April 20, 2017
New Delhi, IN—April 20, 2017
Real estate crowdfunding platform, Brelion, has just completed their acquisition of fellow company, PeerRealty. The new partnership is expected to bring enhanced opportunities for real estate crowdfunding investors. Original founders of PeerRealty will redirect focus to CFX Markets, a secondary market platform to support liquidity in the alternative asset market — including those assets purchased on PeerRealty.
Today, the real estate technology experts behind Brelion announced the completion of the acquisition of PeerRealty, a leading crowdfunding service provider and marketplace out of Chicago. The acquisition strengthens the core offerings of both companies, creating a more robust resource for real estate investors and commercial developers looking to participate in the growing crowdfunding space.
“PeerRealty is a leader in the real estate crowdfunding industry with a strong brand in the Chicago and the Midwest region,” explains Brelion Founder and CEO Vadim Kleyner. “Their client base, combined with Brelion’s innovative technology and investment management experience, will open up new opportunities for real estate stakeholders.”
Specifically, PeerRealty members will benefit from an expanded offering of real estate projects. In the future, PeerRealty will integrate with Brelion technology to launch new reporting and communication features, a welcome benefit for investors looking to track and manage their investments more efficiently.
In announcing the acquisition, Brelion also named Eugene Blumin as PeerRealty CEO, Andre Temnorod as CTO and Boris Gringauz as Director of Finance. “This team has nearly 60 years of combined real estate and technology experience and will a bring fresh perspective to the PeerRealty portfolio,” says Kleyner. PeerRealty will continue to operate under its name and maintain a presence in Chicago
Original founders, Jordan Fishfeld and Juan Hernandez, have moved on from PeerRealty to focus on building CFX Markets, a trading platform to support liquidity in the alternative asset market, including those assets purchased on PeerRealty and other real estate crowdfunding platforms.
“PeerRealty is stronger than ever and clients are already benefiting from Brelion’s technology resources as well as the opportunities available with the burgeoning Northeast Ohio real estate market,” notes Blumin. “Our first project, targeting a 14 percent annualized return for preferred equity holders completed its funding in record time.”
To learn more about PeerRealty contact Eugene Blumin or visit peerrealty.com.
Operating out of Cleveland, Brelion, LLC. is an Online Solution for Managing Real Estate Offerings. The company helps real estate firms manage CRE projects as well as investors, by providing a scalable platform that integrates compliance, reporting, communication and payment automation into one suite.
T: (312) 248 – 3220 ext 106
About CFX Markets
CFX Markets is an end-to-end financial trading platform for alternative assets. A connected digital marketplace that is directly integrated with alternative asset issuers, broker-dealers and transfer agents to streamline the process of secondary market trading of alternative assets. They are the bridge between the way things were done over the phone lines and new way of doing things over the internet.