News & Media
As we bid farewell to 2023, it’s time to reflect on the milestones and strategic decisions that shaped Nest Opportunity Fund’s journey as the year came to an end. From financing endeavors to leasing successes and upcoming opportunities in personal financial planning, let’s delve into the analytics that defined our path and set the stage for the future.
Leasing Triumphs and Challenges
A substantial growth spurt in leasing marked the end of last year, fueled by the completion and occupancy of properties within Series A. Presently, 33 properties are generating a monthly cashflow of $77,000. However, the journey wasn’t without its challenges.
An uptick in vacancies, partly due to new properties coming online and challenges with our Lexington property manager’s personnel turnover, prompted strategic actions. We intensified communication, redirected rehab resources to assist with heavier turns, and are confident that the ship is turning in the right direction.
In Columbus, a smooth transition to a new property manager has taken place, with promising results anticipated in the early months of the upcoming year.
In the last few months of 2023, 33 rehab projects have been successfully completed and others are close to completion.
Look For Even More Growth This Year!
As we reflect on the achievements and challenges of 2023, Nest Opportunity Fund remains dedicated to strategic growth, financial stability, and providing value to our investors. The journey continues into the new year, with an unwavering commitment to navigating the ever-evolving landscape of opportunity zones and ensuring our investors are well-positioned for success. Ready to join us on this journey? Reach out today to explore the opportunities that lie ahead.