Real estate investment firm Madison Marquette today announced the launch of Napa Valley’s newest crowdfunded real estate investment opportunity, the Oxbow Public Market, on the RealCrowd platform.
Today, thousands of potential investors looking to sink their teeth into Napa Valley’s vibrant food and wine scene will have a chance to invest in the Oxbow Public Market, a booming artisanal marketplace developed by Oxbow Management and Steve Carlin, known for his work on San Francisco’s famous Ferry Building Marketplace. Madison Marquette will post the offering on RealCrowd to accredited US investors with a minimum investment of $50,000, opening up approximately $6 million of investment potential.
“This rare and innovative opportunity for the region means a virtually unlimited pool of potential investors now have the chance to enjoy and own a slice of Napa’s luxury wine country lifestyle.” said Eric Hohmann, President of Madison Marquette. “The Oxbow Public Market represents the best of Napa Valley artisanal food and wine culture, and we are thrilled to open this investment through the RealCrowd platform.”
“Many Napa visitors dream of investing in wine country, but they either don’t know what’s available or may not have the capital to go it alone,” said Adam Hooper, RealCrowd CEO. “RealCrowd is all about leveraging technology to open up high-value commercial real estate investment opportunities to the broadest community possible, and we are excited to team up with Madison Marquette to offer this crowdfunded opportunity.”
Known as “Napa’s public square,” Oxbow Public Market is a 40,000 square foot multi-vendor marketplace that specializes in locally sourced, artisanal products. Earlier this year, Madison Marquette and The Carlin Company completed a successful recapitalization of Oxbow in order to expand the property’s upscale shopping and dining experience. Oxbow Public Market opened in 2008 and houses many of the same tenants as the Ferry Building Marketplace in San Francisco, including Hog Island Oyster Co. and Gott’s Roadside.
About Madison Marquette: Madison Marquette is a private real estate investment and operating company. Founded in 1992, the firm’s primary focus is infill retail and urban mixed-use real estate in the major gateway markets in the United States. Madison Marquette specializes in enhancing the value of its projects through its integrated investment and services platform offering sourcing, acquisitions, asset management, leasing, property management, marketing, and development. Madison Marquette covers its key markets with senior investment and operating professionals in major cities around the country, including San Francisco, Los Angeles, Seattle, San Diego, New York, Philadelphia, Dallas, Fort Lauderdale and Washington DC. Notable Madison Marquette projects include: Bay Street Emeryville (San Francisco Bay Area), Manhattan Village (Manhattan Beach), Pacific Place (Seattle), LaBrea (Los Angeles), Mercato (Naples), Southwest Waterfront (Washington DC) and The Edge (Williamsburg).
About Steve Carlin/The Carlin Company: Steve Carlin is a retail marketplace developer and specialty food consultant working in a number of U.S. cities. He is the founder and CEO of The Carlin Company and has been directly involved in several benchmark projects over the last ten years, including the Ferry Building Marketplace in San Francisco, Oxbow Public Market in the Napa Valley, Napa Farms Market at San Francisco International Airport, and Berkshire Farms Market at Logan International Airport in Boston. He was also managing partner of Oakville Grocery Company, the benchmark West Coast specialty food chain, for 20 years. The Carlin Company was founded in 1999 with a simple goal: build great markets with a great vibe that allow discriminating consumers to buy direct from local producers, and provide the management, guidance, and expertise necessary to successfully implement the public market concept.
About RealCrowd: RealCrowd is the industry’s most active online marketplace that provides investors with direct access to institutional quality investment opportunities without any fees, increasing both access and returns. RealCrowd does this by providing institutional real estate companies (sponsors) with the technology that makes it easy for them to partner with a much larger pool of investors, resulting in significantly lower investment minimums than what they can manage today. The platform enables sponsors to reduce transaction timelines, efficiently reach a network of millions of investors, and automate every aspect of investor and transaction management. RealCrowd’s team is compromised of real estate industry professionals with over 30 years and $5 billion of combined transactional experience.