NowStreet’s Capitalizing on Financial Innovation Webinar Series

Webinar: “Crowdfinancing Real Estate”

July 25th - 1pm to 2:15pm EST

https://www.brighttalk.com/webcast/9407/80993

In the same way that crowdfinance has been transforming global credit and equity markets, it is now making its way to the real estate market and forever changing the way commercial properties are funded and built. Pioneers including Fundrise, Realty Mogul and RealtyShares are taking an asset class once reserved for the financially privileged and making it available to the general public. Join us for this informative webinar where the industry pioneers will discuss how they are revolutionizing the real estate market by providing the public with the ability to invest directly in properties and foster local economic development .

Moderator: Dara Albright, Founder, NowStreet – Panelists: * Daniel Miller is the Co-Founder of Fundrise; * Richard J. Salute, CPA, Consultant with Cohn Reznick, a financial and tax advisory possessing one of the nation’s leading Commercial Real Estate Industry

Practices; * Jilliene Helman, CEO of Realty Mogul: * Nav Athwal, Founder RealtyShares.

Helping Issuers, Financial Service Providers and Investors all capitalize on CROWDFINANCE.

Crowdfinance, perceived by many as the next frontier in financial services, is simply

the process of obtaining capital by pooling small amounts of monies from a large crowd of individuals as opposed to receiving bulk financing from big institutions or

Government entities.

Feel free to read more at http://nowstreetjournal.com/crowdfinance/ Dara Albright, Founder of NowStreet

Twitter: @nowstreet dalbright@nowstreetjournal.com http://nowstreetjournal.com Facebook: https://www.facebook.com/NowStreetEvents

Crowdfinancing Real Estate Maintaining Regulatory Compliance

July 25, 2013

Presented by Richard Salute Richard.Salute@CohnReznick.com

The Changing Regulatory Environment Most promising structures for Real Estate Deals

•Regulation A

• Intrastate Crowdfunding

•Reg D

The Changing Regulatory Environment Most promising structures for Real Estate Deals

• Regulation A Changes

–Increased threshold

–New reporting requirements

• Regulation A Benefits

Companies that stand to benefit most from Intrastate Crowdfunding

• Real Estate

• Restaurants

• Retail Shops

• Mom & Pops

The Changing Regulatory Environment Most promising structures for Real Estate Deals

• Intrastate Crowdfunding

–Georgia (IGE)

–Kansas (IKE)

–North Carolina (not passed yet)

The SEC Lifts the General Solicitation Ban

Transparency! Transparency!

• Financial Reporting

– Depending on the raise GAAP financials are required.

– The financials may need to be reviewed or audited.

– There is a cost which will be dependent upon the entity’s complexity.

Transparency! Transparency!

• On going communications with Stakeholders

– Look at best of breed to see examples of transparency.

– Discuss key metrics good or bad.

– The crowd is efficient be careful not to under estimate its power.

– Never forget that you are selling a portion of your business.

– Good Luck!

Q & A

Thank you for joining us!