The SEC is expected to implement the rules on Title III crowdfunding as described in the JOBS Act earlier than expected allowing non-accredited investors to invest in crowdfunded offerings for the first time in history. During the SEC Small Business Advisory Committee meeting yesterday, Chairman White confirmed that the Title III rules will be implemented shortly, and industry insiders predict it could be as early as October, or as late as mid-November.
Real estate has been one of the fastest growing verticals in crowdfunding, emerging as a $2.5 Billion industry in 2015 thanks largely to Title II of the JOBS Act. With Title III allowing unaccredited investors access to real estate opportunities, and investment platforms, such as ours, offering low minimum investment amounts, real estate is just one industry where crowdfunding portals expect to see an exponential increase in deal funding.
At SaundersDailey, we are more than prepared for the Title III rules to be implemented and we anticipate to be frontrunners when it comes to offering technology adapted to these new protocols. This is an exciting time for community funded real estate in the Twin Cities and we look forward to what this news holds for the future!
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