Phoenix Limited-Time Offer: Invest in any Cityfund to get Free Phoenix Shares

Learn More

Austin
  • A demonstrated history of robust long-term growth with sustained real estate demand

  • Combining a dynamic job market, vibrant culture, and a high quality of life, making it an ideal city for both living and investing

  • Austin Cityfund’s assets have appreciated 10.90% since July, delivering strong returns for your investment

Investing in Austin means capitalizing on its diverse ecosystem and attractive urban environment. With a booming tech scene, sustainable practices, and a thriving real estate market, Austin offers a balanced quality of life and a wide range of investment opportunities. Its rich cultural scene and welcoming community contribute to the city's long-term appeal and the future of urban living.


Our Austin Cityfund allows anyone to access the future growth of the city. As we know, Austin's trajectory is one of innovation and advancement, and our Cityfund aligns seamlessly with this exciting journey. This investment isn't just about owning a slice of Austin's remarkable properties; it's about shaping the urban landscape, embracing the city's unique identity, and participating in the ongoing narrative of Austin's evolution.


Our Cityfunds target the most sought-after real estate in the nation's most prosperous cities. What sets Cityfunds apart is that they are the only publicly accessible real estate funds that allow you to invest in a multitude of owner-occupied homes through our innovative home equity investment product, Homeshares. This groundbreaking approach now makes it possible for anyone to own fractional shares of the best homes in the best cities.

Now, no matter where you live, you can fulfill the desire of owning that home in Austin.

Fund Performance

$/Share

Info

$11.03

Appreciation

Info

10.3%

Total Investors

Info

1,721

Total AUM

Info

$2.2M

Projected Return

$1,000

Projected Return

Info

$500

Investment

Info

$500

$100K

18% IRR

Target Return

Info

12%

24%

7 Yrs

Hold Period

Info

1 Year

10 Years

*The projections above are forward-looking statements that should not be relied upon as actual. Real estate investments come with risk as market conditions and business strategies may change, impacting financials considerably. Projections assume all dividends are reinvested.

About HEIs

Home equity investment agreements (which we refer to as “Homeshares”) allow homeowners to access cash from their equity without the burden of added debt or monthly payments while delivering highly accelerated & downside-protected assets to investors.


Home equity investment agreements are an emerging asset type, with only five or six asset originators operating within a $20+ trillion home equity market today. None of these originators make it possible for individual investors to gain access to this asset, instead they deal exclusively with a few private institutions. Nada is the first to make this asset accessible to individuals and smaller firms through its Cityfunds investment product. Home equity investment agreements have proven to be an established and institutional-grade asset, similar to the mortgage debt market products, with nearly $1 billion in unrated securitizations over the past two years, and most recently another $528 million in rated securitizations with the rating agency, DBRS Morningstar.


Historically, investors have not been able to access the home equity sector due to the lack of institutional-grade assets and the absence of a publicly available private real estate fund that has this type of deal flow. Nada, through its wholly-owned subsidiary Nada Loans, LLC, is capable of sourcing and originating home equity investment agreements through its in-house licensed mortgage brokerage origination and underwriting team.

31 Assets

As of June 25, 2024

1 / 1

City Highlights

Population Rank

Info

17th

Airport Arrivals Rank

Info

27th

10yr GDP Growth

Info

70.0%

Zillow Home Price Index (HPI)

Austin has rapidly become an exciting city that attracts investors with its immense potential. With a dynamic blend of technology, culture, and a thriving entrepreneurial spirit, Austin has positioned itself as a hub for innovation and economic growth. The city is home to a flourishing tech scene known as "Silicon Hills," where startups and established tech giants coexist and fuel innovation and job creation. Internationally recognized events like South by Southwest (SXSW) contribute to Austin's global prominence, attracting creative minds, investors, and trendsetters from various industries. The city's pro-business policies and affordable cost of living make it an attractive destination for young professionals and experts, ensuring a continuous influx of talent to support its growth. As Austin evolves into a center for technology, arts, and entrepreneurship, investing in its diverse and expanding opportunities presents a chance to be part of a transformative journey that revolutionizes urban success.

Fund Details

Strategy

Info

Growth

Fund Status

Info

Performing

Target Return

Info

18.0% IRR

Dividends

Info

Event-based

Term

Info

Open-ended

Management Fee

Info

1.5% per year

Acquisition Fee

Info

1.0%

Tax Form

Info

1099-DIV

Info

Liquidity

The Manager intends to offer investors liquidity events, through a redemption program, beginning in 2025.

