Streitwise Review: What Makes Streitwise Unique in 2024?

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Passive income is the path to financial freedom. If you want to build a real estate portfolio to create a passive income stream, Streitwise is the platform you want to experiment with. It’s one of our top recommendations for beginners as it has a low purchase minimum and allows you to start your portfolio on a small scale.

Streitwise operates differently from traditional crowdfunding agencies by operating as a nontraded private real estate investment trust (REIT) that sells commercial real estate that is already being leased. When you invest through Streitwise, you purchase a share of the company that manages the commercial building portfolios.

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This crowdfunding real estate investment agency currently operates with one REIT and is sponsored by Tryperion Partners, who are managed by the same leadership team as Streitwise.

As Streitwise is one of the newest crowdfunding platforms, it’s limited in what it can offer but is already got a track record of delivering a stable dividend to create passive income. We’re deep-diving into Streitwise to help you determine whether it’s the right real estate investment platform for you.

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What is Streitwise?

Streitwise allows investors of all abilities to get involved with professionally managed real estate. This platform is sponsored and managed by Tryperion Partners – which has the same co-founders and executive team as Streitwise. Tryperion focuses on creating value-added strategies for direct and joint venture investments in the Western and Midwestern U.S. markets.

Tryperion is now using this strategy with Streitwise to open the world of real estate investment to those who don’t have tens of thousands of dollars to purchase a property outright. Although they’re Streitwise’s sponsor, Tryperion has transaction experience of over $5.4 billion with a 30.3% IRR performance on realized investments.

The platform states that its generated passive income for its users with 8%-10% dividends. Its strong and consistent dividend yield is one of the biggest selling points for Streitwise. It’s historically been as high as 9.3% with its last Q4 dividend for 2021 being 8.4%.

This strong dividend allows investors to create a passive income stream through Streitwise. Comparatively, public bonds have a dividend yield of 1.42% while public REITs have an estimated 2.59% dividend yield. The platform also utilizes conservative underwriting, a low fee structure, and strong credit tenancy to create an investing platform that is ideal for beginners.

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Currently, Streitwise only offers one REIT that is made up of a diverse portfolio of properties. For now, you’re not able to choose exactly which properties you want to invest in through Streitwise. Most beginner investors choose REITs for the convivence of a diversified portfolio.

This current REIT offering – 1^st Streit Office – is made up of two class A commercial properties with future properties planning to be added. It’s made up of The Panera Bread HQ and Allied Solutions Building. You can find out more about this REIT and its specific properties here.

The purpose of Streitwise is to create a REIT that uses capital protection and dividends to offer the option to invest in commercial properties that are usually exclusively available to the ultra-wealthy. Streitwise gives you access to REIT tax benefits, portfolio diversification, and recurring cash flow.

Streitwise makes it easy to invest on the go with its iOS app that allows you to add more funds, access your tax returns, and enroll in dividend reinvestment. While their iOS app is in beta testing, Streitwise does not currently have an Android app.

If you’re thinking of platforms similar with Streitwise, check out our PeerStreet Review and this top 10 real estate crowdfunding platforms article.

What makes Streitwise unique

The platform stands out for its REIT. What makes it different is that this private fund is available to potential investors, whether they’re accredited. This crowdfunding real estate platform is a way of creating passive income through capital appreciation that can be realized when the holding is sold or through quarterly dividends.

Getting started with Streitwise is simple. You can start the investment process instantly through the website. Alternatively, you can also choose to invest as an individual, company, trust, or through your IRA/401k account.

As a platform that focuses on creating passive income, you can expect to get your dividends every quarter. These dividends are usually paid around 10 days after each financial quarter ends. You can sell your shares after one year through Streitwise’s share redemption program. You’ll face no penalty if you sell your shares after five years as Streitwise encourages its investors to take a long-term approach to their investing.

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What makes Streitwise unique is that it’s one of the few REITs that is open to non-accredited investors. The only requirement is that a non-accredited investor cannot invest more than 10% of their individual net worth (excluding your residence) and income over the last two years, plus your expected income for the current year.

Streitwise works with its sponsor – Tryperion Partners – which is a subsidiary of SW Manager. Its employees work to source property acquisitions on behalf of Streitwise. While Streitwise’s first property was acquisitioned under common control, it is owned by an affiliate of the Tryperion Partners. In the future, it’s expected that Streitwise will purchase assets from 3^rd parties and not its sponsor.

Minimum requirements and fees for Streitwise

One reason why Streitwise is so appealing to new investors is due to its transparent and fixed fee structure – which is unusual for most crowdfunding platforms. Investors retain 100% of the total shares purchased with Streitwise reimbursing their sponsor 3% of the total proceeds with 97% going towards the investment. This one-off fee occurs with every new share issuance.

There’s also a 2% annual management fee associated with your account. The fee is typically taken out of the dividend payment annually, instead of being charged to your account. The dividends that you’re quoted will be the net amount you receive after fees. Beyond this, Streitwise doesn’t charge any additional fees. There’s no acquisition, developer, construction management, financing, or hidden fees.

Streitwise has a minimum investment of $5,000 – a standard fee that you’ll see from most crowdfunding real estate agencies. This minimum investment is for 500 shares at $10.19 a share. You’ll be locked into a minimum 12-month commitment when you sign up to Streitwise and start investing.

The three founding partners of Streitwise hold 500,000 shares in the REIT that are valued at over $5 million. This large investment is to show their confidence in Streitwise going forward. You can invest in Streitwise through the ‘Investor Center’, a third-party transfer agent that also allows you to log into your account through the Streitwise app.

Does Streitwise offer a referral program?

As Streitwise is one of the nearest crowdfunding real estate platforms, it does not currently offer a referral program. Only a small number of crowdfunding real estate investors offer any form of referral program, so you can sign up to the platform directly through their website.

It’s worth checking back in the future in case Streitwise introduces a referral program as they begin to expand the properties within their REIT offering. As Streitwise is a streamlined platform that aims to make the investing process as simple as possible, you can get your account started in just a few clicks.

Where is Streitwise available?

Streitwise operates on a smaller geographical scale than what you’ll find on most other crowdfunding platforms. Currently, Streitwise only operates in Indianapolis and St. Louis, along with a small number of secondary markets. The platform has already indicated that they’re looking for properties in Columbus, Kansas City, and Minneapolis.

Their focus is on acquiring a diverse portfolio of quality office properties but there’s no time frame currently for additional acquisitions. This platform is ideal for investors looking for investment properties in high-traffic areas that are also established workplaces.

Who is Streitwise best for?

One of the benefits of Streitwise is that the platform is available for accredited and non-accredited investors, along with US and non-US investors. While US residents can invest through their bank account, non-US residents will need to invest through wire payments. You can utilize a variety of account types, including companies, trusts, individual investors, and self-directed IRAs.

Although it’s a new platform, we recommend REITs as a go-to choice for new investors who are prioritizing passive income and want an investing platform that has a strong dividend. While Streitwise operates with one REIT that is straightforward to invest in, it’s not the most technologically advanced.

Other crowdfunding real estate platforms, such as Realty Mogul, are equally as beneficial for new investors. As the platform is relatively new, it is limited in what it can offer a potential investor. We recommend Streitwise for those who want to create a purely passive form of investing with a long-term approach.

You can find out more about Streitwise and their real estate investing through their official website here.

Discover the top 5 real estate platforms in 2022 to get more info about real estate investing.

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