Platform comparison
CrowdStreet Alternatives: Similar Platforms Compared
Crowd Street today
- Renamed
- May 29, 2025 (was CrowdStreet)
- What you buy
- Large managers' funds and REITs
- Who can invest
- Accredited only
- Minimum
- Typically from $5,000
- Investor fees
- 1.5% to 3.5% sales load, plus fund fees
- Getting money out
- Varies by fund
Form CRS dated May 18, 2026, and crowdstreet.com, checked Oct 20, 2026.
The short answer
The main CrowdStreet alternatives are sponsor marketplaces such as Relli for individual sponsor deals, and Fundrise or Arrived for low minimums and pooled funds. On a sponsor marketplace, you choose among deals from independent sponsors. Crowd Street (formerly CrowdStreet) itself now lists funds from large managers from $5,000, for accredited investors only.
Crowd Street today
- Renamed
- May 29, 2025 (was CrowdStreet)
- What you buy
- Large managers' funds and REITs
- Who can invest
- Accredited only
- Minimum
- Typically from $5,000
- Investor fees
- 1.5% to 3.5% sales load, plus fund fees
- Getting money out
- Varies by fund
Form CRS dated May 18, 2026, and crowdstreet.com, checked Oct 20, 2026.
- Crowd Street changed. Its offerings page lists 10 institutional funds and REITs, not single-sponsor deals (checked Oct 20, 2026).
- The SEC charged Nightingale, not CrowdStreet. The February 21, 2025 charges cover defrauding at least 700 investors of more than $52 million.
- Leaving investors want one of four things. The four are individual sponsor offerings, low-minimum pooled funds, rental-home shares or short-term notes.
- Crowd Street's fees come out of your investment. The sales load is typically 1.5% to 3.5%, plus fund fees (Form CRS, May 18, 2026).
In this guide · 10 sections
- Why do investors look for CrowdStreet alternatives?
- Which platforms are the main CrowdStreet alternatives?
- How do the CrowdStreet alternatives differ?
- What happened to CrowdStreet?
- Is CrowdStreet legit?
- What was the Nightingale case?
- Which CrowdStreet alternatives have lower minimums?
- What happened to RealtyMogul and Yieldstreet?
- Which platform is closest to the old CrowdStreet?
- Which six questions did Relli ask of each platform?
At a glance
Why do investors look for CrowdStreet alternatives?
Most people searching for a CrowdStreet alternative want one of four things the platform no longer offers, or never did.
- Individual deals from independent sponsors, which Crowd Street (formerly CrowdStreet) no longer lists.
- A minimum below $5,000.
- Access without accredited investor status.
- A way to sell before the investment ends.
No single platform covers all four. The table shows which platforms cover which.
Which platforms are the main CrowdStreet alternatives?
The main CrowdStreet alternatives compared here are Relli, EquityMultiple, Fundrise and Arrived. They are ordered by how close each is to the old CrowdStreet model of individual deals from many sponsors. Crowd Street itself sits in the first row for reference.
Every figure comes from the platform's own pages, its regulatory filings or a named secondary source. The filings are with the Securities and Exchange Commission (SEC) or the Financial Industry Regulatory Authority (FINRA).
| Platform | Who sponsors the deals | Who can invest | Minimum | Investor fees | Getting money out |
|---|---|---|---|---|---|
| Crowd Street (reference) | Large managers (funds and REITs) | Accredited | From $5,000 | 1.5% to 3.5% sales load, plus fund fees | Varies by fund |
| Relli | Many independent sponsors | Mostly accredited | From $25,000, set by each sponsor | $0 to Relli; sponsor fees apply | Hold to term |
| EquityMultiple | Mostly Larson Capital | Accredited | $5,000 notes; $25,000 standard offerings | 0.5% to 1.5% a year (NerdWallet) | Notes 3 to 9 months; offerings 5 to 7 years |
| Fundrise | Fundrise itself (its own funds) | Anyone | From $10 | 1% a year, plus fund expenses | Quarterly repurchases, capped |
| Arrived | Arrived itself (rental homes) | Anyone | From $100 | Sourcing fee up to 3.5%, plus management fees | Resale market after 6 months |
Platform by platform
How do the CrowdStreet alternatives differ?
Relli, EquityMultiple, Fundrise and Arrived differ most in who picks the investment and who can invest. Each card covers what you buy, who it suits and who it does not. Two names from older lists, RealtyMogul and Yieldstreet, have changed since 2025. Their status is further down the page.
Relli
Sponsor marketplace · Many established sponsors
- Minimum
- From $25,000
- Who can invest
- Mostly accredited
Relli is a private real estate marketplace. You compare offerings from many established, reviewed sponsors side by side, then talk directly to the sponsor running the one you pick. Each sponsor's track record and assets under management are on its sponsor page, and listed offerings have started from $25,000. Relli was founded in 2023, and a review before listing is not a guarantee of performance.
