Nest Opportunity Fund® June 2022 Update

We built Nest originally for ourselves to invest in conservative, smaller, residential real estate. We are patient and focus on day-to-day execution. We wish to reinvest income over time if our underwriting standards are met. We are long-term investors in the growing cities of Columbus, OH and Lexington, KY.

Webinar – Thursday, June 16th at 1:00 pm EST

Register for our next Webinar! Bring your questions about upcoming legislation, and come prepared to learn about the Opportunity Zone benefits!

Making Sense of the Newest OZ Bill

While partisan political battles in Washington command the headlines, Opportunity Zones have quietly earned bipartisan support in Congress, and there is legislation pending to strengthen OZs to make them more accountable, transparent and attractive to investors.

Operations Update: June 2022

Rehab Operations

We focused on completing our Lexington projects, so we moved from initial rehab to final stage. That said, our Lexington operations have completed 1 single-family house and it is getting ready to be rented. Check out the 3D tour of 167 Eddie just before completion.

Purchases

This month, we purchased one single-family house in Lexington, KY as part of our Series B.

Financing/Appraisals

We have no new appraisals or financing this month.

Administrative

We are working with auditors on calculating our Net Asset Value.

Monthly Rent Growth

While our B Series is still in the first phase, our A Series is beginning to show real rental income, moving from an annualized gross rent of $178,872 a year ago to $439,791 as of the end of April.

Events

On June 2, Clint Edgington participated in a CFA Society of Idaho event and presented Opportunity Zones: Cutting Through the Hype.

On June 4, we hosted clients of a local RIA and current Limited Partners in Nest an update and informational session at the Franklin House in Boise. If you are ever in Boise, check out the back patio!

Watch our Georgetown building mural painting. Kind of fun! (But also helpful in repositioning a building with an ugly façade).