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Updated 12 months ago,
Raising equity for ADU deals in CA
Hi Bigger Pockets Community,
We currently manage 1000 odd doors across two cities in the co-living space in an opco/propco structure. Over 3.5 years we have built both brand, data and the customer experience required to help us scale the propco business across our targeted geographies. ROI on cost is circa 7-8% post ADU addition generating NAV of between 20-30%
and we are operating at close to 100% occupancy with a pipeline of circa $200m in line of site.
To date we have self funded most of our developments and are fairly new to the private/institutional capital space. We are looking for the best way to get introduced to family offices and or institutions who may have an interest in what we are doing.
How best should we go about doing so save for cold reach outs on Linkedin etc?
Thanks for your help and advice in advance!
Regards,