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About Cityfunds

Cityfunds are the first ever index-like fund for a single city’s residential real estate market. By investing in fractions of homeowner equity in top cities, Cityfunds has made it possible for everyone to own real estate in high-demand markets like Austin, Dallas, Miami, and Tampa. Available to all investors for as little as $250. 

Cityfunds are SEC-qualified and FINRA-filed offerings. We urge you to review the applicable offering circular filed with the SEC, available here.

By clicking the "INVEST NOW" button, you understand you are investing with the intention of holding your securities for at least 6 months and that Cityfunds does not offer refunds after an investment has been made.

Note: You will be able to review the investment details before finalizing the purchase.

Learn more about Cityfunds Secondary Trading Platform.

Electronic Funds Transfer Disclosure

People also own

The above is based on other users on Nada who invested in other Cityfunds. This is not intended to be investment advice.

Learn more about HPI Values.
Terms and Information
Offering Price
Manager

$10.00

Cityfunds Manager, LLC

Distribution
Legal

Quarterly (beginning 2023)

Bevilacqua PLLC

Management Fee
Broker-Dealer

1.5% of equity value (annual)

Dalmore Group, LLC

Acquisition Fee
Auditor

1.0% of purchase (SFR)

Artesian CPA, LLC

Incentive Fee
Escrow & Custody

None

North Capital INC.

Projected Returns
Secondary Trading

12 - 15% IRR** (Net)

North Capital Private Securities Corp.


**IRR (Internal Rate of Return) is the annual rate of growth an investment is expected to generate. Note: this is an estimate.

Performance

Performance updated through end of August 2022

+24% (last 12 Months)

7.32% (annualized)

Gross Income Yield
HPI

+10.81% (since April '22)

Austin-Round Rock- San Marcos

YTD Appreciation
MSA

$10.00

Ramping Up

NAV
Stage

*Past performance is not indicative of future results. No assurance can be provided that the market or the value of our investments will appreciate or will not depreciate in value.

Documents

World's largest asset class made accessible.

Invest in one city

Cityfunds make it possible to invest in a single city’s residential real estate market, unlocking access to high-demand markets like Austin, Miami, and Dallas.

Available to the public

Cityfunds are available to all investors for as little as $250, unlike other private real estate funds which are exclusive to high net-worth investors.

Buy and trade like stocks

Invest In Cityfunds as easy as you invest in stocks. Combining what people love about ETFs with the largest asset class in the world.


Learn more
about secondary trading conditions.

Earn on the Nada card

Receive dividends on the Nada debit card and earn rewards on everyday purchases or investing in other Cityfunds.

FAQs

Browse to find answers to commonly asked questions.

What is a Cityfund?

a. Cityfunds are an index-like fund that provides targeted exposure to a single city’s residential real estate market. Cityfunds are available to all investors, unlike most real estate funds which are only available to private investors. Now anyone who wants to invest in Austin, Miami, or New York real estate for example will have the opportunity to do so with Cityfunds.

b. We designed Cityfunds from the successful transformation we have seen from actively managed mutual funds to passively managed index-based exchange traded funds (ETFs). Many ETFs enable investors to make very targeted investment decisions within a specific sector, geography, or risk profile. We wanted to provide investors this type of targeted exposure to a specific city through a diversified portfolio of residential real estate assets.

What asset types does a Cityfund invest in?

Cityfunds only invest in single family residential real estate using two strategies: (1) fractional investments in homeowner equity via Nada’s Homeshares product and (2) acquisitions of single-family rental homes. If you are interested in partnering with Nada to source acquisitions, email us at hello@nada.co.

Can I trade or sell my shares (interests) in a Cityfund like I do stocks?

We have partnered with North Capital to bring Cityfunds to a secondary trading platform. Soon you will be able to trade your shares on the Nada Platform.

Who can invest in a Cityfund?

Everyone can invest in a Cityfund for as little as $250. Most real estate investments are not accessible to everyone due to the requirement for investors to be accredited, charging high fees, and requiring high minimum investment amounts.

Can I cancel my investment if I change my mind?

Regulation A and D offerings are final sale. You may not be able to cancel a commitment for one of these investment opportunities under any circumstances. Please review the relevant offering materials and subscription documentation for more information. Email investing@nada.co for support.

What is the minimum initial invesment?

You can own a piece of real estate for as little as $250.

Who manages Cityfunds?

Cityfunds Manager, LLC. which is a joint venture between Nada Asset Management, LLC and Compound Asset Management, LLC.

What cities are Cityfunds investing in?

We have 4 Cityfunds active right now – Austin TX, Dallas TX, Miami FL, Tampa FL - and we have 6 more to be announced soon. Cityfunds will scale across the country and eventually abroad, providing even more opportunities for investors around the world to take part in owning a piece of the cities they love.

What kind of returns does a Cityfund provide?

Cityfunds are designed to provide returns that are related to the home-price appreciation of a specific market. Based on recent historical and assumed continuing home-price appreciation, we expect both our single-family rental acquisitions as well as our Homeshare investments to generate annual internal rates of return “IRR” of between 12% and 16% over a 7-year period.

Can I track Cityfund acquisitions and performance as an investor?

Yes! In the spirit of full transparency, Nada will be releasing a mobile app which is fully integrated with each Cityfund and designed to provide investors with an engaging and seamless experience. Investors receive alerts for new acquisitions, Cityfund valuation updates, Cityfund index updates, and all the current news on all things Cityfunds. Each investor will gain access to the Nada app for free.

Can I invest from my country?

Our platform allows only US based investors for now. We will keep you updated if we expand to international investors

Still have questions?

