I like the RealCrowd idea, its one I've thought about off and on several times, especially when it comes to 'specialty' commercial real estate like data centers and startup incubators. This is something that has worked well for REITs but getting into a fund can be difficult and understanding risk is even more challenging unless you know the properties the fund buys or develops.
Regalii sounds like a complete fraud nightmare, be interested to see what they have in place to deal with it.