1. Can I sell my position to another investor?
Possibly, but not through the CrowdStreet marketplace. CrowdStreet is a direct to investor marketplace and not an asset sponsor as well as due to securities law we cannot facilitate the sale of one investor’s position to another. Should you have a need to exit your position please refer to your operating legal documents and seek guidance from legal and tax advisors. Once you have determined your options per your operating documents please reach out directly to the sponsor to discuss further. You can reach the sponsor by using the Ask a Question feature within the investor room for each of your investments, see a tutorial here.
Note that the legal documents governing a particular investment often have transfer restrictions limiting an investor’s ability to sell its position to another investor. Many legal documents restrict the ability for transfers to occur until 12 months have passed since the date of investment. For example, legal documents will often require an investor to obtain the sponsor’s prior approval before selling its interests to another investor.
2. Can I gift or otherwise transfer my position to another investor including other family members?
Possibly, but not through the CrowdStreet marketplace. See the answer to question one, in summary CrowdStreet cannot serve as a facilitator of such a transfer, investors will need to reach out directly to sponsors to discuss their options in accordance with offering legal documents.
Most legal documents permit transfers to immediate family or for estate planning purposes, but investors will need to review the governing documents of each investment to confirm. We also recommend reaching out to the sponsor prior to initiating any transfer. You can reach the sponsor by using the Ask a Question feature within the investor room for each of your investments, see a tutorial here.
3. Can I designate successors or heirs for my investment?
CrowdStreet’s software does not enable the specific identification of successors. However, if you wish to add non-investor members, you can do so by navigating here to review to your investing entities and add investors as a proxy role with no signing authority at this link.
Please note that this will enable the people you add to view all documents related to your investment and any outstanding offers, including tax documents which will contain sensitive personal information. Please use discretion when adding successors to your entities.
4. What happens to my investment when I pass away?
When an investor passes away, those that are managing the estate will generally need to provide the asset sponsor and/or CrowdStreet proof of death so that arrangements can be made to update the legal ownership for the position. Please reach out to CrowdStreet Investor Relations should you need more information: email@example.com.