PeerRealty One of Five Crowdfunding Platforms to Acquire Tycoon Real Estate

PeerRealty, along with fellow crowdfunding platforms Patch of Land, American Homeowner Preservation, CrowdFranchise, and EquityRoots, announced today the joint acqusition of Tycoon Real Estate, a California-based real estate crowdfunding platform. Tycoon gained national attention earlier this year when CEO Aaron McDaniel showcased the company on ABC’s Shark Tank. While the sharks were not impressed, with Mark Cuban opining that Tycoon is “a rip off name,” PeerRealty CEO Jordan Fishfeld says that the acquisition gives these leading crowdfunding platforms a unique opportunity to “change the Tycoon portal into an educational platform to show the world why the Sharks were wrong about the industry.” Back in February, Jordan penned an article on the PeerRealty blog discussing the Shark Tank episode in more detail. This Crowdfund Insider article also has more information on the acquisition of Tycoon.