Discover how a law meant to enhance the finance of small companies inadvertently opened the doors to allow almost everyone in America to invest in real estate like never before.
Based on an exclusive series of conversations with the visionaries of the industry, author Adam Gower describes how real estate came to dominate the crowdfunding revolution.
Discover How an Act of Congress Transformed Real Estate Finance
Post civil-war America was built and financed by crowdfunding - syndications by another name. But in 1933 Congress passed the Securities Act, which shut the door on this most democratic means of raising capital and spreading wealth. In 2012, enjoying broad bipartisan support, congress threw the doors open again, passing the JOBS Act (Jumpstart Our Business Startups).
Its intent was to stimulate growth of small businesses and startups, but an unexpected consequence of the Act was that the biggest beneficiary has been the real estate industry.