A Guide to Real Estate Crowdfunding Today -
The idea of creating large scale syndicates to purchase real estate is a classic concept.
Large scale syndication traces its roots directly back to the 1920’s, when Manhattan-based real estate developer, Fred French, built the largest residential development in Midtown, using the “French Plan.” French solicited small investments from large groups of investors in newspaper advertisements, promising a 6% return on their investment and a 50/50 split of any residual income. His investors subsequently became shareholders in a corporation that financed the acquisition and development of real estate.
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