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☀️ Monetizing Solar Tax Credits in Affordable Housing

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Top investors are buying this “unlisted” stock

When the team that co-founded Zillow and grew it into a $16B real estate leader starts a new company, investors notice. That’s why top firms like SoftBank invested in Pacaso.

Disrupting the real estate industry once again, Pacaso’s streamlined platform offers co-ownership of premier properties – revamping a $1.3T market.

By handing keys to 2,000+ happy homeowners, Pacaso has already made $110m+ in gross profits.

Now, after 41% gross profit growth last year, they recently reserved the Nasdaq ticker PCSO. But the real opportunity is now, at the unlisted stage.

Until May 29, you can join Pacaso as an investor for just $2.80/share.

This is a paid advertisement for Pacaso’s Regulation A offering. Please read the offering circular at invest.pacaso.com. Reserving a ticker symbol is not a guarantee that the company will go public. Listing on the NASDAQ is subject to approvals. Under Regulation A+, a company has the ability to change its share price by up to 20%, without requalifying the offering with the SEC.

📈 Data Point 

Mesirow Raises $1.2B for U.S. Apartment Fund

Chicago-based Mesirow has successfully closed its Real Estate Value Fund V, raising $1.2 billion—surpassing its $1 billion target. The fund will focus on value-add multifamily investments across major U.S. markets, signaling strong institutional confidence in the sector.

🧭 Market Watch 

Dallas Greenlights $14.5M for Buckner Station Development

The Dallas City Council has approved a $14.5 million incentive package for the $107 million Palladium Buckner Station Project in Southeast Dallas. This mixed-income, transit-oriented development near the DART Buckner Station aims to revitalize the Pleasant Grove neighborhood, marking one of the largest developments in the area in decades.

🧾 Rule of the Day 

Operating Expense Ratio (OER)

OER measures how much of a property’s income goes toward operating costs. It’s calculated by dividing operating expenses by effective gross income. For example, if a property earns $200,000 and has $80,000 in expenses, the OER is 40%. A lower ratio often means better operational efficiency. This metric helps compare how well different properties are managed financially.

🌱 Green Build

Monetizing Solar Tax Credits in Affordable Housing

Concentro has facilitated a $3.4 million transfer of Investment Tax Credits for ORLO's rooftop solar installations on affordable housing projects. This initiative exemplifies how renewable energy investments can be financially viable while promoting sustainability in multifamily developments. Know more.

Learn AI in 5 minutes a day

What’s the secret to staying ahead of the curve in the world of AI? Information. Luckily, you can join 1,000,000+ early adopters reading The Rundown AI — the free newsletter that makes you smarter on AI with just a 5-minute read per day.

🏘 Deal Radar 

Colorado Springs, CO

This 22-unit apartment building offers an average rent of $1.90 per square foot. The property, built in 1956, has 11,913 square feet of living space on a 0.64-acre lot, with units averaging 480 square feet each.

Oceanside, CA

A versatile 2,193-square-foot office condo within a 44-unit apartment community. This second-floor space includes three private offices, a conference room, storage/IT room, break room, reception area, and open cubicle space.

Des Moines, IA

Near Drake University in Des Moines, a fully renovated property offers great access to dining and entertainment. It benefits from a partial tax abatement until 2025 and is close to a new mixed-use development and hotel.

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