Democratizing Affordable Housing Investment Through Blockchain Technology
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HomeStat Capital is a $100 million tokenized investment fund that provides gap financing for affordable housing developments across the United States. We solve a critical market failure: the 10-20% equity gap that prevents affordable housing projects from accessing traditional construction financing.
| Category | Amount | Percentage |
|---|---|---|
| Project Investments (12 projects) | $88,000,000 | 88% |
| Operating Reserve (2 years) | $7,000,000 | 7% |
| Transaction Costs | $3,000,000 | 3% |
| Contingency Reserve | $2,000,000 | 2% |
HomeStat Capital Management LLC
Website: homestat.com
Email: invest@homestat.com
Phone: +1 (555) 123-4567
Address: 123 Market Street, Suite 4000, San Francisco, CA 94103
21-Slide Presentation | October 2025
Fund I Target Raise: $100 Million
Traditional affordable housing faces a critical "equity gap" - the 10-20% of project costs that can't be financed through conventional means (bank loans, tax credits, government subsidies). Without this seed capital, projects never start.
HomeStat Capital deploys $5-20M per project in gap equity and bridge financing that enables affordable housing developments to break ground.
1. Blockchain Infrastructure
2. Democratized Access
3. Speed & Efficiency
Stable, Predictable Returns
Massive Market Opportunity
| Detail | Value |
|---|---|
| Location | Phoenix, Arizona |
| Units | 120 affordable apartments |
| Total Development Cost | $45 million |
| Bank Construction Loan | $22.5M (50%) |
| LIHTC Tax Credit Equity | $13.5M (30%) |
| State Housing Subsidy | $2.5M (5.5%) |
| HomeStat Gap Equity | $8M (17.8%) |
| Project | Location | Units | Investment |
|---|---|---|---|
| Riverside Apartments | Phoenix, AZ | 120 | $8M |
| Greenwood Village | Atlanta, GA | 80 | $6M |
| Cedar Heights | Denver, CO | 150 | $12M |
| Mission Terrace | San Antonio, TX | 100 | $7M |
| Harbor Commons | Portland, OR | 90 | $8M |
| Liberty Place | Charlotte, NC | 75 | $5M |
| Sunset Gardens | Las Vegas, NV | 110 | $7M |
| Parkview Homes | Nashville, TN | 85 | $6M |
| Oakwood Residences | Indianapolis, IN | 95 | $7M |
| Meadowbrook | Raleigh, NC | 105 | $7M |
| Valley Vista | Tucson, AZ | 88 | $6M |
| Riverside Phase II | Phoenix, AZ | 130 | $9M |
| TOTAL | 1,228 | $88M |
| Metric | Conservative | Base Case | Optimistic |
|---|---|---|---|
| Total Distributions | $108M | $125M | $145M |
| Net MOIC | 1.08x | 1.25x | 1.45x |
| Net IRR (after fees) | 4.8% | 8.5% | 13.1% |
| Impact Metric | Target |
|---|---|
| Affordable Units Financed | 1,228 units |
| Families Housed | ~3,000 people |
| Average Income Served | 60% AMI |
| Rent Savings (vs. market) | $36M total |
| Jobs Created | 2,450 (construction + permanent) |
| LEED Certified Projects | 80% |
| Geographic Reach | 10 states |
Sarah Chen - CEO & Co-Founder
15 years affordable housing finance | Former VP, JP Morgan Community Development | $2B+ LIHTC transactions | MBA Wharton
Marcus Thompson - CIO & Co-Founder
Former Partner, Bridge Investment Group | $500M AUM | 100+ projects financed | MA Urban Planning, MIT
Dr. Priya Patel - Chief Technology Officer
Blockchain architect, Coinbase | Led tokenization initiatives | PhD Computer Science, Stanford
James Rodriguez - Chief Legal Officer
20 years securities law | Former SEC attorney | Crypto regulatory expert | JD Columbia
| Term | Details |
|---|---|
| Offering Type | Reg D 506(c) - Accredited Investors |
| Token Standard | ERC-3643 (T-REX security token) |
| Total Raise | $100,000,000 |
| Token Price | $10.00 per token |
| Minimum Investment | $10,000 (1,000 tokens) |
| Management Fee | 2.0% annually on committed capital |
| Carried Interest | 20% above 8% preferred return |
| Fund Life | 7 years (5-year investment + 2 wind-down) |
| Distributions | Quarterly, in USDC or USD |
| Liquidity | Secondary market after 12-month lock-up |
| Timeline | Milestone |
|---|---|
| Q4 2025 | First Close ($50M) | Begin deploying to 3 projects |
| Q1 2026 | Portfolio construction | 5 projects | $25M deployed |
| Q2 2026 | Final Close ($100M) | Exchange listings | Secondary trading |
| Q3 2026 | 10 projects | First quarterly distribution |
| 2027 | Fund II Launch ($200M) |
| 2028-2030 | Platform expansion | $500M+ AUM | Multiple funds |
HomeStat Capital
invest@homestat.com | +1 (555) 123-4567
www.homestat.com
5-Year Pro Forma Financial Projections
| Parameter | Value |
|---|---|
| Fund Name | HomeStat Capital Fund I |
| Fund Size | $100,000,000 |
| Investment Period | 5 Years |
| Fund Life | 7 Years |
| Management Fee | 2% annually on committed capital |
| Carried Interest | 20% above 8% preferred return |
| Token Class | Amount | Price | Total Raise | Rights |
|---|---|---|---|---|
| Series A (Founders) | 1,000,000 | $10 | $10,000,000 | Voting + Dividends |
| Series B (Institutional) | 4,500,000 | $10 | $45,000,000 | Voting + Dividends |
| Series C (Retail) | 4,500,000 | $10 | $45,000,000 | Dividends Only |
| TOTAL | 10,000,000 | $10 | $100,000,000 |
| Quarter | New Projects | Capital Deployed | Cumulative | Reserve |
|---|---|---|---|---|
| Q1 | 2 | $15,000,000 | $15,000,000 | $85,000,000 |
| Q2 | 2 | $12,000,000 | $27,000,000 | $73,000,000 |
| Q3 | 2 | $18,000,000 | $45,000,000 | $55,000,000 |
| Q4 | 2 | $10,000,000 | $55,000,000 | $45,000,000 |
