Recede: An Accelerator Program for Real Estate Developers

Recede is an accelerator program specifically designed for real estate developers and operators. Unlike traditional tech accelerators, which focus on startups and high-growth potential, Recede aims to address the unique challenges of the real estate industry. The founders, Rhett Bennett and Moses Kagan, recognized the lack of funding and support networks for aspiring real estate entrepreneurs and set out to create a program that provides intensive training, access to capital, and a community of like-minded individuals. Recede's approach goes beyond the typical model of funding and equity by incorporating the long-term nature of real estate projects, the need for fee-based earnings, and the importance of having a structure that aligns with the industry's dynamics. The first cohort of eight developers recently completed the program, benefiting from Recede's efforts to foster collaboration, provide education on real estate fundamentals, and introduce them to potential investors. With a positive response from both operators and investors, Recede plans to continue expanding its reach and impact in the real estate industry.