First Ever Crowdfunded Skyscraper
BD Bacatá is the world’s first crowdfunded Skyscraper located in Bogota, Columbia. They explain how existing skyscrapers are built by the rich and large corporations and now a new approach to funding gives investment opportunities to the people of Columbia to own real estate in a whole new way.
Investors of the BD Bacatá buy portions of the building called “Fidi”, Figure International Real Estate Investment. The abbreviation doesn’t really match the english explanation because it really stands for Fédération Internationale des Déménageurs Internationaux, but whatever. Think of Fidis as buying stocks in a corporation. Or better yet a time share.
This 60 story building will not be the first and only crowdfunded opportunity to own real estate. I would expect a boom of this style of crowdfunding to take place.
To learn more about the building read the ArchDaily article. Also visit their BD Bacata website here.
