Caption

Real estate investment startup expands in downtown Dayton

A real estate investment startup based in Indianapolis has expanded to a second location in Dayton.

Holdfolio is structured similarly to other real estate investment companies, but the business is rooted in the use of an online platform. The platform allows accredited and non-accredited investors to purchase stock in the company’s real estate portfolios.

» RELATED: What’s possible in Dayton? Startups trying to make their mark

It’s crowdsourcing for neighborhood development, said a spokeswoman for the Downtown Dayton Partnership.

Company CEO Jacob Blackett and Sterling White founded the company in October 2014 in Indianapolis, and have now added an office location in downtown Dayton at 409 E. Monument Ave. Five Rivers MetroParks and Bridge Credit Union are also located in the same building.

Recommended for you

Recommended for you

Recommended for you

Most read

  1. 1 Who's in Jail | Latest Greene County Bookings
  2. 2 F-35 program expected to have lasting impact for Wright-Patterson
  3. 3 'Baby, It's Cold Outside' writer's daughter says song isn't about date

“We feel an energy here in the downtown area, and we like the outlook in the Dayton market,” he said.

» RELATED: Kettering CEO shares tips for increasing entrepreneurial innovation

Blackett told this newspaper that one of the company’s niches is “focusing on properties located in areas that haven’t seen much attention.”

How it works? The company buys properties and bundles them together into a portfolio. The residential properties are renovated, and outside investors can buy equity stakes in the portfolio of properties.

» RELATED: Local restaurant chain inspires NYC startup

In Indianapolis, Holdfolio works closely with the city, the city development coalition and various neighborhood groups. Currently, the Holdfolio team has purchased eight properties in Dayton so far. Their goal is 10 properties per month, or 120 annually.

While the startup is focusing on single-family homes right now, Blackett said they are exploring the possibility of adding a multi-family and apartment model of business.

FIVE QUICK BUSINESS READS

» Amazon to create 100,000 full-time jobs

» Ohio water systems to map where lead pipes are located

» Allegiant adds new flights to Destin from Ohio airports

» Taco Bell to offer new taco shell made of chicken

» P&G aims to eliminate all manufacturing waste to landfills

More from Daytondailynews