‘’’Prodigy Network’’’ is an online real-estate

crowdfunding Crowdfunding is the practice of funding a project or venture by raising money from a large number of people, typically via the internet. Crowdfunding is a form of crowdsourcing and alternative finance. In 2015, over was raised worldwide by crow ...

platform that crowdfunds real-estate investments supported by capital from individual and institutional investors. Its platform provides tools for investors to browse investments, perform

due diligence Due diligence is the investigation or exercise of care that a reasonable business or person is normally expected to take before entering into an agreement or contract with another party or an act with a certain standard of care. It can be a l ...

and invest online. It is marketed to international investors and to accredited investors in the

United States The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territorie ...

, and has raised $600 million from investors in 37 countries.

History

Prodigy Network was founded in 2003 by Rodrigo Nino as a network of brokers interested in offering real-estate investments. After the

JOBS Act The Jumpstart Our Business Startups Act, or JOBS Act, is a law intended to encourage funding of small businesses in the United States by easing many of the country's securities regulations. It passed with bipartisan support, and was signed into ...

was enacted, Prodigy Network launched its first crowdfunding campaign in

New York City New York, often called New York City or NYC, is the List of United States cities by population, most populous city in the United States. With a 2020 population of 8,804,190 distributed over , New York City is also the L ...

from its building on

Wall Street Wall Street is an eight-block-long street in the Financial District of Lower Manhattan in New York City. It runs between Broadway in the west to South Street and the East River in the east. The term "Wall Street" has become a metonym for t ...

. In October 2013, Prodigy Network financed a landmark building located in New York’s Financial District. By November 2013 Prodigy raised $200 million with the completion of a crowdfunding campaign for the tallest building in the country in Bogotá, Colombia. In June 2014, the company raised $12 million through a crowdfunding campaign for a building next to the

United Nations The United Nations (UN) is an intergovernmental organization whose stated purposes are to maintain international peace and international security, security, develop friendly relations among nations, achieve international cooperation, and be ...

headquarters. Around this time, the company ran a “design competition” to crowdsource design opportunities for the coworking and hotel space in 17 John and awarded winners. In September 2014, the company finalized the crowdfunding campaign for 17 John St., a commercial building near

Fulton Center Fulton Center is a subway and retail complex centered at the intersection of Fulton Street and Broadway in Lower Manhattan, New York City. The complex was built as part of a $1.4 billion project by the Metropolitan Transportation Authority ...

. In 2015,

Time Time is the continued sequence of existence and events that occurs in an apparently irreversible succession from the past, through the present, into the future. It is a component quantity of various measurements used to sequence events, to ...

magazine reported on the opening of AKA

, an extended-stay property near the United Nations that was termed the “first crowdfunded condo.” In August 2015, the company launched a campaign for a property near the

Flatiron Building The Flatiron Building, originally the Fuller Building, is a triangular 22-story, steel-framed landmarked building at 175 Fifth Avenue in the eponymous Flatiron District neighborhood of the Boroughs of New York City, borough of Manhattan in New ...

and

Madison Square Park Madison Square is a public square formed by the intersection of Fifth Avenue and Broadway at 23rd Street in the New York City borough of Manhattan. The square was named for Founding Father James Madison, fourth President of the United States. ...

. In 2016, Prodigy Network raised funds for The Assemblage / Park, located in the NoMad neighborhood of Manhattan, and was acquired in June 2017. In 2017, The

New York Times ''The New York Times'' (''the Times'', ''NYT'', or the Gray Lady) is a daily newspaper based in New York City with a worldwide readership reported in 2020 to comprise a declining 840,000 paid print subscribers, and a growing 6 million paid d ...

reported Prodigy Network’s launch of its first coworking space, The Assemblage in NoMad. The property was designed by renown company

Meyer Davis Meyer Davis is an internationally recognized interior design boutique with offices in New York City, Los Angeles, Miami, and London. Founded in 1999 by friends Will Meyer and Gray Davis, the firm specializes equally in residential, hospitality, ...

, as a venue to facilitate consciousness and collaboration. The property officially launched in November, and operates under four memberships with prices ranging between $200 and $6,500.

Products

Prodigy Network focuses on investing in coworking and co-living spaces and mixed-use real estate. Its projects have included extended stay hotels, office towers, shopping center units, and condominiums. Its portfolio of six New York and two Colombian projects has a total value of $875 million.

References

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External links

Prodigy Network official website
Real estate companies established in 2003 Real estate companies of the United States

History

Products

See also

References

External links