| Y1 Total | 8 | $55,000,000 |
| Quarter | New Projects | Capital Deployed | Cumulative | Reserve |
|---|---|---|---|---|
| Q1 | 2 | $15,000,000 | $70,000,000 | $30,000,000 |
| Q2 | 2 | $18,000,000 | $88,000,000 | $12,000,000 |
| Q3 | 0 | $0 | $88,000,000 | $12,000,000 |
| Q4 | 0 | $0 | $88,000,000 | $12,000,000 |
| Y2 Total | 4 | $33,000,000 |
| Project | Location | Units | Total Cost | Fund Investment | % of Cost |
|---|---|---|---|---|---|
| Riverside Apartments | Phoenix, AZ | 120 | $45M | $8M | 17.8% |
| Greenwood Village | Atlanta, GA | 80 | $32M | $6M | 18.8% |
| Cedar Heights | Denver, CO | 150 | $68M | $12M | 17.6% |
| Mission Terrace | San Antonio, TX | 100 | $38M | $7M | 18.4% |
| Harbor Commons | Portland, OR | 90 | $42M | $8M | 19.0% |
| Liberty Place | Charlotte, NC | 75 | $30M | $5M | 16.7% |
| Sunset Gardens | Las Vegas, NV | 110 | $41M | $7M | 17.1% |
| Parkview Homes | Nashville, TN | 85 | $34M | $6M | 17.6% |
| Oakwood Residences | Indianapolis, IN | 95 | $36M | $7M | 19.4% |
| Meadowbrook | Raleigh, NC | 105 | $40M | $7M | 17.5% |
| Valley Vista | Tucson, AZ | 88 | $33M | $6M | 18.2% |
| Riverside Phase II | Phoenix, AZ | 130 | $50M | $9M | 18.0% |
| TOTAL | 1,228 | $489M | $88M | 18.0% |
| Revenue Source | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Total |
|---|---|---|---|---|---|---|
| Interest Income (Loans) | $2,530,000 | $6,072,000 | $8,096,000 | $8,096,000 | $6,744,000 | $31,538,000 |
| Rental Income (Net) | $0 | $420,000 | $1,680,000 | $3,360,000 | $4,200,000 | $9,660,000 |
| Project Sales/Refi | $0 | $0 | $8,500,000 | $15,300,000 | $22,100,000 | $45,900,000 |
| Fee Income | $990,000 | $1,782,000 | $742,500 | $371,250 | $185,625 | $4,071,375 |
| TOTAL | $3,520,000 | $8,274,000 | $19,018,500 | $27,127,250 | $33,229,625 | $91,169,375 |
| Category | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 |
|---|---|---|---|---|---|
| Personnel | $2,180,000 | $2,360,000 | $2,540,000 | $2,720,000 | $2,900,000 |
| Professional Services | $1,450,000 | $1,275,000 | $1,150,000 | $1,075,000 | $1,075,000 |
| Infrastructure | $630,000 | $690,000 | $750,000 | $810,000 | $870,000 |
| Marketing & IR | $400,000 | $375,000 | $350,000 | $350,000 | $350,000 |
| Other | $220,000 | $240,000 | $250,000 | $260,000 | $270,000 |
| TOTAL | $4,880,000 | $4,940,000 | $5,040,000 | $5,215,000 | $5,465,000 |
| Year | Beginning Balance | Capital Deployed | Revenue | Expenses | Distributions | Ending Balance |
|---|---|---|---|---|---|---|
| Year 1 | $100,000,000 | ($55,000,000) | $3,520,000 | ($4,880,000) | $0 | $43,640,000 |
| Year 2 | $43,640,000 | ($33,000,000) | $8,274,000 | ($4,940,000) | $0 | $13,974,000 |
| Year 3 | $13,974,000 | $0 | $19,018,500 | ($5,040,000) | ($8,000,000) | $19,952,500 |
| Year 4 | $19,952,500 | $0 | $27,127,250 | ($5,215,000) | ($18,000,000) | $23,864,750 |
| Year 5 | $23,864,750 | $0 | $33,229,625 | ($5,465,000) | ($28,000,000) | $23,629,375 |
| Metric | Conservative | Base Case | Optimistic |
|---|---|---|---|
| Total Distributions | $108M | $125M | $145M |
| Net Multiple (MOIC) | 1.08x | 1.25x | 1.45x |
| Gross IRR | 6.5% | 10.2% | 14.8% |
| Net IRR (after fees) | 4.8% | 8.5% | 13.1% |
| Avg Annual Distribution | $1.60 | $2.50 | $3.50 |
| Token Value (Year 5) | $10.80 | $12.50 | $14.50 |
| Year | Distribution per Token | Cumulative | Yield on Cost |
|---|---|---|---|
| Year 1 | $0.00 | $0.00 | 0.0% |
| Year 2 | $0.00 | $0.00 | 0.0% |
| Year 3 | $0.80 | $0.80 | 8.0% |
| Year 4 | $1.80 | $2.60 | 18.0% |
| Year 5 | $2.80 | $5.40 | 28.0% |
| Metric | Target |
|---|---|
| Affordable Units Financed | 1,228 units |
| Families Housed | ~3,000 people |
| Below-Market Rent Savings | $36M total |
| Jobs Created | 2,450 jobs |
| AMI Targeting | 60% AMI average |
| Geographic Diversity | 10 states |
| Variable | -20% | -10% | Base | +10% | +20% |
|---|---|---|---|---|---|
| Exit Proceeds | 4.2% | 7.1% | 10.2% | 13.5% | 16.9% |
| Hold Period | 11.8% | 10.9% | 10.2% | 9.4% | 8.7% |
| Interest Rates | 10.7% | 10.5% | 10.2% | 10.0% | 9.8% |
| Operating Expenses | 10.9% | 10.6% | 10.2% | 9.9% | 9.6% |
| Occupancy Rates | 8.8% | 9.5% | 10.2% | 10.9% | 11.6% |
| Item | Amount |
|---|---|
| Total Capital Raised | $100,000,000 |
| Capital Deployed to Projects | $88,000,000 |
| Operating Expenses (5-yr) | $25,540,000 |
| Management Fees (5-yr) | $10,000,000 |
| Gross Proceeds | $91,169,375 |
| Net Proceeds to LPs | $67,000,000 |
| Carried Interest to GP | $3,400,000 |
| LP Returns (Net IRR) | 8.5% |
| GP Returns (Total) | $13,400,000 |
Tokenized Affordable Housing Development Finance | Version 1.0 | October 2025
HomeStat Capital introduces a novel approach to affordable housing finance by combining institutional real estate investment strategies with blockchain technology. This whitepaper details the technical architecture, economic model, and operational framework for a $100 million tokenized investment fund that provides gap financing for affordable housing developments across the United States.
The fund addresses a critical market failure: the 10-20% equity gap that prevents affordable housing projects from accessing traditional construction financing. By tokenizing fund ownership and leveraging smart contracts for administration, HomeStat democratizes access to this asset class while maintaining institutional-grade compliance and risk management.
