Raising equity for ADU deals in CA

[Murray Clark]

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,

[Chris Seveney]

Quote from @Murray Clark:

Thank you so much Taylor! I will definately look into joining the events. I appreciate your response! 

 We were members of the family office. Its a great group but to be honest, the majority of people in the group are looking to raise money. Past 18 months we raised over $20M and not a penny as a member of FOC. Again a GREAT group for education, content and learning a lot about the industry but if you are thinking of raising money I would ask others as well. 

Regarding capital raise, its all about relationships. Linkedin is good but need to get face to face with people. Raising money today is very different than 24 months ago where you could raise money from anywhere. Investors are much more skittish