Good fit if you
- Want to choose among many sponsors
- Want larger commercial and multifamily deals
- Want to talk to the sponsor before you decide
Not a fit if you
- Want to start below $25,000
- May need the money back within a few years
- Want short-term notes or debt offerings
EquityMultiple
One main sponsor · Offerings and notes
- Minimum
- $5,000 notes
- Who can invest
- Accredited
EquityMultiple was a multi-sponsor platform similar to the old CrowdStreet, and the EquityMultiple vs Relli comparison covers what has changed. Since August 1, 2026, Larson Capital Management has operated it under a license. Larson "will sponsor and manage new investment offerings," according to the September 17, 2026 announcement. EquityMultiple, Inc. says it was not sold, and existing investments keep their terms. Alpine Notes run 3, 6 or 9 months, and its FAQ lists a standard minimum of $25,000 per offering. NerdWallet reports annual investor fees of generally 0.5% to 1.5% plus an admin fee, with no fee on short-term notes.
Good fit if you
- Are accredited and want short-term notes
- Are comfortable with one main sponsor
Not a fit if you
- Left CrowdStreet to pick among many independent sponsors
- Are not accredited
Fundrise
Single manager · Pooled funds
- Minimum
- $10
- Who can invest
- Anyone
Fundrise sells its own funds, so one manager picks, runs and values every property. It charges a 0.15% advisory fee plus a 0.85% management fee a year, plus fund expenses. As of June 30, 2026, its parent company reported $3.4 billion of assets under management and "over 404,000 active investor accounts." The interval funds make quarterly repurchase offers, recently for 5% of shares, and not every request has to be filled.
Good fit if you
- Want one diversified fund
- Want a very low minimum
- Are not accredited
Not a fit if you
- Want to choose individual properties or sponsors
- Need every withdrawal request filled
Arrived
Single sponsor · Home shares from $100
- Minimum
- $100
- Who can invest
- Anyone
Arrived buys rental homes itself and sells shares in each one, so Arrived is the sponsor of every offering. After a six-month hold, investors may list shares on Arrived's secondary market, which does not guarantee a sale or price. Arrived's adviser filing lists a sourcing fee of up to 3.5% for the vehicles it advises, plus asset and property management fees. Each property's offering circular sets its own fees.
Good fit if you
- Want to own slices of specific rental homes
- Want to start with a small amount
- Are not accredited
Not a fit if you
- Want commercial property
- Want to choose among different sponsors
Crowd Street today
What happened to CrowdStreet?
CrowdStreet renamed itself Crowd Street on May 29, 2025, and changed what it offers. The company began as a marketplace where accredited investors picked individual commercial real estate deals from many sponsors. On October 20, 2026, its offerings page listed no single-sponsor deal. It listed 10 pooled funds and non-traded real estate investment trusts (REITs) from large managers such as Nuveen, StepStone, PGIM and Clarion.
The new model is a menu of institutional funds, sold through Crowd Street's broker-dealer. In October 2025 the company announced funds from Nuveen and StepStone as part of that shift. The change matters most to investors who joined for individual sponsor deals.
Crowd Street is open to accredited investors only. Its offerings "typically have an investment minimum starting at $5,000," according to its Form CRS (client relationship summary) dated May 18, 2026. It charges investors no account fees. The funds it sells pay it instead, through sales loads of typically 1.5% to 3.5% taken from the amount invested. Relli vs CrowdStreet walks through its fees, minimums and how you get money out.
Is CrowdStreet legit?
Crowd Street operates through two registered firms. CrowdStreet Capital LLC is a FINRA broker-dealer (CRD 312762), and CrowdStreet Advisors, LLC is an investment adviser (CRD 299176). Both showed as active on FINRA BrokerCheck on October 20, 2026. Registration means the firms report to regulators. It does not mean any investment sold on the platform is safe. You can check both records yourself on BrokerCheck.
The Nightingale case
What was the Nightingale case?
The Nightingale case is an SEC fraud case against a real estate sponsor, Nightingale Properties, and its CEO. In 2023 CrowdStreet disclosed that investor funds in Nightingale offerings had been misused. On February 21, 2025, the SEC charged Nightingale Properties and Elie Schwartz with defrauding at least 700 investors of more than $52 million. The SEC did not charge CrowdStreet.
Investors then filed a class action against CrowdStreet on March 14, 2025, in federal court in Texas. In August 2025 the claims were sent to individual arbitration and the case was stayed, according to Bisnow. No class has been certified, and the company denies the claims.
For investors, the lasting lesson is that a platform's review of a sponsor is no substitute for checking the sponsor yourself. The sponsor due diligence checklist shows the free public records to search.
Minimums and older names
Which CrowdStreet alternatives have lower minimums?
Fundrise ($10) and Arrived ($100) have the lowest minimums of the platforms compared, and both accept non-accredited investors. EquityMultiple's Alpine Notes start at $5,000, the same as Crowd Street's typical minimum, but are for accredited investors only.
Low minimums usually come with a different product. A $10 or $100 investment buys a share of one manager's pooled fund or one rental home, not a stake in a sponsor's commercial deal. Direct sponsor offerings tend to start much higher.