The United States faces an acute affordable housing crisis. According to the National Low Income Housing Coalition, there is a shortage of 7.2 million affordable rental homes for the nation's 10.8 million extremely low-income families. This crisis is not due to lack of housing demand or shortage of development expertise, but rather a systemic financing gap.
Affordable housing projects typically require multiple financing sources:
The final 10-20% represents the "gap" that is difficult to fill. Traditional institutional investors require minimum investments of $250,000-$1,000,000, excluding most individual investors. Community Development Financial Institutions (CDFIs) are under-capitalized and cannot meet demand. This gap prevents projects from breaking ground, leaving sites undeveloped and communities underserved.
HomeStat Capital deploys blockchain technology to solve three critical problems:
1. Capital Access
Tokenization enables fractional ownership starting at $1,000, expanding the investor base from thousands to potentially millions of impact-conscious individuals globally.
2. Operational Efficiency
Smart contracts automate fund administration, reducing overhead costs by approximately 70% compared to traditional fund structures, allowing more capital to flow to projects.
3. Transparency & Trust
All fund transactions, NAV calculations, and impact metrics are published on-chain, creating unprecedented transparency for investors and stakeholders.
The affordable housing shortage is driven by:
Community Development Financial Institutions (CDFIs)
Bank Community Development Groups
Real Estate Crowdfunding Platforms
HomeStat Differentiation
We occupy a unique position as the only blockchain-enabled fund focused exclusively on affordable housing development finance. Our competitive advantages:
| Parameter | Value |
|---|---|
| Legal Entity | Delaware Statutory Trust (DST) |
| Fund Type | Closed-end, fixed-life (7 years) |
| Target Size | $100,000,000 |
| Investment Period | 5 years |
| Liquidation Period | 2 years |
We invest in projects meeting ALL of the following criteria:
Geographic:
Development Stage:
Project Size:
HomeStat Capital's technical infrastructure consists of four primary layers:
Core Contracts:
Smart Contract Security:
| Token Class | Supply | Price | Voting Rights | Lock-up |
|---|---|---|---|---|
| Series A (Founders) | 1,000,000 | $10 | Yes | 2 years |
| Series B (Institutional) | 4,500,000 | $10 | Yes | 1 year |
| Series C (Retail) | 4,500,000 | $10 | No | 1 year |
General Partner (GP): HomeStat Capital Management LLC
Investment Committee (IC):
Matters Requiring Approval:
| Risk Category | Probability | Impact | Mitigation |
|---|---|---|---|
| Construction Delays | Medium | High | 15% contingency, experienced partners, completion guarantees |
| Market Downturn | Low | High | Counter-cyclical demand, geographic diversification |
| Developer Default | Low | High | Co-investment requirement, guarantees, step-in rights |
| Interest Rate Increases | Medium | Medium | Fixed-rate commitments, rate caps, shorter hold periods |
| Crypto Volatility | High | Low | 70% stablecoin treasury, 30% USD |
HomeStat tokens are securities under the Howey Test:
Individual Investors:
Problem: 7.2M shortage of affordable homes, families spending >50% of income on rent
Activities: Deploy $5-20M gap financing per project to enable developments
Outputs: 1,200+ affordable housing units financed across 10 states
Impact: Reduced housing cost burden, improved health/education outcomes, stronger communities
| Metric | 5-Year Target |
|---|---|
| Units Financed | 1,228 |
| Families Housed | ~3,000 people |
| Avg AMI Served | 60% |
| Rent Savings | $36M |
| Jobs Created | 2,450 |
| LEED Certified | 80% |
See detailed financial model section for complete 5-year projections including:
| Timeline | Milestone |
|---|---|
| Q4 2025 | First Close ($50M) | Deploy to 3 projects |
| Q1 2026 | 5 projects under contract | $25M deployed |
| Q2 2026 | Final Close ($100M) | Exchange listings |
| Q3 2026 | 10 projects | First distribution |
| 2027 | Fund II Launch ($200M) |
| 2028-2030 | $500M+ AUM | Multiple funds | Platform expansion |
Sarah Chen - CEO & Co-Founder
15 years affordable housing finance | Former VP, JP Morgan Community Development | $2B+ in LIHTC transactions | MBA Wharton
Marcus Thompson - CIO & Co-Founder
Former Partner, Bridge Investment Group | $500M AUM | 100+ projects financed | MA Urban Planning, MIT
Dr. Priya Patel - Chief Technology Officer
Blockchain architect from Coinbase | Led tokenization initiatives | PhD Computer Science, Stanford
James Rodriguez - Chief Legal Officer
20 years securities & real estate law | Former SEC attorney | Crypto regulatory expert | JD Columbia
HomeStat Capital represents a paradigm shift in affordable housing finance, combining institutional real estate expertise with blockchain innovation to democratize access to this critical asset class. By providing gap financing that enables affordable housing projects to break ground, we address a fundamental market failure while generating attractive risk-adjusted returns for investors.
For Investors: 8-12% target IRR, low minimum ($1K), transparency, liquidity, tax advantages
For Developers: Flexible capital, faster deployment, partnership approach
For Communities: 1,200+ homes, $36M rent savings, 2,450 jobs
HomeStat Capital Management LLC
123 Market Street, Suite 4000
San Francisco, CA 94103
Website: homestat.com
Email: invest@homestat.com
Phone: +1 (555) 123-4567
© 2025 HomeStat Capital Management LLC. All rights reserved. This whitepaper is for informational purposes only and does not constitute an offer to sell or solicitation to buy securities.
Complete Technical Documentation | Solidity 0.8.20
HomeStat Capital's blockchain infrastructure consists of 7 primary smart contracts deployed on Ethereum mainnet, providing a complete tokenized fund management system with built-in compliance, governance, and transparency.
