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Synopsis
Yieldstreet, a private market investment platform, completed the acquisition of Cadre, an online, real-estate-focused investment platform that serves institutional and high net worth investors. Financial terms were not disclosed. "Yieldstreet set out to create a category eight years ago. Today, we are leading the industry forward and setting the stage for accelerated growth, both organic and inorganic. We will continue to pursue strategic opportunities to increase revenue, enhance profitability, drive operating synergies, and unlock new channels for distribution or exceptional technology. Expanding complementary distribution channels and markets beyond the US, investment portfolios and capabilities with Cadre is just the beginning. We are thrilled to welcome Cadre to the Yieldstreet family," Michael Weisz, Yieldstreet CEO.
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