Online real estate investing marketplace Crowdstreet will open a second office and relocate its corporate headquarters from Portland, Oregon to Austin, Texas, positioning the company to better serve its customer base from coast to coast.
Adopting a hybrid work model that allows employees to work wherever is best for them, CrowdStreet will continue to maintain its office and employee presence in Portland, its founding city while hiring staff across the country. The Austin office will serve as another anchor for the CrowdStreet community, allowing employees to work from either office location or to continue to work remotely.
The relocation of the corporate headquarters to Austin also reflects the company’s established track record of success and growth in Texas, one of its top markets for investors active on the CrowdStreet marketplace as well as real estate sponsors and deals.
“This move best positions CrowdStreet for growth, puts us front and center with marketplace investors and real estate sponsors and provides our personnel with more flexibility about where and how they work,” said Tore Steen, CEO and co-founder of CrowdStreet.
In 2020, CrowdStreet saw more than $640 million invested across 90 deals and 45 new sponsors coming on to the Marketplace. The company launched several CrowdStreet-managed funds, including its first e-commerce and opportunistic funds, each designed to take advantage of the opportunities created by the market dislocation of 2020.