┌─────────────────┐
│ Token Holders │
└────────┬────────┘
│
┌────────▼────────┐
│ HSC_Token │◄─────┐
│ (ERC-3643) │ │
└────────┬────────┘ │
│ │
┌──────┼──────────────┐│
│ │ ││
┌─▼──────▼───┐ ┌───────▼─┐
│ Compliance │ │ Fund │
│ (KYC/AML) │ │(Treasury)│
└────────────┘ └─────────┘Purpose: Tokenized fund shares with built-in compliance and transfer restrictions
| Class | Supply | Voting Rights | Lock-up Period |
|---|---|---|---|
| Series A (Founders) | 1,000,000 | Yes | 2 years |
| Series B (Institutional) | 4,500,000 | Yes | 1 year |
| Series C (Retail) | 4,500,000 | No | 1 year |
Purpose: Core fund operations, capital deployment, and NAV tracking
Purpose: Secure storage and disbursement of fund assets
Purpose: Token holder governance for major fund decisions
Purpose: Automated distribution calculations and payments
Purpose: On-chain registry of all funded projects and impact metrics
Purpose: Transfer restrictions and compliance enforcement
// Check if address can receive tokens
bool canReceive = hscToken.canTransfer(sender, recipient, amount);
// Get token holder information
(TokenClass class, uint256 price, uint256 timestamp,
bool votingRights, uint256 lockupExpiry) =
hscToken.tokenHolderInfo(holderAddress);
// Check pending distributions
uint256 pending = hscToken.getPendingDistribution(holderAddress);// Get current NAV
uint256 navPerToken = hscFund.navPerToken();
// Get investment details
Investment memory inv = hscFund.getInvestment(investmentId);
// Get portfolio metrics
uint256 totalAssets = hscFund.getTotalAssets();
uint256 activeCount = hscFund.getActiveInvestmentCount();// Get aggregate impact metrics
(uint256 totalUnits, uint256 totalDeployed,
uint256 totalProjects, uint256 stabilized) =
projectRegistry.getAggregateMetrics();
// Get project details
Project memory project = projectRegistry.projects(projectId);
ImpactMetrics memory impact = projectRegistry.projectImpact(projectId);| Endpoint | Method | Description |
|---|---|---|
| /api/v1/fund/nav | GET | Current NAV per token |
| /api/v1/fund/performance | GET | Historical performance data |
| /api/v1/projects | GET | List all projects |
| /api/v1/projects/:id | GET | Detailed project information |
| /api/v1/distributions | GET | Distribution history |
| /api/v1/investor/:address | GET | Investor portfolio and history |
For Developer Inquiries:
Email: dev@homestat.com
Discord: discord.gg/homestat
GitHub: github.com/homestat-capital
Documentation: docs.homestat.com
Smart contracts are provided "as is" without warranty. Always conduct your own security review before interacting with blockchain applications.
How Founders Build Wealth with HomeStat Capital
Founders have 5 distinct ways to generate income and build wealth through HomeStat Capital:
| Revenue Stream | Timeline | 5-Year Total | 10-Year Total |
|---|---|---|---|
| 1. Executive Salary | Immediate | $1.25M - $1.75M | $3M - $3.5M |
| 2. Management Fee Profit | Years 3-5 | $600K - $900K | $3M - $5M |
| 3. Carried Interest | Years 4-7 | $500K | $8M - $25M |
| 4. Co-Investment Returns | Years 3-7 | $625K - $1.1M | $2.5M - $5M |
| 5. Management Co. Equity | Years 5-10 | $5M - $10M | $80M - $225M |
| TOTAL | $8M - $14M | $96M - $263M |
| Position | Year 1 | Year 3 | Year 5 | Year 10 |
|---|---|---|---|---|
| CEO (Sarah Chen) | $250,000 | $300,000 | $350,000 | $400,000 |
| CIO (Marcus Thompson) | $200,000 | $250,000 | $300,000 | $350,000 |
HomeStat Capital charges a 2% annual management fee on committed capital:
| Year | Management Fees | Operating Costs | Net Profit/(Loss) | Founder Share (50/50) |
|---|---|---|---|---|
| Year 1-2 | $4M | $9.8M | ($5.8M) | $0 |
| Year 3 | $2M | $5M | ($3M) | $0 |
| Year 4 | $2M | $5.2M | ($3.2M) | $0 |
| Year 5 | $2M | $5.5M | ($3.5M) | $0 |
Note: Management fees cover only ~40% of operating costs in early years. Profitability comes from multiple funds and scaling efficiencies.
| Year | Total AUM | Management Fees | Operating Costs | Net Profit | Per Founder |
|---|---|---|---|---|---|
| Year 6 | $300M | $6M | $7M | ($1M) | $0 |
| Year 7 | $400M | $8M | $8M | $0 | $0 |
| Year 8 | $600M | $12M | $9M | $3M | $1.5M |
| Year 9 | $800M | $16M | $10M | $6M | $3M |
| Year 10 | $1B | $20M | $11M | $9M | $4.5M |
10-Year Management Fee Profit per Founder: $3M - $5M
General Partners receive 20% of profits above an 8% IRR hurdle rate.
Total Distributions to LPs: $125M
Less: Return of Capital: ($100M)
Total Profits: $25M
Less: Preferred Return (8% IRR): ~($20M)
Profits Above Hurdle: $5M
GP Carry (20%): $1,000,000
Founder Split (50/50): $500,000 each| Fund | Size | Avg Performance | Total Carry | Per Founder |
|---|---|---|---|---|
| Fund I | $100M | 8.5% IRR | $1M | $500K |
| Fund II | $200M | 9.5% IRR | $4M | $2M |
| Fund III | $300M | 10% IRR | $8M | $4M |
| Fund IV | $400M | 10.5% IRR | $12M | $6M |
| TOTAL | $1B | $25M | $12.5M |
10-Year Carried Interest per Founder: $8M - $25M depending on performance
Founders invest their own capital alongside limited partners to demonstrate alignment:
Initial Investment: $2,500,000
Distribution per Token (7 years): $12.50
Total Distribution: $3,125,000
Profit: $625,000 per founder
ROI: 25% over 7 years
IRR: 8.5%| Fund | Investment | Return | Profit |
|---|---|---|---|
| Fund I | $2.5M | $3.125M | $625K |
| Fund II | $2.5M | $3.25M | $750K |
| Fund III | $3M | $4M | $1M |
| Fund IV | $3M | $4.2M | $1.2M |
| TOTAL | $11M | $14.575M | $3.575M |
10-Year Co-Investment Profit per Founder: $2.5M - $5M
The management company itself becomes extremely valuable as the platform grows. This is where founders build the most significant wealth.
