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Streitwise

Raising nowOperating

1st stREIT Office Inc.

Real Estate · Los Angeles, CA · Founded 2016

8-9% target dividends through a professionally-managed office building portfolio

Raising nowRaising now

This company has an open fundraising round.

$0 raised
View the live round
Estimated pre-money ⓘ
$12.2M
As of Feb 2024 · from Reg A Offering (2023) · our estimate: offering price × shares outstanding, not a stated valuation
Total raised
$230,087
Crowd $155K · Private $75K · 5 rounds since 2017
Latest share price
$7.01
Reg A+ · Equity · Feb 2024 offering price · down round

Financials

FY2016–FY2025 · from SEC filings · hover any figure for its source
$7.3M
−$179K
2018
$11.1M
−$497K
2019
$11.6M
−$49K
2020
−$147K
2021
$5.5M
−$1.2M
2022
$381K
2023
$1.4M
2024
2025
RevenueNet income — beside revenue when positive, below the line when a loss

Chart shows the most recent 8 fiscal years; 2 earlier years are in the table below.

Metric
FY2016 audited
FY2017 audited
FY2018 audited
FY2019 audited
FY2020 audited
FY2021 audited
FY2022 audited
FY2023 audited
FY2024 audited
FY2025 audited
Income statement
Revenue
$933,258
$7,065,914
$7,314,570
$11,106,420
$11,562,533
—
$5,516,844
—
—
—
Cost of goods sold
$0
—
—
$3,868,680
—
—
$2,982,035
—
—
—
Gross margin
100%
—
—
65%
—
—
46%
—
—
—
Net income
$0
-$212,868
-$179,125
-$497,271
-$48,645
-$146,582
-$1,234,820
$381,310
$1,370,676
—
Balance sheet
Cash
$1,333,566
$2,489,665
$2,745,967
$3,346,091
$3,573,618
$6,394,817
$3,642,347
$3,422,291
$3,235,292
$2,191,194
Accounts receivable
$0
—
—
$3,676,630
—
—
$4,357,965
—
—
—
Total assets
$31,066,480
$30,185,182
$28,722,010
$62,062,977
$60,501,752
$60,029,714
$54,356,679
$73,098,755
$61,335,810
$57,815,992
Long-term debt
$0
—
—
$40,992,513
—
—
$39,415,873
—
—
—
Total liabilities
$23,727,712
$26,170,201
$25,787,413
$53,985,141
$51,637,452
$48,997,539
$43,877,085
$46,297,283
$46,336,628
$44,348,963
Other
Headcount
0
—
—
0
—
—
0
—
—
—

Figures as reported by the issuer in the filing shown on hover. Each year’s pill shows the assurance level of its filed statements — audited, reviewed (CPA review, less than an audit), or unaudited, as the filing’s own report or certification states it. A dashed pill marked * is inferred instead: the SEC minimum for an offering that size, which the issuer may have exceeded. No pill means we couldn’t tell. Headcount is the filing’s point-in-time count, not a year-end average. Manually corrected figures are marked “Corrected”.

Valuation over rounds

Pre-money — the valuation set before each round’s money came in
$8.0M
est. pre-money
$6.0M
est. pre-money
$12.2M
est. pre-money
Reg A+ · Equity · Oct 2020
Reg A+ · Common · Dec 2020
Reg A+ · Equity · Feb 2024

Dotted grey bars are our estimate for rounds that didn't state one: the round's share price × the shares outstanding in its filings. Same measure as blue, but rougher.

Share price over rounds

$10.07$5.035$7.01
Dec 2020Feb 2024
Round offering price or verified disclosed saleDisclosed sale, unverified or year-onlyDown round · Feb 2024 (-30.4%)

Disclosed sales come from the issuer's own filings (prior-offering lines, audited-statement notes) and are amount ÷ securities sold. A down round is a firm point more than 25 % below the previous firm point of the same share class on a comparable basis; the comparison ignores unverified and year-only lines.

Cap table

Share counts as of Jan 14, 2026
ClassOutstandingVotes / shareShare of totalLast price
Common Stock1,851,459—100.0%$7.01Feb 2024

Shares outstanding over timein today's share terms

1.9M952K0
Jun 2017Jan 2026
Common StockRound opened

Principal holders% as the filing states it, Apr 17, 2026

  • Bruce Karsh3,145,210 Common Stock56.3%of company
  • Jeffrey Karsh515,681 Common Stock9.24%of company
  • Justin Fromm1,603 Common Stock—of votes
  • Everyone else (not named in filings)34.4%

Sold to the crowd

From the company's SEC filings: share counts per class, each class's voting and conversion terms, and the holders of 20% or more that Form C requires (officers and 10%+ holders on Form 1-A). Filings name only large holders, so most owners — including crowd investors — are not listed, and a holder's percentage may be of its own class rather than of the whole company. Prices and crowd share counts are in today's share terms — adjusted for splits and conversions since they were sold. Hover a figure for its filing.

Fundraising history

Raised $0 / $48MEst. pre-money $12.2M
Raised $75K
Raised $155.1K / $45.2MInvestors 91Est. pre-money $6M
Raised $0 / $45.7MEst. pre-money $8M
Raised $0 / $50M

Team

5 people
Jeffrey Karsh
Director, Chief Executive Officer, Chief Investment Officer
Andrew Kowell
Chief Operating Officer
Janet Pudelko
Chief Financial Officer
Greg Rollman
Director, Member of the Investment Committee
Justin Fromm
Director

Names and titles as disclosed on SEC Form 1-A. Bios and photos come from the platform campaign page and may be out of date.

  • Form 1-USep 21, 20260001104659-26-109212
    EDGAR
  • Form 1-SASep 4, 20260001104659-26-105172
    EDGAR
  • Form 253G2Jun 18, 20260001104659-26-075620
    EDGAR
  • Form 1-UJun 18, 20260001104659-26-075614
    EDGAR
  • Form 1-KApr 17, 20260001104659-26-044880
    EDGAR
  • Form 1-UMar 18, 20260001104659-26-030780
    EDGAR
  • Form 253G2Mar 18, 20260001104659-26-030781
    EDGAR
  • Form 1-UMar 2, 20260001104659-26-022118
    EDGAR
Source: ManualCIK 0001700461MDShare price $7.01

About this data. Figures are compiled from public sources — SEC EDGAR filings (Form C, C-AR, 1-A, 1-K) and funding-platform pages — and may be delayed, incomplete, or restated by the issuer. Financial statements are as reported by the issuer; each year is labeled with its assurance level (audited / reviewed / unaudited). A valuation cap is the conversion ceiling of a SAFE or convertible note, not an agreed company valuation; post-money figures are computed as pre-money plus amount raised and are not a traded price. Crowdonomics is not a broker-dealer, funding portal, or investment adviser; nothing here is investment advice or an offer to sell securities. Verify all figures against the linked EDGAR filings.