Nest Opportunity Fund® October 2021 Update

Don’t miss your opportunity to win the capital gains tax dilemma. It’s time to capitalize, not pay capital gains tax. Please register for our upcoming Live Webinar – Thursday, October 28th at 1:00pm EST.

Nest Fund Overview

We built Nest originally for ourselves to invest (as the first LPs!) in conservative, smaller real estate. We are patient and focus on day-to-day execution. If we hit singles and doubles for a decade, we’ll be happy. We’ll return capital if our LPs want it or we can no longer underwrite purchases at our standards, but we wish to reinvest income if we productively can. If that fits the bill for you, contact us! Our assets are located in the growing cities of Columbus, OH and Lexington, KY.   

End-of-the-Year Deadline

December 31, 2021: The final date to receive any basis step-up on the original gain, which will further reduce the eventual capital gains tax liability. After this date, the 10% step-up in basis after a 5-year hold goes away; it is no longer possible to achieve a 5-year hold prior to the end of 2026. Schedule a 15 minute call with Clint to learn more about this deadline.

Operations Update

Property Rehabilitation: Our Rehab Teams Continue to Execute

Lexington operations put the finishing touches on three single-family properties this month, all of which turned out quite nicely. We’re still in an unusually tight rental market, even though we are out of the normal strong season for lease ups. We’ve continued to take advantage of this by focusing our resources on completing projects so they can hit the market during this period of strength, with extra focus on “close to competition” projects. We believe a large chunk of our Georgetown 31-unit property will go online this month, but things will slow after that.

Columbus operations have already pivoted toward earlier stage projects and won’t have anything coming online for a few months.

Leasing

Rent growth/lease ups continue to be extremely strong.

Financing

No financings finalized this month. Initial financing term sheet and appraisals on four single-families have been completed. Last year, investors received significant depreciation losses, about $11,500 per $100,000 they invested. For our Series A Investors, there is a good chance that write-off is quite a bit higher this year. New Investors in Series B will not receive depreciation tax losses in 2021, but we expect it to mirror our Series A starting tax year 2022.

Check Out Our Recent 3D Tours in Lexington, KY

We are currently renovating projects on these Lexington, KY themed units. Check out our 3D models to see our progress by clicking the images below.

Check Out Our Recent Projects in Columbus, Ohio

We completed renovation projects on three Columbian units recently. They will be available for rent shortly! Good work, Columbus team.

Events & Webinars

Clint is on the move. Stay tuned for his upcoming featured speaking events and webinars.

ADISA Conference Las Vegas

Clint recently attended the ADISA Conference in Las Vegas, October 4th-6th. Learn more here! 

Novogradac 2021 – Addressing the Housing Shortage

Clint will be speaking at the Novogradac 2021 Fall Opportunity Zones Conference on a panel of CPAs, October 21st – 22nd. Learn more here! 

Watch our September Webinar Here!

Looking to stay in touch with Nest on new projects, deadlines, investment updates and more? Check out our webinar from September. View here!

We’re here to help guide you in these decisions. Get started with NEST today!