CrowdStreet Advisors LLC, a wholly owned affiliate of CrowdStreet, Inc., has hired John Norris as director of private wealth, responsible for sales and distribution of the firm’s funds.
In his new role, the company says Norris will focus on expanding relationships with wealth managers, including registered investment advisors, family offices, broker-dealers and fintech platforms, leading day-to-day sales and capital-raising activities. CrowdStreet is best known for their online crowdfunding platform, which raises equity for real estate investments directly from individual investors.
“Beyond his deep knowledge of real estate investment, John brings long-standing connections within the wealth channel, which will be key as we look to expand into this segment of the market,” said Sheldon Chang, president of CrowdStreet Advisors. “We’re excited to welcome John to the CrowdStreet Advisors team and to begin growing both our flagship C-REIT, as well as our thematic funds and other offerings.”
Prior to joining CrowdStreet Advisors, Norris spent 17 years at Black Creek Group, currently known as Ares Management Group, a private real estate manager. Norris was the national sales director at Black Creek Group until its eventual sale to Ares Management. Previously, he worked as a national sales executive at DWS Group, formerly Zurich Scudder Kemper Investments.
“The market of raising capital and deploying capital within real estate has evolved so much over these past 15 plus years, but what hasn’t changed is the value and performance that private real estate can provide in a client’s portfolio,” said Norris. “What appealed to me most about CrowdStreet was its investment thesis and their successful track record in deploying capital and realizing returns through full-cycle liquidity events and investments. I’m looking forward to joining CrowdStreet Advisors and helping to build on their already noteworthy successes.”
CrowdStreet Advisors LLC is a registered investment advisor that manages commercial real estate investments on behalf of its clients.