subscribe to our newsletter
DomaCom signs agreement with crowdfunding site

DomaCom signs agreement with crowdfunding site

Reporter
27 April 2015

Fractional property platform manager DomaCom has announced it has signed an agreement to work with online crowd investing site EstateBaron.

Under the agreement, DomaCom will provide back-end online book-build process and compliance for properties listed by Estate Baron.

DomaCom chief executive Arthur Naoumidis said EstateBaron will leverage DomaCom’s book-build and fund management capabilities where smaller investors can be properly serviced in a regulated environment.

“Engaging with the new phenomena of property investment, crowdfunding is another first for DomaCom and further demonstrates the flexibility of our platform model,” said Mr Naoumidis.

“Estate Baron are also breaking new ground as the first real estate equity crowdfunding site to provide investment property via a regulated product.”

EstateBaron co-founder Moresh Kokane said he was attracted to the DomaCom model because of its efficient processing, which allows EstateBaron to focus on connecting with smaller investors and opportunities in real estate.

“DomaCom’s fully compliant fund manager capabilities, access to secondary market and efficient execution sealed the deal for us,” said Mr Kokane.

While the firm's model appeals to investors from the traditional adviser networks, it also expects that a new market for the platform will emerge from crowdfunders who want to use the regulated structure.

The company believes this will create a flow-on effect that will benefit DomaCom-accredited financial advisers since they can provide the sign-off that Estate Baron requires.

DomaCom signs agreement with crowdfunding site
smsfadviser logo
  • 23
    Days
  • 07
    Hours
  • 54
    Minutes
  • 01
    Seconds

SMSF Summit is nearly here!
Have you got your ticket?

join the discussion

What do you plan to do in response to the new adviser education standards?

SUBSCRIBE TO THE
SMSF ADVISER BULLETIN

Get the latest news and opinions delivered to your inbox each morning

In this month's issue:

  • Time wrap
  • The tech bull run
  • From hobby to passion
  • Golden Years
  • An untimely reminder
  • Why change is so difficult
  • Key Strategies for equalising super