Paul Rutter, a member of Cozen O'Connor's Real Estate Practice Group, discusses crowdfunding in the UCLA Economic Letter. The internet has created new ways to invest and acquire goods and services. Whether it is Uber for transportation, Airbnb for hotel rooms, or Kickstarter for start-ups, these new business models offer radical new efficiencies– sometimes by avoiding regulations or eliminating redundant layers of costs. Real estate is no exception. Office and retail buildings, industrial properties, multi-family, and even single-family homebuilding are experiencing rapid changes in capital formation through internet-based platforms.
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