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