Invest in venture-backed companies
Invest in a real estate portfolio
Investments
$100
Concreit offers two investment options with different minimum investments. For the Cash Flow strategy, investors can start with a few thousand dollars and have the option to use auto-invest for gradual contributions. For Home Shares, the minimum investment is $100 per share.
High Risk
4/5
Investing in Sweater's Cashmere Fund, like any venture capital investment, carries inherent risks. These risks include market volatility, economic conditions, and challenges specific to the companies in which the fund invests.
Moderate Risk
3/5
Investing in Concreit involves significant risks, such as the potential for complete loss of capital, illiquidity of investments, and exposure to the volatile real estate market. Other risks include the platform's limited operating history and potential conflicts of interest.
Minimum Liquidity
1/5
Sweater provides biannual redemption windows for investors to access their investment before the end of the investment term. However, there may be restrictions and limitations on the redemption process.
Minimum Liquidity
1/5
Investments on Concreit are illiquid, with no guarantee of being able to exit through their redemption program.
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Low Return
5.5 %
Concreit targets a 5.5% preferred annual return for investors, focusing on income through property value growth and rental income. Investors in Home Shares can potentially achieve an 8% to 14% annual return, combining equity appreciation and cash dividends from rental payments. While these returns are based on historical data and Concreit's strategic approach, actual future returns may vary due to market conditions and economic factors.
Long-term Investment
1-5 years
Sweater's Cashmere Fund is designed for long-term investments, but they provide biannual redemption windows for investors to redeem a portion or all of their investment.
Long-term Investment
5-7 years
Concreit typically estimates a 5-7 year hold period for investments in Home Shares. While investments are long-term, Concreit's redemption program may allow for earlier withdrawal under certain conditions, providing some flexibility regarding the investment's time horizon.
Who can invest
United States
Any U.S. resident over the age of 18 with a Social Security Number (SSN) is eligible to invest in Sweater's Cashmere Fund.
Who can invest
United States
Concreit is open to US citizens or residents over 18, with no requirement to be an accredited investor.
Moderate Volatility
3/5
The assets on Sweater's platform, including the investments made by the Cashmere Fund, can be subject to volatility.
Moderate Volatility
3/5
Assets on the Concreit platform are subject to the volatility of the real estate market, influenced by economic conditions, interest rates, and supply and demand. This can lead to fluctuations in investment values, highlighting the inherent risks and potential for price volatility in real estate investments.
Regulation and audits
SEC Regulated
Sweater operates under SEC regulations, allowing them to accept investments from non-accredited investors.
Regulation and audits
SEC Regulated
Concreit is registered with the SEC as a Registered Investment Advisor (RIA), making it a fiduciary required to act in its clients' best interests. This registration subjects Concreit to SEC oversight and compliance standards.
Insurance
No
Specific details about Sweater's insurance policies are not available on their website.
Insurance
No
Concreit investments do not have FDIC or SIPC insurance, meaning there's no governmental or organizational protection against loss for funds invested on the platform.
Payouts
No Recurring Payouts
According to Sweater's website, the Cashmere Fund does not pay dividends to investors.
Payouts
Dividends
Concreit distributes dividends from the net income of rental properties, after deducting expenses. For Cash Flow investments, the goal is weekly dividend payments, with an option for reinvestment. Home Shares investors receive quarterly dividends based on rental income, with potential profit from property appreciation upon sale. Distribution frequency and income depend on each property's performance and market conditions.
Withdrawals
Investors in Sweater's Cashmere Fund can redeem their investment during biannual redemption windows. However, there may be restrictions or limitations on the redemption process.
Withdrawals
Concreit investors face a 60-day hold period for withdrawals after investment, with the overall process taking 2-3 weeks. A short-term withdrawal fee applies to profits withdrawn within 12 months, where investors receive their full principal but only 4/5 of short-term gains.
Extra Fees
No
Sweater's Cashmere Fund charges a fee of up to 2% for redeeming investments during the semi-annual redemption windows.
Extra Fees
Yes
Concreit charges a flat $5 monthly fee for accounts under $5,000 and a 1.0% annual fee for balances of $5,000 or more, aimed at covering asset management costs. Fees are deducted monthly from the investor's bank account or the fund, based on the ending account balance the day before assessment.
Taxes
Annual Statement
Venture funds, like Sweater's Cashmere Fund, generally provide tax reporting support to investors.
Taxes
Tax Form
Concreit supports investors during tax season by issuing a Form 1099-DIV for holdings that distribute $10 or more annually, simplifying tax filing. They aim to have tax documents ready by February 1st.