CrowdStreet Annual Disclosure

Dear CrowdStreet Member,

Periodically, CrowdStreet Capital, LLC, a registered broker-dealer, provides you with important information and disclosures. 

Once you have read the important disclosures below, please take this opportunity to log into your Investing Account(s) and review your contact information, employment information, financial information, investment objectives, and trusted contact, to ensure it is current and correct. Should you need assistance or have any questions or concerns please contact [email protected]. If no changes are made to your Investing Account, this will be taken as confirmation that your information is current and correct. 

Thank you for being part of the CrowdStreet community.

Regards, 

CrowdStreet Investor Relations

CrowdStreet Capital, LLC

CrowdStreet Capital, LLC (“CrowdStreet Capital”), a broker-dealer registered with FINRA and a member of SIPC, offers brokerage services to accredited retail investors, specifically providing investors with an internet-based platform, the Marketplace, that offers private placement securities, specifically commercial real estate investment opportunities. CrowdStreet Capital does not provide tax, legal, or accounting advice.  Information on all FINRA registered representatives can be found on FINRA’s BrokerCheck. Users may receive brokerage services only after signing an Account Agreement. 

CrowdStreet Capital’s Form CRS

It is important for you to understand the differences between the types of products offered by CrowdStreet Capital and the fees and costs associated with those products. Our Client Relationship Summary, or Form CRS, is designed to provide you an easy to read overview of our services, conflicts associated with providing these services, and the cost to you. It also provides you with conversation starters or considerations you might want to discuss. The SEC provides free educational materials about investment advisors, brokerage services and investing as well as offers simple tools to help you research firms and financial professionals at www.investor.gov/CRS. Please see CrowdStreet Capital’s Form CRS.

Terms of Use

For important terms governing your access to and use of CrowdStreet’s website, please review our Terms of Use and our Legal Documents and Important Disclosures.

Privacy 

Your privacy is important to us. CrowdStreet and its affiliates are committed to maintaining the confidentiality and privacy of individuals who use our website and related services. Our privacy policy explains how we collect, use, and share information from users of our services. By using our services, you agree to the collection, use, disclosure and procedures our Privacy Policy describes. Please note that certain details of the privacy policy may depend on whether you invest directly on our Marketplace, are a customer of CrowdStreet Capital, or an investor in CrowdStreet Advisors’ Funds. Please see the complete CrowdStreet Privacy Policy for additional information.

California Resident Privacy Notice Our California Resident Privacy Notice supplements the information and disclosures contained in CrowdStreet’s Privacy Policy. It applies to individuals residing in California from whom we collect personal information as a business under the CCPA.

Risks of Commercial Real Estate (“CRE”) Investing

In connection with any investment you may consider and purchase, it is important to read, review and understand all related information, including but not limited to our Investment Risks Disclosure, all the features, risks, benefits, terms and conditions, as well as the other factors associated with the product or service, before making any financial decisions. In particular, it is your responsibility to read thoroughly the specific product materials you receive from the sponsor, including prospectuses and offering materials. All investments involve some degree of risk, and the outcome of any investment is uncertain. Investment opportunities available through CrowdStreet are speculative and involve substantial risk. Investors should not invest unless they can sustain the risk of loss of capital, including the risk of total loss of capital. Direct and indirect purchase of real property and commercial real estate involves significant risk, including, market risks, risks related to the sale of land, risks specific to a given property, principal risk and liquidity risk. All investors must make their own determination of whether or not to make an investment, based on their own independent evaluation of the investment and their risk tolerance. Investments should be chosen based on your objectives, timeframe, and risk tolerance. Investors should consult with a financial advisor, attorney, accountant, and any other professional that can help in understanding and assessing the risks associated with any investment opportunity and deciding if an investment is appropriate. Private placements are illiquid investments and are intended for investors who do not need a liquid investment.  

Business Continuity Plan

CrowdStreet has developed a Business Continuity Plan that describes how we will respond to events that significantly disrupt our business.  Please review our Business Continuity Summary Disclosure Statement for more information.

Additional CrowdStreet Capital Disclosures 

• The Financial Industry Regulatory Authority (“FINRA”) requires that we provide you with the following information concerning its BrokerCheck program.  You can obtain an investor brochure that includes information describing FINRA BrokerCheck directly from FINRA by calling the FINRA BrokerCheck hotline number at (800) 289-9999. The FINRA website address is www.finra.org.  
• Complaints.  Any client wishing to file a complaint against CrowdStreet Capital, please kindly report through one of the means indicated here: By mail: CrowdStreet HQ, 98 San Jacinto Blvd Suite 400, Austin, TX 78701, by email: [email protected], by telephone: (888) 432-7693. CrowdStreet will respond to you as promptly as possible.
• SIPC. SIPC protects customers of brokerage firms that are closed due to bankruptcy or other financial difficulty.  Each customer may be protected up to $500,000, including up to $250,000 in cash held in the account. SIPC will cover any missing customer securities when the brokerage fails, whether the securities are missing due to conversion, theft, unauthorized trading or other reasons. SIPC does not protect against ordinary market loss. Not every investment is protected by SIPC and some customers may be ineligible to have their claims satisfied with SIPC funds. More information can be found at www.sipc.org or by calling 1-202-371-8300, including the SIPC brochure, by contacting SIPC.
• Disclosure of Financial Condition.  CrowdStreet Capital will make available to inspection by any bona fide regular customer, upon request, the information relative to its financial condition as disclosed in its most recent balance sheet prepared either in accordance with our usual practice or as required by any state or federal securities laws thereunder. In lieu of making CrowdStreet Capital’s balance sheet available for inspection, we may deliver the balance sheet to the requesting bona fide regular customer in paper or electronic form, provided that, with respect to electronic delivery, the customer consents to receive the balance sheet in electronic form.
• Trusted Contact Disclosure. A Trusted Contact Person ("TCP") is someone who is 18 years of age or older that you authorize CrowdStreet to contact regarding your account, particularly if we suspect that your account may be subject to financial exploitation or we have concerns about your health status. Customers of advancing years who could experience declining cognitive ability or health issues may wish to designate a TCP on their account, but designating a TCP on your account is also useful for other reasons. For example, if CrowdStreet has been unable to contact you after multiple attempts, we could contact your designated TCP to obtain your current contact information. Designating a TCP on your account is solely your decision and is optional.
• Patriot Act Disclosure. Under the U.S. Patriot Act, we are required to establish and maintain an anti-money laundering program containing policies and procedures to know our customers. To help the government fight the funding of terrorism and money laundering activities, Federal law requires financial institutions to obtain, verify, and record information that identifies each person who establishes a relationship with the Firm. What this means for you: When you establish a relationship with the Firm, we will ask for your name, address, date of birth and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents.

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