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Real-Estate Startups Try Their Hand at Private-Equity Investing
CRETech
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1 minute read
Five months after the co-working firm Bond Collective signed a 42,000-square-foot lease in a Brooklyn office building, the property’s owners flipped it for a hefty profit.
“Hey, we can essentially do the same thing,” Bond Collective founder Shlomo Silber recalled thinking after learning of the sale.
Four years later, the firm is co-managing its own real-estate fund. The fund owns stakes in properties in Miami, Nashville, Chicago and New York City and is in contract to buy two more.
