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Crowdfunded real estate deals unravel as investor funds vanish

The downtown skyline in Atlanta on Dec. 3, 2021. Bloomberg photo by Elijah Nouvelage.
Bloomberg
Amelia Pollard

Hundreds of regular investors who together put up $63 million to buy pieces of Atlanta and Miami commercial real estate have allegedly seen their funds disappear.

Two deals orchestrated by CrowdStreet, a real estate investment company that crowd-sources funds from relatively wealthy individuals, have fallen apart as investors’ money vanished from bank…

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Bloomberg