford to invest with the largest institutional investors because if there's so much friction because everything is done manually, I can't afford to engage in a fundraising activity with someone who's going to write a 10,000 dollar check.”
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