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INVESTING IN EAST CHATTANOOGA
accredited investors | non-accredited investors
The East Chattanooga development will deliver quality-built, affordable homes that are people- centric and community-minded.
Since 2013, our team has successfully managed over $2.4 billion in development, securing entitlements for nearly 3,500 housing units, as well as undertaking various municipal projects, industrial adaptive reuse initiatives, and commercial developments.
PROJECT OF INTEREST
affordable housing | workforce development | east chattanooga
MiKen utilizes government financial programs to support workforce development in East Chattanooga. These initiatives aim to enhance job opportunities and skills training for residents. Additionally, MiKen focuses on creating affordable housing to meet the community's needs.
Community Needs Assessment
Phase I
Engage residents through surveys, interviews, and focus groups to identify the priorities and challenges facing East Chattanooga.
Strategic Planning
Phase II
Develop a comprehensive action plan based on community insights to address key issues like housing affordability and economic empowerment.
Initiative Rollout
Phase III
Implement targeted initiatives, such as affordable housing and commercial revitalization, to realize the strategic plan and enhance community well-being.
FUND THESIS & EQUITY STRATEGY
affordable housing | workforce development | east chattanooga
FUND 1 RESPONSIBILITIES
Entitlements and Design: Fund 1 will manage obtaining necessary approvals, zoning changes, and project design.
Investment Period: Fund 1 will focus on the initial stages, increasing the project's value through entitlements and design improvements for 1 year.
Return Expectations: Fund 1 aims for a 2x return on investment with an 8% preferred return. At the end of Fund 1 investors will have the option to roll into private equity Fund 2 or opportunity zone Fund 1.
OPPORTUNITY ZONES
Tax Benefits: Opportunity zones offer significant tax advantages, including deferral of capital gains and potential elimination of taxes on new gains if the investment is held for a specified period.
ACCREDITED INVESTORS
institutions | businesses | high-net-worth individuals
MiKen communicates directly with accredited investors, enter your information and we'll be in contact with you shortly.
NON-ACCREDITED INVESTORS
individual investing
MiKeN Development is implementing a strategy to allow the general public to invest in its private equity fund, traditionally limited to institutional and accredited investors. By exploring innovative approaches like crowdfunding or tokenized investments, the company aims to democratize access to exclusive wealth-building opportunities—stay tuned for updates!
COMING SOON...
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