Establishing an investment network for CoolTown developments
There’s no better way to present the kinds of communities, buildings and venues that the creative class, cultural creatives, influentials, and free agents want than to actually build or revitalize them. There is an emerging group of innovative developers in the CoolTown network that are willing to help cities and neighborhoods realize their vision to become compelling destinations, but the private sector finance industry has not caught up.
As a result, the most innovative developments that truly hit the mark of what their intended audiences want are far and few between because they have to raise their own equity capital (essentially the cash required to qualify for the development loan). Why? Because sources of equity in real estate (e.g. insurance companies, pensions, stocks/REITs only invest in extremely predictable, mass-produced projects, like strip malls and subdivisions. Suburbia looks the same across the country because an overwhelming majority of $$$$ in real estate will only fund that kind of development!
I work with one equity investment group that’s looking to fund a new standard for attainable, mixed-use, and hopelessly cool urban development, but I also work with ten times more development opportunities than there are funds. Here’s a call to real estate equity groups that are looking to get entrepreneurial, or to entrepreneurial venture capital groups that are looking to get into real estate: The demand is more than ready for your investment, and there are long-term, profitable relationships to be made.
About The Author
Ok, I’ve got money to invest and I want to promote cool and green places. Where’s the best place to put my money?
It really does depend on how much you’re looking to invest. Are you looking at investing in a project at the scale of a home/condo/loft, or into an existing fund, or a 100,000 s.f. building/series of buildings?
Ok, let’s say I have a small sum. $20,000. What sort of investment options are available at this sort of level? Is there an existing fund I can jump on to? If so, could you provide me with more info/links? Thanks.
You can actually invest in the CoolTown Fund with a minimum of $25,000. Email me (link on right) for details.
I am an architect and a real estate investor looking for opportunities to support “Cool-town” type development. I have a network of other investors who are looking for the same, and I want to establish some business ties with CoolTown studios to see if we can benefit one another. Please let me know who would be the best person to speak with.
Warmly,
Jan Lepicovsky