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© 2022 Nada Holdings, Inc. and/or its affiliates. All rights reserved. Nada is a registered service mark of Nada Holdings, Inc.

Nada Holdings, Inc. ("Nada"), as a manager of Cityfunds I, LLC (“Cityfunds”) operates the www.nada.co website (the "Site") and the mobile-based app (the "App") and is not a broker-dealer or investment advisor. All securities (“Shares”) related activity is conducted through Dalmore Group LLC, a registered broker-dealer and member of FINRA/SIPC, located at 525 Green Place, Woodmere, NY 11598. You can review the brokercheck for Dalmore.

You should speak with your financial advisor, accountant and/or attorney when evaluating any offering. Neither Nada, Cityfunds, nor Dalmore makes any recommendations or provides advice about investments, and no communication, through this website or in any other medium, should be construed as a recommendation for any security offered on or off this investment platform. The Site may make forward-looking statements. You should not rely on these statements but should carefully evaluate the offering materials in assessing any investment opportunity, including the complete set of risk factors that are provided as part of the offering circular for your consideration.

Cityfunds is conducting public offerings pursuant to Regulation A, as amended, through the Site and App. The offering circular for Cityfunds is available. Past performance is no guarantee of future results. Investments such as those on the Nada platform are speculative and involve substantial risks to consider before investing, outlined in the respective offering materials and including, but not limited to, illiquidity, lack of diversification and complete loss of capital. Key risks include, but are not limited to, limited operating history, limited diversification, risk of asset damage or theft and lack of voting rights. Also, the adverse economic effects of the COVID-19 pandemic remain unknown and could materially impact this investment. An investment in an offering constitutes only an investment in a particular series and not in Cityfunds or the underlying asset(s). Investors should carefully review the risks located in the respective offering materials for a more comprehensive discussion of risk.

From time to time, Cityfunds will seek to qualify additional series offerings of securities under Regulation A. For offerings that have not yet been qualified, no money or other consideration is being solicited and, if sent in response, will not be accepted. No offer to buy securities of a particular offering can be accepted, and no part of the purchase price can be received until an offering statement filed with the Securities and Exchange Commission (the "SEC") relating to that series has been qualified by the SEC. Any such offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time before notice of acceptance given after the date of qualification by the SEC. An indication of interest involves no obligation or commitment of any kind.

Investment overviews contained herein contain summaries of the purpose and the principal business terms of the investment opportunities. Such summaries are intended for informational purposes only and do not purport to be complete, and each is qualified in its entirety by reference to the more-detailed discussions contained in the respective offering circular filed with the SEC.

Cityfunds does not offer refunds after an investment has been made. Please review the relevant offering materials and subscription documentation for more information.

All Shares will be issued in electronic form only and will not be listed or quoted on any securities exchange. We expect that after a Series’ offering has concluded, the Public Private Execution Network Alternative Trading System, or PPEX ATS (the “Secondary Trading Platform”), which is registered with the SEC and operated by North Capital Private Securities Corporation (“North Capital”), will be a venue available for the resale of such Shares through Dalmore, as a broker-dealer member of the Secondary Trading Platform; provided, however, any such resale of Shares will be subject to federal and state securities laws and the restrictions in the Series’ Operating Agreement, and there can be no assurance that an active market for any Shares will develop on the Secondary Trading Platform, that the Secondary Trading Platform will be available to allow resales of Shares to residents of all states, or that the Secondary Trading Platform will be available at all. For these reasons, investors must be prepared to hold their Shares indefinitely.

You may obtain a copy of the applicable offering circular here.

Cityfunds I, LLC is a Delaware series limited liability company, formed to enable public investment in residential real estate properties in specific cities. A separate series of the Company will be formed to invest in the properties in each such city, either directly or through our “Homeshares” product, and each series intends to sell membership interests in the series to investors through a potential under Tier II of Regulation A of the Securities Act. As a Delaware series limited liability company, the debts, liabilities, obligations, and expenses incurred, contracted for or otherwise existing with respect to a particular series are segregated and enforceable only against the assets of such series, as provided under Delaware law.

Cityfunds I, LLC is managed by Cityfunds Manager, LLC, a joint venture between Nada Asset Management LLC, or Nada (the Managing Member), and Compound Asset Management LLC. Pursuant to the terms of the Company’s Limited Liability Company Agreement dated as of April 26, 2021, or the Operating Agreement, the Manager will provide certain management, advisory, and support services to the Company and to each series and its subsidiaries.Nada Holdings, Inc. (“Nada”) has a business relationship with Nada Loans, LLC, Nada Realty LLC, Nada Investments LLC, Nada Home Services, LLC, Nada Insured LLC, and Cityfunds Manager, LLC. (collectively, the “Affiliates”). Learn more about Affiliated Businesses.

Nada Holdings, Inc. (“Nada”) is a financial technology company and is not a bank. Banking services are provided by Nada's banking partners. The Nada Debit Card is issued by Nada's banking partners.

Nada Realty is a licensed Texas Real Estate LLC Brokerage TREC# 9007703. TREC: Information About Brokerage Services | Consumer Protection Notice.

Nada Loans is a licensed Mortgage Company NMLS# 1993600. NMLS Consumer Access.

HPI: The Home Price Index (“HPI”) value is defined as a measure of changes in single-family home prices over time and is provided by HouseCanary. The HPI values displayed are based on the HouseCanary HPI data for a specific Metropolitan Statistical Area (MSA). The HPI values have no association with any real estate investment offering(s) associated with Nada Holdings, Inc., Cityfunds I, LLC, and/or any affiliates.