Lucas & Friend

Lucas & Friend

Collaborative Living Spaces for Global Chinese Students

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Security Type
Membership Units
Categories
Real Estate
Min Investment
$100
Location
Jackson, UT
Offering Date
March 12, 2020
Expected Close Date
December 31, 2020
Target Raise
$50.00K-$1.07M
Valuation
$100,000

Company Description

Lucas & Friend is a Wyoming limited liability company (LLC) established on 22 November 2019 to explore business opportunities coming from the unmet and growing coliving needs of “global Chinese”, defined as those who share a culture unified by: a culinary tradition centered on the rice bowl and a pair of chopsticks the association of a welcoming refuge evoked by an invitation to return home to drink some traditional Chinese homemade soup, a feeling of homesickness for Chinese wonton noodles, Chinese dumplings, or other Chinese comfort foods when away from “home”, and the need to take off one’s shoes and put on slippers after arriving home and requiring visitors to do the same.

Key Deal Facts

Join the ranks of VCs in one of today’s fastest growing real estate investment sector, coliving (210% growth since 2015, totaling > $3.2 billion up to 2019)
World’s 1st Regulation Crowdfunding of US coliving real estate for global Chinese students (55.3% of UC Irvine international students are Chinese while ethnic Chinese as a whole, comprising much but not all of the global Chinese market, make up some 18-19% in some university’s total enrollments)
Unique coliving investment combining real estate acquisition, development and property management
A disruptive innovation in the coliving space sector with a scalable brand offering catering to the global Chinese population

Use of Proceeds

  • Accounting & Administration $3,500 - $8,000
  • Operating Expenses $0 - $10,000
  • Acquisition of Real Estate Property $0 - $900,000
  • Renovation and Furnishing Cost $0 - $25,000
  • Legal Expenses $2,500 - $5,000
  • Reserve $37,250 - $13,250

Management Team / Advisory Board Bios

Nathan Jenkins - CEO, Founder
Amount Raised : $6,200
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Security Description

Membership Units represent ownership rights in a Limited Liability Company, indicated by the right to receive cash or unit distributions, declared by the Manager(s) of the LLC, and having voting rights in the governance of the Company.

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