Real Estate Platform Comparison· Updated May 5, 2026
A side-by-side breakdown of returns, liquidity, fees, and trustworthiness to help you decide where to invest your money.
Cadre is a credible accredited-only commercial real estate platform with strong reported historical IRRs and institutional backing, but its $50,000 minimum, the January 2024 acquisition by Yieldstreet (now Willow Wealth), and a 2018 Kushner Cos. property controversy mean retail investors and platform-trust-sensitive investors should weigh it carefully.
Mogul is a polished, premium-positioned fractional rental platform with a $250 minimum, monthly distributions, and a 12% hurdle rate on listings. The team's institutional pedigree is real, but Mogul is newer and has a smaller portfolio than legacy peers — best paired with established platforms.
At a Glance
Pros & Cons
Institutional-quality commercial deals
Cadre curates commercial real estate offerings — multifamily apartments, office, hotels, industrial — that typically only institutional investors can access directly.
Established platform with track record
Founded in 2014, Cadre has reported approximately $184 million in cumulative gross distributions to investors and a roughly 17.8% historical IRR across realized deals.
Cadre Direct Access Fund
Investors who don't want to pick deals one-by-one can use the Cadre Direct Access Fund, which builds a diversified portfolio across roughly 15 high-growth U.S. markets.
Backed by a larger alt-investment platform
Since January 2024, Cadre has operated as part of Yieldstreet (rebranded to Willow Wealth in October 2025), a multi-asset alternatives platform with broader product distribution. Cadre's CEO Ryan Williams continues to lead the brand and Cadre's investment team transitioned with the deal.
$50,000 minimum
Cadre's typical direct-deal minimum is $50,000 — among the highest in our comparison set. Spreading capital across multiple deals (the prudent diversification strategy) requires several hundred thousand in available capital.
Accredited investors only
Cadre is closed to non-accredited investors. You must verify $200K+ income (or $300K+ jointly), $1M+ net worth excluding primary residence, or hold relevant financial licenses.
5–8 year hold periods, limited liquidity
Cadre deals typically run 5–8 years with no formal early-exit option. Sponsors decide when to liquidate. Capital should be considered locked for the full hold.
Now part of Willow Wealth (formerly Yieldstreet)
Yieldstreet completed its acquisition of Cadre on January 23, 2024 and rebranded the parent platform to Willow Wealth in October 2025. Investors who want a fully independent commercial real estate platform should factor in that Cadre's parent company has faced significant investor-loss coverage tied to other (non-Cadre) parts of its business.
2018 Kushner Cos. controversy
In 2018, Fortune Magazine and Bloomberg reported Cadre benefited from misleading rent filings on a Kushner Cos. property deal. The episode prompted significant scrutiny of the platform's underwriting and disclosure practices.
Limited public transparency
Independent reviewers (notably the Real Estate Crowdfunding Review) have flagged Cadre for declining to answer detailed performance and methodology questions. The platform reports its own IRR figures but external scrutiny is limited.
Monthly distributions
Mogul pays monthly distributions to investors — more frequent than the quarterly cadence used by most peer platforms in the SFR fractional space.
12% minimum hurdle rate per property
Mogul publicly states a 12% minimum hurdle rate for properties listed on the platform. While not a guarantee, the underwriting bar is more transparent than many peers.
Institutional founding team
Founded by former Goldman Sachs executives. The team brings institutional underwriting experience to the fractional retail space.
Sun Belt focus
Properties are primarily located in high-growth Sun Belt markets — Texas, Arizona, Florida — that have driven outsized rental demand over the last several years.
$250 minimum
Investors can get started with $250 per property — accessible enough for most retail investors to test the platform without committing large capital.
Newer platform with limited track record
Mogul is newer than legacy peers like Fundrise (2010) and Groundfloor (2013). Reported headline returns of ~18.8% should be treated as platform-marketed rather than fully realized across many vintages.
Smaller portfolio than scaled peers
Mogul lists a relatively small set of curated properties — meaningful for a newer platform but smaller than scaled peers running into the hundreds or thousands. Diversification options within the platform are still narrow.
Limited secondary liquidity
Like most fractional SFR platforms, secondary-market liquidity is constrained. Mogul has not publicly disclosed a SEC-registered secondary market like Ark7.
Geographic concentration risk
Heavy Sun Belt focus is a double-edged sword: the region has strong rental demand, but a regional downturn would hit Mogul investors disproportionately.
