A Midwest-focused crowdfudning site for real estate investments has launched in Chicago and looks to connect investors to high-quality real estate investment opportunities.

Chicago-based PeerRealty officially launched last month and provides a platform for accredited investors to invest in properties for as little at $5,000. Investors can invest directly with real estate developers in the Midwest, giving middle-market investors access to more developers and sponsors in the real estate marketplace.

“No investment portfolio can be truly diversified without a real estate component,” said PeerRealty CEO Jordan Fishfield. “We provide all the necessary information one would need to make a true investment decision.”

Here’s how it works: Investors go through the platform to find deals that interest them. Once they select a deal, they make a reservation, are checked by PeerRealty to make sure they are accredited (have an annual individual income over $200,000 per year, $300,000 per couple, or a net worth of more than $1 million), select the amount, transfer investment funds, and sign the documents online.

Real-estate crowdfunding was a $1 billion industry in 2014, and it is expected to grow to more than $2.5 billion in 2015.

PeerRealty is also one of five Chicago startups selected for the Elmspring Real Estate Incubator at 1871, along with CondoGrade, which grades the financial health of condominium associations; Megalytics, a comprehensive portal for business risk evaluations based on real-time third-party data; CampNative, a platform to book campsites around the world; and HerbFront, a startup devoted to the legal cannabis real estate market.

“The Elmspring partnership is fantastic,” Fishfield said. “The capital provided was nice, but the real benefit of joining is the founders and operators of Elmspring are real estate operators themselves. Having those investment advisors has been tremendous.”