ZNest

Zillow for Senior Housing

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Security Type
CAFES
Categories
Technology, Real Estate
Min Investment
$100
Location
Las Vegas, NV
Expected Close Date
April 30, 2025
Target Raise
$50.00K-$2.00M
No. Investors
99
Security Price
$1
Website
znest.com
Number of Employees
3
Cash
$50,265
Revenue
$0
Short Term Debt
$9,372
Cost of Goods
$0
Long Term Debt
$250,000
Net Income
$0

Key Deal Facts

2x NBA champion Lamar Odom has partnered up with a Harvard MBA with 20+ years in senior housing
Founder started in senior housing in 2001 while at Apollo, which owned the largest private operator
Twelve of the largest and most influential institutional owners of senior housing are advisors
Two public REITs with 50+ senior housing operators in their portfolio have provided initial funding
30 of the top 50 largest operators (60%) in the US are directly affiliated with our advisory board
VP of Engineering and VP of Product Management has come from Caring(.com), one of the competitors
The Total Addressable Market (TAM) is $15.4B. The number of people age 85+ will double by 2040!
2nd Place for the Harvard Business School Alumni New Venture Competition Regional Finals (2024)

Management Team / Advisory Board Bios

Bennett Kim CEOManaging Director, Big Rock Partners Senior Housing; Chief Investment Officer & Chief Financial Officer, Big Rock Partners Acquisition Corp; Vice President, Apollo Real Estate Advisors; Asst VP, Oaktree Capital Management; Harvard MBA, UCLA BA, Lamar OdomChief Creative Officer2x NBA Champion; 6th Man of the Year Award, Tony Hong Executive Vice President of Business DevelopmentSenior VP of Acquisitions & Underwriting, Cogir Management; Senior VP of Acquisitions & Underwriting, Cadence Senior Living; VP of Investments & Acquisitions, Clearwater Living; Director of Acquisitions, Senior Resource Group; Stanford BA, Leo WongHead of SMBsOwner & Operator, Tender Loving Memory Care & Assisted Living Home; Sr Marketing Strategist, Lunchbox; A100 Co-Director, Gold House Collective; Adjunct Professor, University of Oklahoma; Syracuse BS, Dennis Ma VP of EngineeringVP of Engineering, Caring(.com); Director of Technology, Reviews(.com); General Manager, Growlio; Master of Medical Science, Boston University; University of Washington BS, Calvin Chen VP of Product ManagementDirector of Product Management, Caring(.com); Head of Product, Legalpad; COO, DingZhi10; Columbia Business School MBA; Columbia University BA
Amount Raised : $438,530
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Security Description

A CAFES (Contract and Future Equity Stake) can convert into different types of equity upon a Triggering Event, such as: common or preferred stock for a corporation, limited partnership interest for a limited partnership and membership interest for a limited liability company. At the time of the Triggering Event, the specific rights and limitations associated with the equity stake being issued to the investors will be determined and disclosed by the Entrepreneur.

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