Asset management companies are typically valued at 5-15x annual revenue or 8-20x EBITDA:
| Metric | Year 5 | Year 7 | Year 10 |
|---|---|---|---|
| Assets Under Management | $100M | $400M | $1B |
| Annual Management Fees | $2M | $8M | $20M |
| Annual Carry (avg) | $500K | $4M | $10M |
| Total Revenue | $2.5M | $12M | $30M |
| EBITDA (30% margin) | $750K | $3.6M | $9M |
| Valuation (8-12x EBITDA) | $6M-$9M | $29M-$43M | $72M-$108M |
| Per Founder (50% each) | $3M-$4.5M | $14.5M-$21.5M | $36M-$54M |
If HomeStat's blockchain platform becomes licensable to other funds, valuation multiples could increase to 15-20x:
| Scenario | Year 10 Valuation | Per Founder |
|---|---|---|
| Traditional Fund (10x) | $90M | $45M |
| Platform Play (15x) | $135M | $67.5M |
| Tech Premium (20x) | $180M | $90M |
Sell management company to larger real estate PE firm, bank, or fintech:
Take management company public:
Take some chips off the table while maintaining control:
| Income Source | Annual | Cumulative |
|---|---|---|
| Salary | $250K | $750K |
| Other Income | $0 | $0 |
| Total | $250K | $750K |
| Income Source | Annual Avg | Cumulative |
|---|---|---|
| Salary | $325K | $1.4M |
| Carried Interest (begins) | $250K | $500K |
| Co-Investment Distributions | $150K | $300K |
| Total | $725K | $2.2M |
| Income Source | Annual Avg | 5-Yr Total |
|---|---|---|
| Salary | $350K | $1.75M |
| Management Fee Profit | $1.5M | $7.5M |
| Carried Interest (multiple funds) | $2.5M | $12.5M |
| Co-Investment Returns | $400K | $2M |
| Total Cash | $4.75M | $23.75M |
| + Management Co. Value | $80M-$225M |
| Scenario | Cash Earned | Company Value | Total Wealth |
|---|---|---|---|
| Conservative | $8M | $20M | $28M |
| Base Case | $25M | $80M | $105M |
| Optimistic | $35M | $150M | $185M |
| Opportunity | 10-Year Potential | Risk Level | Time to Liquidity |
|---|---|---|---|
| HomeStat (Base Case) | $50M-$100M | Medium | 7-10 years |
| Tech Startup | $0-$500M+ | Very High | 7-10 years |
| Traditional RE Dev | $10M-$50M | High | 5-10 years |
| Corporate Executive | $5M-$15M | Low | Ongoing |
| Traditional Fund Manager | $20M-$100M | Medium | 7-10 years |
Most Likely Outcome: $50M - $100M per founder over 10 years
This assumes:
For detailed discussions about founder compensation, equity structure, or wealth planning:
Email: founders@homestat.com
Schedule: cal.com/homestat
A complete guide to understanding the blockchain technology behind HomeStat
HomeStat tokens are like digital stock certificates. Instead of receiving a paper certificate when you invest, you receive a digital token that lives on the blockchain (a secure digital ledger). This token proves you own a piece of the fund and entitles you to your share of profits.
Think of it like this:
Both represent ownership. Both pay dividends. The blockchain version just uses newer technology that's more transparent and efficient.
A token is a digital asset that represents ownership or rights. In HomeStat's case, each token represents:
When you invest $10,000, you receive 1,000 tokens. These tokens are:
Your Investment Journey
You invest: $10,000
↓
You receive: 1,000 HCC tokens
↓
Token value: $10.00 per token (initially)
↓
Year 3: Fund makes money, distributes profits
↓
You receive: $800 (0.80 per token × 1,000 tokens)
↓
Year 5: More profits distributed
↓
Token value: $12.50 per token
Your holding: 1,000 tokens = $12,500 value
↓
Total return: $2,500 profit + distributions received
The blockchain is a digital ledger (like a spreadsheet) that tracks who owns what. It's called "blockchain" because information is stored in "blocks" that are "chained" together.
| Feature | What It Means | Why It Matters |
|---|---|---|
| Transparent | Everyone can see all transactions | You can verify fund operations anytime |
| Immutable | Records can't be changed or deleted | No one can alter your ownership or history |
| Decentralized | No single company controls it | Not dependent on any one institution |
| Programmable | Can automate actions with code | Distributions happen automatically |
HomeStat uses Ethereum, the most established blockchain for financial applications. Think of Ethereum as:
Token standards are like building codes - they ensure tokens work consistently and securely. HomeStat uses ERC-3643, specifically designed for security tokens (tokenized securities).
Bitcoin is a cryptocurrency (digital money). HomeStat tokens are security tokens (digital ownership). Key differences:
| Feature | Bitcoin | HomeStat Token |
|---|---|---|
| Purpose | Currency / Store of value | Ownership in real estate fund |
| Backed By | Nothing (like gold) | Physical real estate assets |
| Dividends | No | Yes, quarterly distributions |
| Regulated | As commodity | As security (SEC oversight) |
| Who Can Buy | Anyone | Accredited investors only |
A smart contract is computer code that automatically executes when conditions are met. Think of it like a vending machine:
Traditional Contract:
"If you deposit $1.50, I'll give you a soda."
Requires trust in both parties to fulfill their obligations.
Smart Contract (Vending Machine):
"IF $1.50 deposited, THEN dispense soda."
Happens automatically. No trust needed.
HomeStat uses 7 interconnected smart contracts that automate fund operations:
What it does: Manages token ownership and transfers
Example:
IF transfer requested:
CHECK: Is sender verified? ✓
CHECK: Is recipient accredited? ✓
CHECK: Is lock-up expired? ✓
IF all checks pass:
EXECUTE transfer
ELSE:
REJECT transfer
What it does: Calculates and pays quarterly distributions
Example:
Quarter end date arrives:
CALCULATE each holder's share:
- You own: 1,000 tokens
- Total tokens: 10,000,000
- Your share: 0.01%
- Total distribution: $8,000,000
- Your payment: $8,000,000 × 0.01% = $800
SEND $800 in USDC to your wallet
AUTOMATICALLY, no human intervention needed
What it does: Manages voting on fund decisions
Example:
Proposal: "Should we increase management fee to 2.5%?"
Voting period: 7 days
Your vote: NO (1,000 tokens)
After 7 days:
COUNT votes:
YES: 2,500,000 tokens
NO: 6,500,000 tokens
RESULT: Proposal REJECTED (needs 66% to pass)
NO ACTION taken
What it does: Secures fund assets with multi-signature protection
Example:
Fund wants to deploy $8M to a project: CEO approves: ✓ (1 of 3 needed) CIO approves: ✓ (2 of 3 needed) CFO approves: ✓ (3 of 3 needed) WAIT 48 hours (safety delay) THEN: Transfer $8M to project If hacker tries to steal: Hacker has 0 signatures REJECTED automatically
USDC (USD Coin) is a stablecoin - a cryptocurrency that's always worth $1.00. It's like digital dollars.
| Benefit | Explanation |
|---|---|
| No Volatility | Unlike Bitcoin ($20K-$60K swings), USDC is always $1.00 |
| Fast Transfers | Send $1M in minutes vs. days with wire transfers |
| Lower Costs | $1-5 per transaction vs. $25-50 wire transfer fees |
| 24/7 Operations | Works weekends and holidays, unlike banks |
| Programmable | Can automate payments with smart contracts |
You can choose how you want to interact with HomeStat:
You do:
Smart contract does:
RECEIVE: $10,000 from your bank VERIFY: KYC approved ✓ VERIFY: Documents signed ✓ MINT: 1,000 new HCC tokens SEND: 1,000 tokens to your wallet RECORD: On blockchain forever
Where are your tokens?
