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Nomad Capital is a private equity firm founded in 2006 by Erik Hemingway and his family, focusing on self-storage investments. The firm is headquartered in Wilmington, North Carolina, and has established itself as a key player in the self-storage sector. Initially starting with a single self-storage facility in Arizona, Nomad Capital has since expanded its portfolio significantly, managing over $75 million in assets.
The firm employs a value-add strategy, which involves acquiring underperforming self-storage properties and enhancing their value through operational improvements and renovations. Nomad Capital operates with a dedicated team that includes in-house management and construction teams, ensuring operational efficiency and maximizing cash flow from its investments.
As of now, Nomad Capital manages a portfolio of 10 self-storage facilities across various states, primarily in North Carolina and Arizona. The firm’s commitment to operational excellence and strategic acquisitions has positioned it as a notable entity in the real estate investment landscape.
Nomad Capital specializes in self-storage investments, utilizing a value-add strategy to enhance underperforming properties. Their investment approach includes acquiring existing self-storage facilities, converting other types of buildings into self-storage, and developing new facilities from the ground up. The firm focuses on maximizing operational efficiency through in-house management and construction teams, which allows them to maintain control over the enhancement process.
The firm targets properties that can be transformed into climate-controlled self-storage facilities, aiming to generate strong cash-on-cash returns. Nomad Capital's investment strategy is designed to appeal to individual accredited investors seeking stable real estate income. They emphasize operational improvements and strategic renovations to ensure that their investments yield above-average returns while managing risk effectively.
Nomad Capital's portfolio consists of several self-storage facilities, showcasing their focus on enhancing underperforming assets. The notable properties include:
This diverse portfolio reflects Nomad Capital's commitment to enhancing the self-storage market through strategic acquisitions and operational improvements.
Erik Hemingway: Founder of Nomad Capital, Erik has extensive experience in real estate investments, particularly in self-storage. He has led the firm since its inception in 2006.
Levi Hemingway: Co-Founder and Director of Construction and Expansion, Levi oversees the development and renovation projects within the portfolio, ensuring operational efficiency.
Clint Harris: Investor Relations, Clint manages relationships with investors and communicates the firm's investment strategies and performance.
Neil Henderson: Investor Relations, Neil supports investor communications and engagement, focusing on building strong relationships with stakeholders.
Andrew Lewis: Financial Controller/Treasurer, Andrew is responsible for the financial management and reporting of the firm’s assets.
Drake Massa: Director of Acquisitions, Drake leads the acquisition efforts for new properties, identifying opportunities that align with the firm’s investment strategy.
Joshuah Mundy: Asset Management and Investor Relations, Joshuah focuses on managing the performance of the portfolio properties and maintaining investor relations.
To pitch to Nomad Capital, founders should visit their website at nomadcapital.us and submit their proposals through the provided channels. It is important to include comprehensive details about the property, including current performance metrics and the proposed value-add strategy.
Nomad Capital prefers pitches that clearly outline the potential for operational improvements and cash flow generation. Founders should be prepared for a thorough review process, and response times may vary based on the volume of submissions.
As of April 2023, Nomad Capital has been actively expanding its portfolio of self-storage facilities across the United States. The firm has highlighted its investment strategy and portfolio on its website, showcasing various properties they manage.
Nomad Capital continues to focus on enhancing operational efficiency and maximizing cash flow from its self-storage investments. The firm remains committed to its value-add strategy, targeting underperforming properties for acquisition and improvement.
What are Nomad Capital's investment criteria?
Nomad Capital focuses on self-storage investments, particularly targeting underperforming properties that can be enhanced through renovations and operational improvements. They seek facilities that can be converted into climate-controlled self-storage to maximize cash flow.
How can I pitch to Nomad Capital?
Founders interested in pitching to Nomad Capital can submit their proposals through the firm's website at nomadcapital.us. It is advisable to include detailed information about the property, its current performance, and the proposed value-add strategy.
What makes Nomad Capital different from other investors?
Nomad Capital differentiates itself through its specialized focus on self-storage investments and its in-house management and construction teams. This allows them to maintain control over the enhancement process and ensure operational efficiency.
What is the geographic scope of Nomad Capital's investments?
The firm primarily invests in self-storage facilities located in the United States, with a strong focus on North Carolina and Arizona. They are actively expanding their portfolio within these regions.
What is the typical check size for investments?
Nomad Capital manages a fund size of $75 million, and while specific check sizes are not disclosed, they typically engage in investments that align with their value-add strategy in the self-storage sector.
What kind of post-investment involvement does Nomad Capital have?
Nomad Capital is actively involved in the management and operational oversight of its portfolio properties. Their in-house teams work to implement improvements and maximize cash flow from each facility.
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