@finprep, nice post resteemed, I agree many companies that have gone down the ICO path raised the $, but now have compliance issues.
Check out Relex sometime, it might be of interest, it did not ICO, but has achieved a fair bit in a short period and can legally crowd fund real estate developments up to $50 m in different parts of the world.
It is also funding community infrastructure projects in different parts of the world and are also offering in property investment funds via Canadian based Woodfine etc.