Your 1,000 tokens live in your digital wallet. Think of it like:
You can verify ownership anytime:
Visit Etherscan.io → Search your wallet address → See your 1,000 HCC tokens
This is like checking your brokerage account, but completely transparent and public.
What happens automatically:
March 31 arrives (quarter end): SMART CONTRACT EXECUTES: 1. Calculate total distribution: $8,000,000 2. Calculate your share: - You own: 1,000 tokens - Total supply: 10,000,000 tokens - Your %: 0.01% - Your payment: $800 3. CHECK your preference: USDC or USD? - You selected: USDC 4. SEND 800 USDC to your wallet 5. RECORD transaction on blockchain 6. EMAIL you confirmation Total time: 2 minutes, completely automated
You do:
Nothing! The $800 just appears in your wallet. You can:
NAV increases as fund makes money:
| Date | NAV per Token | Your 1,000 Tokens Worth |
|---|---|---|
| Year 1 (Start) | $10.00 | $10,000 |
| Year 3 | $10.80 | $10,800 |
| Year 5 | $12.50 | $12,500 |
Why does value increase?
If you want to exit early:
Option A: Secondary Market (Preferred)
Visit tZERO exchange: 1. LIST your 1,000 tokens for sale 2. SET your price: $12.00 per token (current NAV is $12.50, so small discount) 3. WAIT for buyer 4. BUYER found: Wants 500 tokens 5. SMART CONTRACT executes: - Transfer 500 tokens to buyer - Transfer $6,000 USDC to you - Update blockchain records 6. DONE - you now have 500 tokens + $6,000 cash
Option B: Hold Until Fund Liquidation
Most investors hold until Year 7 when fund liquidates and returns all capital + profits.
Fund assets require 3 of 5 signatures to move:
Result: Impossible for one person (or hacker) to steal funds
Your Options:
| Option | Security Level | Best For |
|---|---|---|
| Hardware Wallet (Ledger, Trezor) |
Highest ⭐⭐⭐⭐⭐ | Large investments ($100K+) |
| Software Wallet (MetaMask, Coinbase Wallet) |
High ⭐⭐⭐⭐ | Most investors ($10K-$100K) |
| Custodial Service (HomeStat holds for you) |
High ⭐⭐⭐⭐ | Non-technical investors |
Problem: Forgot password, can't access tokens
Solution: HomeStat has "forced transfer" capability. With proper identity verification, we can transfer your tokens to a new wallet you control.
Problem: Bug discovered in smart contract code
Solution: Contracts are upgradeable. We can deploy fixed version without losing any data. Plus $10M insurance covers losses.
Problem: tZERO exchange gets hacked
Solution: Your tokens aren't stored on the exchange. They're in your wallet. Exchange only facilitates trades. Even if exchange goes down, you still own your tokens.
Problem: Ethereum network has problems
Solution: Underlying real estate assets unaffected. Can operate fund traditionally if needed. Blockchain is just the record-keeping layer.
| Action | Traditional Fund | HomeStat (Tokenized) |
|---|---|---|
| Investment | Wire $10K → Wait 5 days → Receive confirmation letter | Wire $10K → Wait 1 day → Tokens appear in wallet |
| Verification | Call investor relations → Wait for quarterly statement | Check blockchain → Instant verification 24/7 |
| Distribution | Check mailed → Wait 7 days → Deposit at bank | USDC sent automatically → Instant receipt |
| Transfer | Call fund → Fill out forms → Wait 30 days | Initiate transfer → Complete in minutes |
| Transparency | Quarterly reports → Limited visibility | Real-time blockchain data → Full transparency |
No. HomeStat handles all the technical complexity. You can invest and receive distributions in regular USD. Think of blockchain like email - you don't need to understand SMTP protocol to send emails.
Yes. HomeStat tokens are SEC-registered securities under Regulation D. We comply with all securities laws. The blockchain is just the technology layer - the legal structure is traditional.
The underlying real estate assets remain. Blockchain is just the record-keeping system. If needed, we can revert to traditional fund administration. Your ownership is protected legally, not just technologically.
With proper legal authority, yes (same as traditional assets). Court orders, tax liens, and legal judgments can result in forced transfers. This is no different than traditional securities. The blockchain doesn't make assets immune to law.
Yes, same as traditional investments. You pay taxes on:
The IRS treats HomeStat tokens as securities, not cryptocurrency, so standard securities tax rules apply.
HomeStat offers white-glove onboarding:
Our team is available to walk you through the technology and answer any questions.
Contact Us:
📧 invest@homestat.com
📞 +1 (555) 123-4567
🌐 homestat.com
📅 Schedule a technology walkthrough
Ready-to-use content for promoting HomeStat Capital
🏠 Introducing HomeStat Capital: Democratizing Affordable Housing Investment
We're excited to announce the launch of HomeStat Capital Fund I - a $100M tokenized investment fund addressing America's affordable housing crisis through blockchain technology.
The Problem: 7.2M shortage of affordable homes. Projects can't break ground due to a 10-20% financing gap.
Our Solution: Provide $5-20M in gap financing per project, enabling developments to start construction.
Key Innovations:
✅ $1,000 minimum investment (vs $250K+ traditional)
✅ 8-12% target IRR with measurable social impact
✅ Blockchain transparency & automated compliance
✅ 1,228 affordable units financed over 5 years
Join us in solving the housing crisis. Learn more at homestat.com
#AffordableHousing #ImpactInvesting #RealEstate #Blockchain #PropTech
1/8 🧵 We're launching HomeStat Capital - the first tokenized fund focused exclusively on affordable housing gap financing. Here's why this matters:
2/8 The US has a 7.2M shortage of affordable homes. Not because we lack developers or demand, but because of a systematic financing gap.
3/8 Affordable housing projects need multiple funding sources: bank loans (50%), tax credits (30%), subsidies (10%), and gap equity (10-20%). That last piece is nearly impossible to get.
4/8 Traditional institutional investors require $250K+ minimums. CDFIs are under-capitalized. Projects sit waiting for that 10-20% - and never break ground.
5/8 HomeStat solves this with blockchain: $1,000 minimums, automated compliance, transparent reporting, and global capital access. We provide the $5-20M that gets projects started.
6/8 Target returns: 8-12% IRR. Real assets, government-backed, counter-cyclical demand. Plus measurable impact: 1,228 units, 3,000 families housed, $36M in rent savings.
7/8 We're not just building a fund - we're creating infrastructure for the entire affordable housing ecosystem. Smart contracts, tokenization, impact tracking. All open for others to use.
