Nestidd’s Disability Housing Platform Reaches $200 million
CHICAGO IL (January 27, 2022) – Nestidd, a technology-enabled disability housing operator, announced today the closing of new equity financing totaling $100 million. The investment drives the size of the company’s platform to more than $200 million in assets and $400 million in total purchasing power.
The fresh capital, committed by foundations, registered investment advisors, high-net-worth individuals, and family offices, is being deployed to acquire residential real estate which Nestidd leases to licensed care provider organizations.
“We serve two customers: the resident and the care agency,” said Vice President & Director of Development Amanda Parker. “A competent and consistent caregiver is crucial for people with disabilities. We find that bringing capital and real estate expertise to the agency enables them to provide superior care to the most residents.” Dennis Roberts, Chief Program Officer for national human service nonprofit Resources for Human Development, echoes: “We know service delivery. [Nestidd] knows real estate.”
This spring, to further help care agencies struggling with an ongoing staffing challenge, Nestidd will fund and launch Plantidd. The initiative will provide free on-site gardens, equipment, and programming to community care homes.
Nestidd finds and buys homes in safe neighborhoods, renovates, and customizes them so they are accessible, comfortable, and move-in ready. Care provider organizations lease the house and the provider’s clients move in. Tenants utilize Nestidd360°, the company’s disability-optimized property management service to handle ongoing maintenance and service.