Relli's analysis of SEC data covered 4,172 U.S. real estate offerings filed on Form D between October 1, 2025 and September 30, 2026. The median stated minimum was $50,000, and the middle half ranged from $25,000 to $100,000. The Form D study of private real estate minimums has the full breakdown.
What happened to RealtyMogul and Yieldstreet?
RealtyMogul paused its REIT repurchases in 2026, and Yieldstreet renamed itself Willow Wealth in late 2025.
RealtyMogul's two REITs suspended share repurchases on April 21, 2026, and its investment-opportunities page showed no live private placements on October 20, 2026. The RealtyMogul alternatives guide has the details.
For Yieldstreet, a CNBC investigation published December 5, 2025, tallied at least $208 million of investor losses on past offerings. See the Yieldstreet alternatives guide.
Closest match
Which platform is closest to the old CrowdStreet?
A sponsor marketplace is the closest model today to the old CrowdStreet. The cards below answer the other common questions.
Is Crowd Street going out of business?
Relli found no announcement that Crowd Street is closing, as of October 20, 2026. The company renamed itself in May 2025 and announced new institutional funds in October 2025. Its offerings page listed 10 funds and REITs on the day we checked.
Is Crowd Street still for accredited investors only?
Yes. Crowd Street's Form CRS dated May 18, 2026, says its offerings are for accredited investors. Fundrise and Arrived are the alternatives in this guide that accept non-accredited investors.
What is the closest alternative to the old CrowdStreet?
The old CrowdStreet let accredited investors pick individual deals from many sponsors. The closest model today is a sponsor marketplace, where independent sponsors list their own offerings and you choose among them. The sponsor marketplace guide explains how that model works.
How does CrowdStreet compare with Yieldstreet?
Crowd Street now sells only outside managers' funds to accredited investors. Willow Wealth (formerly Yieldstreet) mixes its own deals and funds with some outside managers' funds. See Yieldstreet alternatives.
What should I check before moving money to a new platform?
Check who sponsors the offering, how the platform is paid, and how you can get your money out. Then look up the sponsor and the platform's registered firms on BrokerCheck and the SEC's adviser search. The guide to choosing a platform has a full checklist.
Six checks
Which six questions did Relli ask of each platform?
Relli checked each platform on October 20, 2026, against the same six questions. The questions were what you buy, who can invest, the minimum, the fees investors pay, how the platform is paid, and how you get money out.
We used each platform's own pages first, then its SEC and FINRA records (Form CRS, BrokerCheck, the SEC's adviser search and EDGAR filings). Figures from press or review sites are named in the text.
- No platform paid to be included or reviewed this page.
- Platforms are ordered by how close each is to the old CrowdStreet model, not scored or ranked.
- Relli is included with the same facts and its limits, because it is a real option for some readers. You should also know who wrote the page.
Relli re-checks this page on a schedule, and when a platform changes its terms.
Sources
- Crowd Street Form CRS (client relationship summary), Crowd Street (May 18, 2026)
- Crowd Street offerings, Crowd Street (accessed Oct 20, 2026)
- Crowd Street launches new brand for private market investors, Crowd Street (May 29, 2025)
- Crowd Street expands private markets investing, Crowd Street (Oct 2, 2025)
- BrokerCheck: CrowdStreet Capital LLC (CRD 312762) and CrowdStreet Advisors, LLC (CRD 299176), FINRA (accessed Oct 20, 2026)
- SEC charges Nightingale Properties and its CEO (Litigation Release 26254), U.S. Securities and Exchange Commission (Feb 21, 2025)
- CrowdStreet accused of raising securities without a license in class action, Bisnow (2025)
- How Arrived works, Arrived (accessed Oct 20, 2026)
- Arrived Advisors, LLC (CRD 343847), Form ADV, SEC Investment Adviser Public Disclosure (Sep 2026)
- EquityMultiple and Larson Financial Holdings announce platform license, Newswire (Sep 17, 2026)
- EquityMultiple, EquityMultiple (accessed Oct 20, 2026)
- EquityMultiple FAQ (operator change and minimums), EquityMultiple (accessed Oct 20, 2026)
- EquityMultiple review, NerdWallet (Feb 2026)
- Fundrise fees, Fundrise (accessed Oct 20, 2026)
- Rise Companies Corp. quarterly report (Form 10-Q), SEC EDGAR (period ended Jun 30, 2026)
- Fundrise Flagship Fund repurchase offer (Form N-23C3A), SEC EDGAR (2026)
- Apartment Growth REIT, RealtyMogul (accessed Oct 20, 2026)
- Investment opportunities, RealtyMogul (accessed Oct 20, 2026)
- RealtyMogul Income REIT current report (Form 1-U), SEC EDGAR (Oct 2, 2026)
- CNBC investigation of Yieldstreet investor losses and the Willow Wealth rebrand, CNBC (Dec 5, 2025)
- Yieldstreet rebrands to Willow Wealth after investor losses of over $200 million, Crowdfund Insider (Jan 2026)
- Form D data sets, SEC Division of Economic and Risk Analysis (Oct 2025 to Sep 2026, pulled Oct 20, 2026)
- How Relli works, Relli (accessed Oct 20, 2026)
