[Note from editor: The “Mastermind Showcase” highlights companies and news from members of the GEM. Today’s showcase: Rhove.]
Rhove enables any consumer over the age of 18 to invest in real estate projects with as little as $1. Investable projects include co-living, co-working, and commercial real estate in new, existing, and repurposed developments. Consumers without Accredited Investor status can invest in these projects and receive shares at prices that reflect expected future cash flows of the property. For crypto enthusiasts, Rhove utilizes the Etherum, Metamask and Aave protocols.
What we like: With a goal of democratizing commercial real estate investing, there’s a strong focus on community (that’s what we’re all about) and helping people invest in their local communities. Further, they are one of several companies working toward doing what AngelList did for startup syndicates, for real estate syndicates.
Editor’s note at time of publishing: Rhove is “testing the waters” right now and is not soliciting any payment or exchange of securities.