Promised vs realized
Two populations: targets on published offerings, realized figures on exits with a disclosed outcome. Read side by side, never as one number.
Promised (median target)
10.5%
4,340 offerings with a stated target
Realized (median IRR)
14.4%
274 exits with a realized IRR
Middle half 6.5% to 23.5% · 21% negative · targets: middle half 10.0% to 12.0%
| Measure | Value | n |
|---|---|---|
| Median multiple on cost | 1.40x | 270 |
| Median hold | 3 yrs | n/a |
| Exits recorded as a loss | 24% | 319 |
| Latest exit | 2026-09-01 | n/a |
| Platform | Exits | Median IRR | Median multiple | Loss rate |
|---|---|---|---|---|
| CrowdStreet | 216 | 16.3% | 1.54x | 23% |
| EquityMultiple | 58 | 11.7% | 1.17x | 16% |
| Roots | 20 | n/a | 1.10x | 0% |
| Landa | 18 | n/a | n/a | 89% |
| DiversyFund | 2 | n/a | n/a | 50% |
| Small Change | 2 | n/a | n/a | 0% |
| CalTier | 2 | n/a | n/a | 50% |
| Streitwise | 1 | n/a | n/a | 0% |
Source: AltStreet platform_exits (filing-sourced dispositions, 1-K asset sales and platform-reported exits) and published offering terms. Realized figures cover exits with a disclosed outcome, which over-represents platforms that disclose; a loss rate counts exits recorded as a loss over exits with any recorded type.
