A real estate investment startup based in Indianapolis has expanded to a second location in Dayton.
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.
“We feel an energy here in the downtown area, and we like the outlook in the Dayton market,” he said.
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.
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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.