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Philadelphia offers a rare opportunity for investors to tap into a high-growth, resilient real estate market. The city has demonstrated consistent, long-term appreciation, driven by its diverse economy and increasing real estate demand.
Impressive Long-Term Growth
: With over 80% appreciation in the last decade, Philadelphia’s real estate market has proven its strength and reliability, making it an attractive destination for investors seeking growth.Economic Powerhouse
: Ranked #8 in Gross Metropolitan Product (GMP) across the nation, Philadelphia is a hub of economic productivity, boasting a balanced and thriving economy. Key sectors like healthcare, education, and technology continue to fuel both job growth and real estate demand.Innovative Home Equity Agreement Strategy
: Cityfunds leverages Home Equity Agreements (HEAs) to provide fractional ownership in Philadelphia’s real estate market. By acquiring equity in owner-occupied homes at below-market prices, Cityfunds offers a unique opportunity to invest in the city's appreciation without the typical burdens of property management. This strategy ensures investors gain exposure to high-growth properties while enjoying 45% built-in downside protection.Early Access, Strong Upside:
By investing now during the pre-IPO stage, you have the unique opportunity to lock in shares at the initial offering price—positioning yourself for potential growth before the fund becomes available to a wider audience. As the fund gains traction and more investors come in, the increased demand may drive up share prices, potentially resulting in higher costs for latecomers. By securing your investment early, you're maximizing your potential returns by entering at the most advantageous price point, setting the stage for significant gains as the market responds to the fund's growth. Don’t miss this limited-time opportunity to get in ahead of the curve.Take advantage of this early investment opportunity, and position yourself for strong, long-term gains in one of the nation’s most promising real estate markets.
Philadelphia Cityfunds provides investors with fractional ownership in the growing Philadelphia real estate market through diversified home equity investments. Philadelphia’s strong economic foundation—anchored by its healthcare, education, and tech sectors—has driven home values up by over 80% in the past decade. Investing in HEAs means you’re not only participating in the city's continued growth but also benefiting from downside protection, as Cityfunds secures these investments at a discount to market value. This innovative investment model makes it easier than ever to capitalize on Philadelphia’s booming real estate while diversifying your portfolio with a forward-looking, high-potential asset.
Fund Performance
$/Share
$10.00
Appreciation
New
Total Investors
0
Projected Return
$1,000
Projected Return
$25,000
Investment
$25K
$500K
14% IRR
Target Return
12%
24%
5 Yrs
Hold Period
*The projections above are forward-looking statements that should not be relied upon as actual. Real estate investments come with risk as market conditions and business strategies may change, impacting financials considerably. Projections assume all dividends are reinvested.
About HEAs
Home equity investment agreements (which we refer to as “Homeshares”) allow homeowners to access cash from their equity without the burden of added debt or monthly payments while delivering highly accelerated & downside-protected assets to investors.
Home equity investment agreements are an emerging asset type, with only five or six asset originators operating within a $20+ trillion home equity market today. None of these originators make it possible for individual investors to gain access to this asset, instead they deal exclusively with a few private institutions. Nada is the first to make this asset accessible to individuals and smaller firms through its Cityfunds investment product. Home equity investment agreements have proven to be an established and institutional-grade asset, similar to the mortgage debt market products, with nearly $1 billion in unrated securitizations over the past two years, and most recently another $528 million in rated securitizations with the rating agency, DBRS Morningstar.
Historically, investors have not been able to access the home equity sector due to the lack of institutional-grade assets and the absence of a publicly available private real estate fund that has this type of deal flow. Nada, through its wholly-owned subsidiary Nada Loans, LLC, is capable of sourcing and originating home equity investment agreements through its in-house licensed mortgage brokerage origination and underwriting team.
2 Assets
As of November 21, 2024
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City Highlights
Population Rank
6th
Airport Arrivals Rank
21st
10yr GDP Growth
20.6%
Zillow Home Price Index (HPI)
Investing in Philadelphia means tapping into one of the most dynamic and historically rich cities in the U.S. With a healthcare and education sector that employs over 320,000 people, Philadelphia ranks as one of the nation's top cities for job growth and innovation. The city's real estate market has seen an impressive 80% home value appreciation over the last decade, offering strong returns for investors. Philadelphia’s $432 billion GDP ranks 8th in the country, driven by a diverse economy and strategic location. With its expanding tech sector, thriving urban developments, and a vibrant cultural scene—home to over 90 museums and countless historic landmarks—Philadelphia presents a compelling opportunity for long-term growth. Combining modern urban living with deep historical roots, Philadelphia is a city where investments in home equity are poised to benefit from sustained demand and appreciation.
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Fund Details
Strategy
Growth
Fund Status
Ramping Up
Target Return
12-16% IRR
Dividends
Event-based
Term
Open-ended
Management Fee
1.5% per year
Acquisition Fee
1.0%
Tax Form
K-1
Liquidity
Cityfunds expects that after a series primary offering has concluded, the "PPEX" ATS, which we will refer to as "Secondary Trading Platform," will be a venue made available for the resale of such series' interests (referred to as “shares”).
Management Team
Our Home equity investment agreement assets are sourced through a targeted strategy, rigorous diligence processes, an experienced team, and a commitment to transparency with all stakeholders. Cityfunds Manager, LLC, which is owned and managed by Nada is led by Tore Steen, John Green, Sundance Brennan, Justin Wang, and Jeremy Males, with 50+ years of industry experience and management of $1B+ in assets.
The Manager and the Cityfunds Series funds are uniquely well suited to be the source of underlying residential real estate investments because of their unprecedented ability to provide access to the $30+ trillion home equity sector of the residential real estate market.
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Risk Management
Nada supports Cityfunds and its investors through a two-stage, bottoms-up approach to mitigating risks. First, is our asset selection framework for home equity investment agreements. Second, we build investor protections directly into the home equity investment contract. Nada’s secured equity position comes with certain rights and protections and allows them to intervene and protect the interests of all equity holders in the underlying property.
Downside Protection: Home equity investment agreements are made with an average 10-15% discount to the home’s appraised value, protecting investors from home value declines and prepayments.
Secured Interests: Home equity investment agreements are secured and recorded with a Deed of Trust /Mortgage, typically behind the primary mortgage and above the homeowner (like a HELOC).
Structured Payouts: Homeowner payouts triggers established within the contract, most commonly by liquidity-driven transactions, such as a home sale or cash-out refinance.
Protective Covenants: Homeowner retains ownership—and must maintain and keep the asset unencumbered.
Right of First Refusal (ROFR): Contracts have a ROFR clause to protect against below-market transactions.
Quality Credit & Collateral: Most homeowners use their cash to reduce debts, improve their credit profile, and invest in their homes.
Related Documents
Subscription Agreement
Offering Memorandum
Additional Documents
Terms of Investment
Additional Information
* 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.
Philadelphia
$10.00
/ share
New
Own a piece of Philadelphia real estate and position yourself for growth before share prices increase.
© 2024 Nada Holdings, Inc. and/or its affiliates. All rights reserved. Nada is a registered service mark of Nada Holdings, Inc.
Note: These graphics are purely hypothetical and for illustrative purposes only and are not intended to reflect future returns or portfolio performance in any way. The value of our properties and investments may increase or decrease.
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.