8/8 If you believe housing is a right and that markets can solve social problems - let's talk. homestat.com
Making affordable housing investment accessible to everyone 🏠
HomeStat Capital is changing how we finance affordable housing:
💰 Invest from $1,000 (not $250K+)
📊 8-12% target returns
🏘️ 1,200+ homes financed
🌍 Real social impact
🔗 Powered by blockchain
Every investment creates homes for families who need them most.
Link in bio to learn more ➡️
#AffordableHousing #ImpactInvesting #SocialGood #PropTech #RealEstate #Housing #Community
FOR IMMEDIATE RELEASE
Blockchain-Enabled Platform Democratizes Access to Impact Investing
San Francisco, CA – October 12, 2025 – HomeStat Capital today announced the launch of its $100 million tokenized investment fund focused on providing gap financing for affordable housing developments across the United States. The fund represents the first blockchain-enabled investment vehicle dedicated exclusively to solving the nation's affordable housing shortage.
"America faces a critical housing crisis with 7.2 million families lacking access to affordable homes," said Sarah Chen, CEO and Co-Founder of HomeStat Capital. "The problem isn't a lack of demand or development expertise – it's a systematic financing gap. We're using blockchain technology to democratize access to this asset class and mobilize capital for social good."
HomeStat Capital's platform enables individual investors to participate with as little as $1,000, compared to the $250,000+ minimums typical of traditional real estate funds. The fund provides $5-20 million in gap equity and bridge financing per project, enabling affordable housing developments to secure construction financing and break ground.
Key Features:
"We're not just building a fund – we're creating infrastructure for the entire affordable housing ecosystem," said Marcus Thompson, CIO and Co-Founder. "Our blockchain platform provides transparency, reduces administrative costs by 70%, and enables real-time impact tracking."
The fund has secured $15 million in commitments from institutional investors and is targeting a first close of $50 million by Q4 2025. HomeStat Capital's leadership team brings together expertise from JP Morgan Community Development, Bridge Investment Group, Coinbase, and the SEC.
About HomeStat Capital
HomeStat Capital is a technology-enabled investment platform focused on affordable housing development finance. The company combines institutional real estate expertise with blockchain innovation to democratize access to impact investing. For more information, visit homestat.com.
Media Contact:
Press Team
HomeStat Capital
press@homestat.com
+1 (555) 123-4567
Subject: Introduction to HomeStat Capital - Affordable Housing Investment Opportunity
Dear [Name],
I wanted to share an exciting investment opportunity that combines attractive risk-adjusted returns with meaningful social impact.
HomeStat Capital is launching a $100M tokenized fund focused on affordable housing gap financing. We're addressing the 10-20% equity gap that prevents affordable housing projects from breaking ground.
Investment Highlights:
Social Impact:
Fund I will finance 1,228 affordable housing units, house ~3,000 families, and generate $36M in rent savings vs. market rates.
I've attached our investor deck and executive summary. Would you be interested in a brief call next week to discuss further?
Best regards,
[Your Name]
Attachments: HomeStat_Investor_Deck.pdf, Executive_Summary.pdf
Subject: Partnership Opportunity - HomeStat Capital
Dear [Developer/CDFI Name],
I'm reaching out from HomeStat Capital regarding a potential partnership opportunity for your affordable housing projects.
We're a $100M tokenized investment fund specializing in gap financing - providing the critical 10-20% equity that enables projects to secure construction financing and break ground.
What We Offer:
Ideal Projects:
Would you be open to a conversation about your current pipeline and how we might work together?
Best regards,
[Your Name]
HomeStat Capital
[email] | [phone]
Democratizing Affordable Housing Investment Through Blockchain
Investment StrategyProvide $5-20M in gap financing per project to enable affordable housing developments to break ground. Bridge the critical equity gap that prevents projects from securing construction financing. |
Key Terms
Fund Size: $100M |
12 projects across 10 states | 1,228 affordable units | $88M deployed
Learn More: homestat.com | invest@homestat.com | +1 (555) 123-4567
By Sarah Chen, CEO, HomeStat Capital
America's affordable housing crisis isn't a problem of supply, demand, or expertise. It's a problem of capital access.
Over the past decade, I've worked on over $2 billion in affordable housing transactions at JP Morgan Community Development. I've seen hundreds of excellent projects with experienced developers, strong market demand, and community support - all held up by the same issue: a 10-20% equity gap.
The Traditional Model is Broken
Affordable housing projects typically need multiple financing sources to reach 100% of development costs. Banks provide 45-55% through construction loans. Tax credit investors cover 30-35% through LIHTC equity. Government subsidies add another 5-10%. But that leaves 10-20% that's nearly impossible to fill.
Traditional institutional investors require $250,000+ minimums and lengthy due diligence processes. Community Development Financial Institutions are under-capitalized and oversubscribed. Family offices want full project control. The gap remains.
Blockchain Changes Everything
Blockchain technology - specifically security token infrastructure - solves three critical problems:
1. Democratized Access
Tokenization enables fractional ownership starting at $1,000. Instead of needing 400 investors at $250K each for a $100M fund, we can access 100,000 investors at $1K each. This dramatically expands the capital pool.
2. Operational Efficiency
Smart contracts automate compliance, distributions, and reporting. This reduces fund administration costs by approximately 70%, allowing more capital to flow to projects and reducing fees for investors.
3. Transparency & Trust
All fund transactions, NAV calculations, and impact metrics published on-chain. Investors can verify holdings in real-time. Communities can track projects and outcomes. This builds trust and accountability.
Real Impact, Real Returns
This isn't charity. Affordable housing provides attractive risk-adjusted returns:
Our target of 8-12% IRR is competitive with traditional real estate while generating measurable social impact.
Building Infrastructure, Not Just a Fund
At HomeStat Capital, we're not just launching one fund. We're building the infrastructure layer for the entire affordable housing ecosystem. Our smart contracts, tokenization platform, and impact tracking systems will be available for other funds, CDFIs, and developers to use.
If we truly want to solve the affordable housing crisis, we need to make it easy for capital to flow to projects. Blockchain gives us that capability.
The technology is ready. The need is urgent. The opportunity is massive.
Let's build.
Sarah Chen is the CEO and Co-Founder of HomeStat Capital, a $100M tokenized investment fund focused on affordable housing. Previously, she led JP Morgan's affordable housing division and structured over $2 billion in LIHTC transactions.
Create visual graphics with these data points:
Suggested Color Palette:
[SCENE 1 - The Problem]
VISUAL: Empty lot with "For Affordable Housing" sign
NARRATOR: "7.2 million American families can't find affordable housing. Not because we lack the land, the builders, or the demand."
