How do I know if I meet the criteria of an accredited investor / qualified purchaser?
Most offerings on the CrowdStreet marketplace require investors to be accredited investors. Some require investors to be qualified purchasers. We have prepared resources to help investors navigate the criteria for each designation, for each of the various investing entity types, including individuals (as well as self-directed IRA accounts or joint tenants), trusts, and business entities (such as LLCs, corporations, or partnerships).
Please click here to access an interactive page that will help walk you through the various eligibility requirements to understand if you or your entity qualifies as an accredited investor.
Or, if you prefer a non-interactive visual guide, please download the file linked at the bottom of this page, "CrowdStreet guide to investor eligibility.pdf".
How do I verify my accredited status?
CrowdStreet has two ways to proceed with verifying your accredited status.
- Use VerifyInvestor.com via your CrowdStreet Transaction Center
- Use a qualified, independent third party verifier, such as your CPA, attorney, or wealth advisor
How do I access VerifyInvestor.com?
When you use VerifyInvestor.com to verify your accreditation as part of investing on the CrowdStreet marketplace, CrowdStreet is pleased to be able to absorb the cost of their service on your behalf. To use VerifyInvestor.com, you should follow the link in your Transaction Center, which becomes available after submitting closing documents for a given offer.
If you have any questions about the process or required documentation, you may contact VerifyInvestor directly by emailing firstname.lastname@example.org.
How do I use a qualified, independent third-party verifier?
Please download the file linked below, "Investor verification letter template.pdf", and supply it to your qualified, independent third party. Qualified parties under the SEC rules would include your CPA, attorney, or wealth advisor attached to a registered broker-dealer. Once the qualified party has completed your letter, you may upload it to your Transaction Center.
Can CrowdStreet verify my accreditation?
No, CrowdStreet is not an SEC-qualified party and cannot verify your accreditation. Please do not upload financial documents (e.g. account balance statements, tax returns, W-2s, etc.) directly to your CrowdStreet Transaction Center for this purpose. CrowdStreet does not require and will not store this type of documentation for you to invest on the CrowdStreet marketplace. We only require a letter verifying your accredited status, per SEC rules.
What if I'm not ready to submit an offer on the CrowdStreet marketplace yet, but I still want to verify my accreditation?
We understand there are reasons you might want to do this, such as to position yourself for offerings that might have tight subscription timelines. In this case, we can suggest two options:
- Use a qualified, independent third party verifier, such as your CPA, attorney, or wealth advisor (Download the file linked below, "Investor verification letter template.pdf").
- Click here to use VerifyInvestor.com as an independent investor. Note that they will charge a standard fee to investors who access their service outside of the CrowdStreet platform integration.
What kind of documentation is required to verify my accreditation?
The majority of investors are asked to supply to their SEC-qualified verifier copies of W-2s or tax returns to verify annual income, and/or account balance statements to verify net worth, but additional requirements may vary depending on the complexity of the investor's financial situation. We suggest either reaching out to your CPA, attorney, or wealth advisor, or to use VerifyInvestor.com (they will answer questions about the specific documentation required by emailing email@example.com).
I've heard rumors that the SEC may loosen the rules around investing in private equity... Is that true?
At CrowdStreet, we're committed to our goal of democratizing access to investing in commercial real estate, and we closely track any developments in the regulatory environment surrounding private equity. If the SEC ever changes the rules governing who is allowed to invest in our institutional-quality commercial real estate investment opportunities, we will promptly alert all of our registered users.