Yieldstreet is acquiring Cadre, a real estate investment platform with a mission to democratize access to investing, particularly in commercial real estate, Fortune is the first to report. Cadre’s founder and chief executive, Ryan Williams, will remain at the helm as the company operates under the Yieldstreet umbrella—while leading a new division focused on broadening access to the institutional audience as Yieldstreet’s global head of institutional partnerships & clients.
The companies declined to release the purchase price, but the two have a collective investment value of over $9.7 billion and investors that have allocated $5.3 billion on their platforms—notching $3.1 billion in returns to date, they say. While the transaction is subject to regulatory review, their goal is to become a leader across the real estate and alternatives investment industry. Cadre has raised $133 million from Thrive Capital, Andreessen Horowitz, Khosla Ventures and others; its latest valuation was $800 million, according to Forbes.
