ST. LOUIS—A team that helped build St. Louis-based broker Cassidy Turley into a national player recently launched Selequity, an online platform for accredited investors that want to invest in commercial real estate projects. And AJ Chivetta, the new firm's chief executive officer, tells GlobeSt.com that it just formed a strategic alliance with Virtual Realty Enterprises, LLC, a St. Louis-based lender that has managed more than $500 million in assets.
“This provides another avenue to clients who come to us and want to explore different ways to raise capital,” Chivetta says. Through VRE, project sponsors will have access to interim financing and the opportunity to fund larger and more varied deals. Bill Snyders, chief operating officer of VRE, will manage the strategic alliance with Selequity.
Selequity's launch was announced by Chivetta at the TechCrunch Disrupt 2015 conference in New York City. Other Selequity founders include: Mark Burkhart, former chief executive officer of Cassidy Turley; Bill Florent, former chief financial officer of Cassidy Turley; as well as Maria Desloge of Armstrong Teasdale LLP, part of Cassidy Turley's legal team.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
