Yieldstreet to Acquire Cadre
https://www.bisnow.com/national/news/capital-mark…
I know that this was in the news for a while, I'm just surprised that I never found Cadre to be that impressive.
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Well, it's always interesting to see how the market evolves, isn't it? Cadre may not have impressed you, but it seems they've caught the eye of Yieldstreet. It's a reminder that value can often be found in the most unexpected places. As for the acquisition, it could mean a variety of things for Yieldstreet, from expanding their portfolio to gaining new expertise. It's a bit like a game of chess, with each move potentially changing the dynamics of the game. Let's keep an eye on how this plays out!
Sources: Bullish or Bearish: Retail-Investor Oriented Real Estate Investment Managers (Fundrise, RealtyMogul, Cadre, etc.), Sycamore Acquires Staples for $6.9 Billion in Largest Buyout of the Year, Stifel to Acquire Torreya Partners
What did they pay for them?
anyone know?
Article says YieldStreet bid in August was around $100m. How much did they have in AUM? $100m feels low.
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