Jobs at Crowd Funding Platforms in RE

I think Fundrise is differentiated from public REITs in two ways: 1) They focus on the lower to middle markets which provides a higher yield / risk profile than publicly listed REITS which generally own stabilized institutional quality assets.  2) Their shares are relatively illiquid unlike public reits which have billions of $ following in and out daily driving yields down to levels I don't find attractive.  Public reits perform more like bonds / blue chip dividend stocks with less upside.
 

In terms of point D) I think of Fundrise as less of a tech company and more as real estate operating company with a technology platform.  They collect asset management / performance / origination / leasing / exit fees just like any other real estate fund which in turn pays their staff salaries.  In the unlikely downside event they go under, the REIT shareholders could hire another asset manager to replace them and execute the business plan.   I don't see why shareholders would ever need to liquidate at fire-sale prices.

There are two types of crowd funding platforms I know about: 1) deal-by-deal syndicators like Realy Mogul...that function more as brokers that are compensated with origination fees.   Alternatively, Fundrise crowdfunds capital on the fund level and survives off of recurring asset management fees.  I find the former unattractive because they don't provide any diversification and myself and others with day-jobs don't have the time / energy to underwrite individual assets.  The syndication platforms are compensated /incentivized to originate as many deals as possible....not to manage risk.  Alternatively, Fundrise is incentivized to protect / preserve their capital base and they have a professional management team in place to manage on a portfolio level.