Deep Dive
What You're Investing In
Individual commercial real estate deals (multifamily apartments, office, hotels, industrial) and the Cadre Direct Access Fund. Both carry meaningful minimums and accreditation requirements. Cadre branding lives inside the broader Willow Wealth platform.
Curated single-family rentals (typically priced $500K–$1M each), primarily located in Sun Belt growth markets. Each property is fractionalized into shares investors can purchase from $250.
Property Locations
The Cadre Direct Access Fund covers approximately 15 high-growth U.S. markets, with concentration in Sun Belt metros. Direct deals are sourced across the U.S.
Sun Belt focus: Texas, Arizona, Florida, with selective expansion. The geographic concentration is intentional but creates regional risk for investors who want broader U.S. diversification.
Expected Returns
Cadre reports a historical IRR of approximately 17.8% across realized deals and roughly $184 million in cumulative gross distributions. Advertised target returns on individual offerings typically range 10–15%. Past performance is platform-reported and not independently audited.
Mogul-listed properties target rental yields of approximately 7–12% with monthly distributions. Expected annual IRRs on listed properties range 15–20% per Mogul's underwriting. Mogul reports an average yearly return of 18.8% — investors should treat this as platform-marketed rather than fully realized across many vintages.
Fees
Cadre's fee structure varies by offering and includes both platform-level and sponsor-level fees. Read each deal's fee schedule carefully. Fund products typically include both management and carried-interest fees.
Fee structure varies by offering. Read each property's fee disclosure carefully — sourcing, asset management, and property management fees all impact net investor returns.
Liquidity
Typical hold periods run 5–8 years. Sponsors decide when to liquidate; investors do not control exit timing.
Long-term hold expected (5+ years typical for SFR fractional structures). Mogul has not publicly disclosed a formal secondary market.
Who Can Invest
Accredited investors only. SEC accreditation requirements apply: $200,000+ annual income (or $300,000+ jointly), $1,000,000+ net worth excluding primary residence, or holding relevant financial licenses.
Open to U.S. investors. Specific accreditation requirements vary by offering — verify on the platform.
The Verdict
Cadre is a credible institutional-quality commercial real estate platform with a strong reported track record and a diversified fund product. The $50,000 minimum and accredited-only access already limit it to high-net-worth investors, and the January 2024 acquisition by Yieldstreet — now Willow Wealth — plus the lingering 2018 Kushner Cos. controversy and limited public transparency add additional considerations. High-net-worth investors who already have institutional CRE exposure may still find selective value here, but most retail investors should look elsewhere.
Full Cadre review →Mogul is a credible, premium-positioned newer entrant in fractional real estate. The $250 minimum, monthly distributions, 12% hurdle rate, and ex-Goldman Sachs founding team make it more interesting than most newer platforms. But its smaller portfolio size, Sun Belt geographic concentration, and shorter operating history mean it works best as a smaller piece of a diversified fractional portfolio, not as a single primary holding.
Full Mogul review →Bottom Line
Mogul scores higher (3.5/5) and edges out Cadre on our investment quality criteria.
Mogul is a polished, premium-positioned fractional rental platform with a $250 minimum, monthly distributions, and a 12% hurdle rate on listings. The team's institutional pedigree is real, but Mogul is newer and has a smaller portfolio than legacy peers — best paired with established platforms.
Frequently Asked Questions
Based on our scoring criteria — returns, fees, liquidity, transparency, minimums, and track record — Mogul (3.5/5) scores higher than Cadre (2.5/5). Mogul is a polished, premium-positioned fractional rental platform with a $250 minimum, monthly distributions, and a 12% hurdle rate on listings. The team's institutional pedigree is real, but Mogul is newer and has a smaller portfolio than legacy peers — best paired with established platforms.
Cadre's minimum investment is $50,000 (typical direct deal). Mogul's minimum investment is $250.
Cadre: Typical hold periods run 5–8 years. Sponsors decide when to liquidate; investors do not control exit timing. Mogul: Long-term hold expected (5+ years typical for SFR fractional structures). Mogul has not publicly disclosed a formal secondary market.
Cadre reports average yearly returns of ~17.8% historical IRR per Cadre's own platform reporting. Mogul reports average yearly returns of Listed properties target 7–12% rental yield + appreciation; 12% minimum hurdle rate. Past performance does not guarantee future results.
One of the most flexible ways to invest in real estate
$50 minimums · Daily rent payouts · No lock-up periods · 24/7 exchange