ELDI was featured this week in a Next City article about a new crowdfunding opportunity being applied to real estate. An interesting approach in which eREITs and a platform called FundRise allow everyday people to invest in real estate projects. This method was used to raise the last round of funding for the Ace Hotel Pittsburgh. Find out more about what this means for the future of development in the full story here.

“Miller credits those in Pittsburgh, from its public leaders to its business and civic leaders like ELDI, for creating a market that appeals to FundRise so much that they project investing another $20 million in the area over the next one to two years. If the Ace Hotel Pittsburgh is any indication, those could mean deals that lead to jobs and opportunity for communities that have long been denied both.”                


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