What does Concreit do?

Concreit is a Seattle-based technology platform founded in 2018 that facilitates fractional real estate investing through a mobile app. The platform allows everyday investors to participate in a non-traded Real Estate Investment Trust (REIT) called Concreit Fund 1, with a minimum investment of just $1 per share. The company aims to democratize access to real estate investment strategies typically available only to wealthier individuals. Concreit Fund 1 invests in a diversified portfolio of short-term, real estate-secured loans and medium-term equity positions, primarily focusing on the Pacific Northwest. The platform offers weekly dividend payouts with an annual target yield of 5.5-6.6%. Investors benefit from features like automated investing, high liquidity, and the ability to make one-time or recurring transfers. Concreit emphasizes simplicity and investor trust, making it a user-friendly option for those looking to engage in real estate investment without long-term commitments.