Investment Strategy

Empowering a new generation of tenants. To thrive. To succeed

ODAN Capital is focused on last mile real estate in growth markets across the USA and Europe, with a strong focus on e-commerce penetration and paths of progress. We form joint ventures and co-gp relationships with best in class and vetted local partners. Selectively, we partner with groups who have a proven track record and share our high conviction thesis. We invest alongside our LPs with a goal of generating attractive returns and thoughtfully managing risk.

Why last mile real estate?

SUPPLY AND DEMAND IMBALANCE

Every year, the supply of well located class B / C industrial is shrinking by 1-2 % a year. Assets have been repurposed into residential, office and retail

CONSUMER PREFERENCES ARE EVOLVING

Consumers are expecting goods to arrive within hours, let alone days. With every $1BN increase in online sales, 1.25M SF of industrial real estate is required.

EXPONENTIALLY GROWING DEMAND

With every $1BN increase in online sales, 1.25M SF of industrial real estate is needed. The exponential growth of cloud retail concepts (e.g. ghost kitchens) is fueling new demand.

Investment Criteria

Small Bay, Multi-Tenant Warehouse, Distribution, Cold Storage, Ghost Kitchens, Online Delivery.
Close proximity to population density and gentrification. e-commerce tailwinds, job growth, population growth and business friendly states.
Florida, New York, North Carolina, South Carolina, Atlanta
We aim to buy 5-10 quality deals per year
Optimal Pricing $2-20MM. Goal of finding mispriced assets with mom and pop ownership or mismanagement
Through LastMile.space, we drive tenant demand in the quick commerce ecosystem
Renovation, address mismanagement, raise rental income, implement automation
E-Commerce real estate in supply constrained tier 1 / 2 cities
Capital raised on a deal by deal basis through syndications. Each property we invest in has a Investment structures Capital raised on a deal by deal basis through syndications. Each property we invest in has a separate LLC or legal structure
All cash to seller. Loan assumption may be considered. Cautious with debt. LP’s not liable for any debt on our assets
We aim to aggregate multiple properties and sell to institutional investors with significant cap rate compression

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