Exclusive: Cannabis Fund Rainbow Realty Raises $47M, Including $10M From CrowdStreet
Rainbow Realty Group (RRG), a real estate investment firm focused on the U.S. cannabis industry, has completed a $47 million fundraise, Benzinga has learned. Of that total, $10 million was raised from nearly 200 individual investors via CrowdStreet, a real estate investing online marketplace. The New York-based firm assures this is the first-ever commercial real estate loan and equity investment for a cannabis-focused real estate fund in the U.S. RRG intends to deploy the capital into properties valued between $5 million and $15 million. An Emerging, Fragmented Market “The cannabis real...
Source: benzinga.com