When ‘invest like the 1%’ fails: How Yieldstreet’s real estate bets left customers with massive losses

## Yieldstreet’s Real Estate Woes: A Cautionary Tale

This article from CNBC details the struggles of Yieldstreet, a platform that promised retail investors access to alternative investments like real estate, typically reserved for the wealthy. However, many investors are now facing significant losses.

• The Promise: Yieldstreet attracted investors with the promise of high returns and diversification through investments in real estate and other alternative assets.
• The Reality: Many investors are now facing substantial losses on their investments, with some projects declared total losses.
• Specific Examples: The article highlights specific real estate projects in cities like Nashville, New York, and Atlanta that have resulted in significant financial setbacks for investors.
• Market Conditions: Rising interest rates and challenging market conditions have negatively impacted the value of real estate projects, contributing to the losses.
• Lack of Transparency: Investors have expressed frustration with delays in updates and a lack of transparency regarding the performance of their investments.
• SEC Involvement: One investor has filed a complaint with the SEC, alleging that Yieldstreet misled investors. The SEC previously fined Yieldstreet for issues related to a marine loan.
• Company Response: Yieldstreet attributes the losses to market conditions and has sought to raise additional funds to rescue some of the troubled deals.
• The Bigger Picture: The article suggests that the problems are systemic, with many real estate deals facing difficulties.

For the full story, read the original article on CNBC: [https://www.cnbc.com/2024/06/12/yieldstreet-investors-face-losses-in-real-estate-deals.html](https://www.cnbc.com/2024/06/12/yieldstreet-investors-face-losses-in-real-estate-deals.html)