Episode 446
Opportunity in Co-Living Rentals with Matt Ryan
Matt Ryan started re-viv in 2016, capitalizing on his passion for high-performance construction, community development, and sustainable buildings. The catalyst was a community member in the neighborhood where he bought his first investment property: Ms. Pam. Ms. Pam walked every day to the elementary school where she worked and took the bus to her night shift job to provide for her granddaughter. As Matt grew to understand how more investment and development could change the neighborhood and potentially push out the Ms.Pams of the world, he felt a desire to find a better balance. In 2015, he moved to San Francisco to base his new endeavor on the idea of revitalizing communities through impactful investment real estate strategies. To him, affordable housing that is walkable, bike-able, and close to necessary retail and job centers shouldn't be just for the affluent.
We chat about:
We chat about:
- Started with $95,000 in 2013 and currently owns $4.5 million dollars of real estate with another $2.0 million in phase two build-outs via lot splits and ground-up residential.
- 22% IRR across realized projects with $1 million of equity invested. re-viv has grown its construction pipeline by 5x
since 1Q of 21'. - Launched our Opportunity Zone Fund in 2019 and raised over $2 million in equity.
- The current pipeline needs are $2 million in equity for current projects and looking to expand another $5 million in equity for projects within our pipeline.
Connect with Matt Ryan!
- Website: https://re-viv.com/
- LinkedIn: https://www.linkedin.com/in/mattryan2/
- Twitter: https://twitter.com/Matt_Ryan415
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