[SCENE 2 - The Gap]
VISUAL: Animated bar chart showing financing stack with gap
NARRATOR: "It's because of a financing gap. Most projects can secure 80-90% of funding. But that last 10-20%? Nearly impossible to get."
[SCENE 3 - The Solution]
VISUAL: HomeStat logo animation
NARRATOR: "HomeStat Capital fills that gap. We provide the $5-20 million that gets affordable housing projects started."
[SCENE 4 - How It Works]
VISUAL: Blockchain animation showing tokens and global investors
NARRATOR: "Using blockchain technology, we let anyone invest from $1,000. Thousands of investors, instead of a few institutions."
[SCENE 5 - The Impact]
VISUAL: Families moving into new homes
NARRATOR: "Over five years, we'll finance 1,200 homes, house 3,000 families, and save them $36 million in rent. While generating 8-12% returns for investors."
[SCENE 6 - Call to Action]
VISUAL: homestat.com on screen
NARRATOR: "Real returns. Real impact. Real change. Learn more at homestat.com"
Common questions about HomeStat Capital and the investment opportunity
HomeStat Capital is a $100 million tokenized investment fund that provides gap financing for affordable housing developments across the United States. We bridge the critical 10-20% equity gap that prevents affordable housing projects from securing construction financing and breaking ground.
Affordable housing projects typically need multiple funding sources: bank construction loans (45-55%), LIHTC tax credit equity (30-35%), government subsidies (5-10%), and developer equity (10-20%). That final 10-20% is extremely difficult to secure because traditional institutional investors require $250K+ minimums and long due diligence processes, while CDFIs are under-capitalized. This gap prevents otherwise viable projects from moving forward.
We use blockchain technology to democratize access to affordable housing investment. Through tokenization, we enable fractional ownership starting at $1,000, dramatically expanding the investor base. Smart contracts automate compliance and reduce administrative costs by 70%, allowing more capital to flow directly to projects.
Currently, HomeStat Capital Fund I is available to accredited investors only under Regulation D 506(c). An accredited investor is someone with:
International investors can participate through Regulation S offerings.
The minimum investment is $10,000 (1,000 tokens at $10 per token). This is significantly lower than traditional real estate funds which typically require $250,000-$1,000,000 minimums.
We target 8-12% Net IRR (after fees) with a 1.25x-1.45x multiple on invested capital (MOIC) over the 7-year fund life. Returns come from multiple sources:
Distributions are paid quarterly starting in Year 3. The distribution schedule follows a typical real estate fund pattern:
HomeStat Capital charges standard institutional fund fees:
The waterfall structure ensures the GP only profits when investors achieve their target returns.
Yes, after a 12-month lock-up period, tokens can be traded on regulated security token exchanges including tZERO and INX. However, secondary market liquidity may be limited, especially in early years. Investors should be prepared to hold their investment for the full fund term if necessary.
Distributions are paid quarterly in USDC stablecoin (cryptocurrency pegged to the US dollar) or via USD bank transfer, based on your preference. Payments are automated through smart contracts and credited directly to your wallet or account.
You can invest using US dollars (via wire transfer or ACH) or USDC stablecoin. All amounts are denominated in USD.
Blockchain provides three key advantages:
A security token is a digital asset that represents ownership in a real-world asset (in our case, a real estate fund). Unlike cryptocurrencies, security tokens are regulated by securities laws and offer legal rights to dividends, voting, and ownership. HomeStat uses the ERC-3643 standard which has built-in compliance features.
No. While HomeStat uses blockchain infrastructure, you don't need any crypto knowledge to invest. Our platform handles all technical complexity. You can invest with traditional USD and receive distributions in USD if you prefer. We provide step-by-step guidance through the entire process.
Yes. HomeStat employs institutional-grade security measures:
Importantly, your investment is backed by real physical assets (land and buildings), not just code.
We have multiple safeguards: comprehensive insurance ($10M coverage), multi-sig security requiring multiple parties to approve transactions, circuit breakers that can pause the system, and the ability to revert to traditional fund administration if necessary. The underlying real estate assets remain unaffected by any technical issues with the blockchain layer.
We invest in affordable housing developments that meet strict criteria:
Fund I will invest in 10-15 projects across 10 states, deploying $88 million of the $100 million raised. Each project will receive $5-20 million depending on size and capital needs. This provides good diversification while maintaining meaningful position sizes.
We focus on high-growth Sunbelt and secondary markets with:
Current pipeline includes projects in Phoenix, Atlanta, Denver, Portland, Charlotte, Nashville, Indianapolis, Raleigh, Las Vegas, and San Antonio.
Average hold period is 3.5 years per project. The typical lifecycle is:
We have three primary exit strategies:
Real estate development carries inherent risks:
See our full risk disclosure in the Private Placement Memorandum for complete details.
We employ comprehensive risk management:
If a project encounters serious problems, we have several recourse options:
Due to diversification, even a complete loss on one project would reduce overall fund returns by approximately 60-80 basis points, not eliminate them entirely.
Affordable housing is notably counter-cyclical. During economic downturns:
The 2008 financial crisis actually saw increased occupancy and stable performance for affordable housing while market-rate struggled.
We track comprehensive metrics published on-chain quarterly:
All metrics are verified by third-party housing nonprofits annually.
Over 5 years, Fund I will:
All projects have legally binding affordability restrictions:
The investment process is straightforward:
The entire process typically takes 5-10 business days.
Yes, but we make it easy. We'll help you set up a wallet (MetaMask or similar) during onboarding if you don't already have one. If you prefer, we can also provide custodial wallet services where we hold your tokens on your behalf.
You'll have access to a comprehensive investor portal showing:
HomeStat Capital is structured as a pass-through entity. You'll receive:
Consult with your tax advisor for specific guidance on your situation.
Yes, through a self-directed IRA that allows alternative investments. You'll need to work with a custodian that supports these types of investments. We can provide recommendations.
HomeStat Capital was founded by:
Together they bring 30+ years of combined experience in affordable housing development and institutional real estate investment.
Our full executive team includes:
Our advisory board includes:
Yes, we've filed a Form D with the SEC under Regulation D 506(c). We comply with all applicable securities laws and regulations. Our offering materials and structure have been reviewed by experienced securities counsel.
We're happy to provide additional information:
We offer one-on-one calls with our investment team to answer specific questions and walk through the offering in detail.
Yes! We encourage investors to visit our projects. We organize quarterly site tours where investors can see construction progress and meet local developers. We'll also arrange individual visits upon request.
We recommend reviewing:
All documents are available in this resource package or upon request.
We're here to help. Our team is available to answer any questions and provide additional information.
Contact Us:
📧 invest@homestat.com
📞 +1 (555) 123-4567
🌐 homestat.com
📅 Schedule a call