CrowdStreet said it has raised over $1 billion for commercial real estate deals through its online crowdfunding platform.

This announcement may signal a point of stability in real estate crowdfunding, where many startups have failed and others still struggle with underperforming assets.

Crowdstreet offers tools to allow people to invest in commercial real estate even if they lack the pool of capital that is tradiditonally needed to enter the market. CrowdStreet’s online marketplace launched in 2014, and the Oregon-based firms says it has over 80,000 investors and 193 operators and developers that have used it.

2019 saw the company reach it’s stride as it raised over $500 million for 111 offerings. One of the projects funded through the platform was Phoenix Development Partners’ 349-room dual-branded Hilton in downtown Chicago. For that deal, 200 investors poured in more than $10 million for the building’s redevelopment, according to CrowdStreet.

CrowdStreet last year also locked down $12 million in Series C financing, upping its total fundraising to $25 million.

A large number of crowdfunding companies came on the scene around 2013, when a shift in U.S. securities law made it possible to expand crowdfunding for certain types of investments. For commercial real estate, the change was seen at the time as a way to make the investment class more accessible to a bigger pool of investors. But despite an early appeal to Venture Capital firms, institutional interest in real estate crowdfunding has fallen off significantly. This has led some companies, like Fundrise, to shift their models away from crowdfunding. Others, like the popular platform RealtyShares, have stopped operating entirely.