Investing in Nico Echo Park, Benefit Corp. offers investors the opportunity to gain exposure to a portfolio of income-producing real estate located in the Echo Park neighborhood in the City of Los Angeles. We believe our investment strategy of investing in a concentrated geographic area (what we call the “Neighborhood Model”), with a focus on investing in multi-family, mixed-use, and commercial real estate (“Target Properties”) represents a unique opportunity to invest in the future of a specific neighborhood.
Additionally, as a Benefit Corporation, Nico Echo Park, has a mandate to balance financial returns to our shareholders with the social and environmental impact of our business on stakeholders in the communities where we operate. We have identified five (5) areas where we’ll concentrate social and environmental impact that we will seek to positively contribute to through our unique investment model:
- Increased financial inclusion and wealth creation:
Nico aims to democratize real estate investment and ensure that local stakeholders have the opportunity to participate as financial stakeholders in their neighborhood.
- Distributed power and stakeholder alignment:
Nico aims to align neighbors around shared financial and social interests.
- Improved environment and quality of life
Nico aims to improve living conditions for local residents and minimize negative environmental impact.
- Neighborhood diversity and stability
Nico aims to preserve the socioeconomic diversity and stability of the neighborhood.
- Strong local economy
Nico aims to contribute to a strong local economy that benefits neighborhood residents, business owners, and other stakeholders.
You can learn more about our Nico’s Impact Assessment Framework here.
We expect to use substantially all of the net proceeds from this offering, including proceeds from the sales of shares of common stock to acquire a portfolio composed of “Target Properties” (and additional investments over time) with a focus on investments within the Neighborhood where we feel that the risk-return characteristics are favorable.
*You can learn more about Nico’s investment strategy on page 90 of the offering circular in the section “Investment Strategy and Objectives”
