Milwaukee-based real estate technology startup e-States is looking to lower the barrier of entry for everyday people considering investing in local commercial real estate projects.
The blockchain-based platform, which launched last September, found its first partner in Madison-based developer The Neutral Project. The firm’s 32-story The Edison apartment tower planned in downtown Milwaukee became the first listing on e-States in December.
Through the e-States platform, anybody can go online, create an account, go through a streamlined screening process and purchase however many shares they’d like for a specific development project. They will then have a digital wallet connected to the platform where their digital shares are housed. The startup charges a technology fee to real estate companies for each property that is listed on its platform, but the technology is free for users.
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