Cadre (company)

RealCadre LLC.

Type	Private
Industry	Financial technology Real estate
Founded	2014; 4 years ago (2014) in New York City, New York, United States
Founder	Ryan Williams Jared Kushner Joshua Kushner
Headquarters	New York City, New York, United States
Number of employees	Over 50
Website	cadre.com

Cadre is a New York-based technology company that provides individuals and institutions direct access to large commercial real-estate properties. The business and financial press describe it as a service that "makes the real estate market more like the stock market" by allowing investors to select the individual transactions in which they participate, while investing a smaller amount than would be required to fully fund a transaction. For example, 12 institutional investors (such as family offices and endowments) participated in a $60 million office building purchase. The firm has more than $1 billion under management, and was named to Forbes' "FinTech50" and "30 Under 30". In 2018, a partnership with Goldman Sachs was announced through which Goldman Sachs' private wealth clients committed at least $250 million (USD) real estate investments through Cadre.

Cadre was founded in 2014 by CEO Ryan Williams, who previously built a real estate business and worked at Blackstone and Goldman Sachs. He started the company with Thrive Capital founder Josh Kushner, and General Catalyst, which together invested $18 million in a 2015 fundraising round. That round also included a $250 million backstop liquidity commitment from an unnamed family office.Vornado CEO Michael Fascitelli also invested in this round and joined the board.

In 2016, the firm raised another $50 million, which included Michael Fascitelli joining Cadre's investment committee. In 2017, it was named an "Inc. New York start-up to watch", to Equities.com's Pioneer 250, and to Fast Company's "5 FinTech startups to watch". The firm raised an additional $65 million in 2017 in a round led by Andreessen Horowitz. A 2018 deal permits private wealth clients of Goldman Sachs to invest through the Cadre platform.

An article in early 2018 claimed that leaders of the company planned to expand their service offering to include residential real estate loans. The article was later updated to clarify that the new business will involve investing in loans issued by others.

Traditional real estate investment funds vest all decision-making with a paid manager; individual participants have no ability to select transactions in which to participate. By contrast, Cadre permits investors to choose what investments to make on a building or project level. Cadre curates investment opportunities, and uses an electronic platform to make these qualified opportunities available to investors. Individual investors can then buy a stake in any project. The company performs diligence using its data analysis software and data analysis team. For sellers, the company claims higher speed and lower fees as advantages. CEO Williams claims that real estate "builds multi-generational wealth", and, "Cadre provides access to more members of the global economy with the opportunity to build wealth". In the future, the firm intends to use its data analytics platform to allow investment in opaque, illiquid asset classes beyond real estate (such as "energy, natural resources, oil, infrastructure, or anything that's historically been privately held or inaccessible").