Looking for elite buyers and sellers of high-value commercial real estate who might like broker-less direct matching, Reitrades launched a currently invitation-only digital trading platform.
The company claims that it already has more than 1100 users from over 750 real estate investment firms that together have total assets under management of nearly $17 trillion. That would be an average of $22.7 billion AUM each. While right now invitation only, investors and buyers can apply for access.
Transactions can be in any CRE asset class and are supposed to be for properties that are worth at least $10 million. Sellers pay a "platform fee" of 0.1% for each closed transaction. That would be considerably cheaper than a typical broker's fee, although "optional premium marketing" is available. There is no mention of a buyers' fees.
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