Crowd funding a commercial flip on Schenectady

whynot_31

259 - 261 Schenectady, Crown Heights

https://www.morningstar.com/news/pr-news-wire/PRNews_20151202NY66720/cityfunders-announces-crown-heights-investment-available-to-the-crowd.html

I've heard of REITs, but this is slightly different:    A small group of investors is buying one building.

 

whynot_31

Future:

http://www.crowdfundinsider.com/2015/12/78130-cityfunders-unveils-investment-in-new-york-citys-crown-heights-neighborhood/

"Goodwill Industries, a provider of behavioral health services has fully leased half of the ground floor and the entire second floor for five years. "

Assuming this project takes until 2017 to go online, I wonder if Goodwill will be able to afford the space in 2022.