Chicago-based builder The Jacobs Company announced its partnership with RealtyShares, a marketplace for real estate investing, to finance a multi-family project through crowdfunding. The funds will help with a multifamily project in Deerfield.

  • The Jacobs Company and RealtyShares partner to crowdsource for new townhome development in Deerfield
  • The Jacobs Company is a family-owned staple celebrating its 80th anniversary this year
  • The project was funded within 18 days this summer

Chicago-based builder The Jacobs Company announced its partnership with RealtyShares, a marketplace for real estate investing, to finance a multi-family project through crowdfunding. The funds will help with a multifamily project in Deerfield.

The project, Taylor Junction, will add nine two- and three-story townhomes in the heart of downtown, an area that is in high demand. Located at 800 Chestnut St., the townhomes are expected to range in size from 2,200 square feet to 2,585 square feet.

“We were excited to place Taylor Junction on the RealtyShares platform because we believe passionately in the project and knew the public would, as well,” said Keith Jacobs, president and CEO of The Jacobs Companies, in a statement.

[Tweet “Taylor Junction was fully funded within 18 days “]

“The Jacobs Companies always has an eye on ‘what’s next.’ This new approach to real estate investment is perfectly aligned with how we have evolved in the 80 years it has been in business.”

The fundraising began on RealtyShares’ platform June 18, and in 18 days the development was fully funded. On July 6, the limit of $1.086 million was reached by the site’s network of accredited investors.

The Jacobs Company is influential in the local market, with its 80th anniversary being this year. The development company has completed 44 developments and more than 6,000 custom homes.

Email Kimberly Manning

Show Comments Hide Comments
Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Success!
Thank you for subscribing to Morning Headlines.
Back to top
×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription
×