Management Team

Cityfunds Manager, LLC, which is owned and managed by Nada is led by John Green, Mauricio Delgado, Sundance Brennan, Jeremy Males, and Justin Wang, with 50+ years of industry experience and management of $1B+ in assets.


The Manager and the Cityfunds Series funds are uniquely well suited to be the source of underlying residential real estate investments because of their unprecedented ability to provide access to the $20+ trillion home equity sector of the residential real estate market. Home equity investment agreement assets are sourced through a targeted strategy, rigorous diligence processes, an experienced team, and a commitment to transparency with all stakeholders.


Each of the Cityfunds Series funds creates a thematic, index-like exposure to a single city’s home equity market through diversified portfolios of home equity investment agreements. Cityfunds Series funds are able to unlock access to some of the most in-demand real estate markets by investing in owner-occupied homes through the home equity investment agreement asset type.

John Green

Co-Founder & COO

Mauricio Delgado

Co-Founder & CFO

Sundance Brennan

VP of Revenue

1 / 2

Cityfunds Live Q&A

Upcoming Webinar

Join our free live webinars! Hosted by Cityfund’s leadership, we cover the real estate market, cityfund investing, relevant current events, new product launches, and more.

Cityfunds Live Q&A

June 20, 2024 at 11:00 PM CST

Risk Management

Nada supports Cityfunds and its investors through a two-stage, bottoms-up approach to mitigating risks. First, is our asset selection framework for home equity investment agreements. Second, we build investor protections directly into the home equity investment contract. Nada’s secured equity position comes with certain rights and protections and allows them to intervene and protect the interests of all equity holders in the underlying property.


Downside Protection
: Home equity investment agreements are made with an average 10-15% discount to the home’s appraised value, protecting investors from home value declines and prepayments.


Secured Interests
: Home equity investment agreements are secured and recorded with a Deed of Trust /Mortgage, typically behind the primary mortgage and above the homeowner (like a HELOC).


Structured Payouts
: Homeowner payouts triggers established within the contract, most commonly by liquidity-driven transactions, such as a home sale or cash-out refinance.


Protective Covenants
: Homeowner retains ownership—and must maintain and keep the asset unencumbered.


Right of First Refusal (ROFR)
: Contracts have a ROFR clause to protect against below-market transactions.


Quality Credit & Collateral
: Most homeowners use their cash to reduce debts, improve their credit profile, and invest in their homes.

Related Documents

Offering Memorandum

Document

Subscription Agreement

Document

Risk Factors

Document

Management

Document

Description of Business

Document

Description of Securities

Document

Terms of Investment

Document

Additional Information

Document

* Past performance is not indicative of future results. No assurance can be provided that the market or the value of our investments will appreciate or will not depreciate in value.

Austin

$11.03

/ share

Appreciation

10.3%

31

Assets

Own a piece of Austin's dynamic future – where tech innovation, creative energy, and vibrant culture intersect, creating unparalleled investment potential.

© 2024 Nada Holdings, Inc. and/or its affiliates. All rights reserved. Nada is a registered service mark of Nada Holdings, Inc.


Note: These graphics are purely hypothetical and for illustrative purposes only and are not intended to reflect future returns or portfolio performance in any way. The value of our properties and investments may increase or decrease.


Nada Holdings, Inc. ("Nada"), as a manager of Cityfunds I, LLC (“Cityfunds”) operates the www.nada.co website (the "site") and the mobile-based app (the "App") and is not a broker-dealer or investment advisor. All securities ("shares") related activity is conducted through Dalmore Group LLC, a registered broker-dealer and member of FINRA/SIPC, located at 525 Green Place, Woodmere, NY 11598. You can review the brokercheck for Dalmore.


You should speak with your financial advisor, accountant and/or attorney when evaluating any offering. Neither Nada, Cityfunds, nor Dalmore makes any recommendations or provides advice about investments, and no communication, through this website or in any other medium, should be construed as a recommendation for any security offered on or off this investment platform. The Site may make forward-looking statements. You should not rely on these statements but should carefully evaluate the offering materials in assessing any investment opportunity, including the complete set of risk factors that are provided as part of the offering circular for your consideration.