Crowdfunding has not coalesced into the influential force in commercial real estate some may have expected, and is at risk of being decimated by the next economic downturn.
Seven years after President Barack Obama passed the Jumpstart Our Business Startups Act, allowing for crowdfunded real estate investing, access to investment opportunities has expanded to reach more people. But the industry has already begun a major consolidation phase, and insiders and observers harbor doubts about different models' long-term viability.