The Elwood

My experience investing with Goodin Development, working directly with Justin Goodin, is fantastic, and I continue to feel great in his work. During my initial research that continues throughout the building phase, Justin was and still s easily reachable through all forms of communication methods, answering all my questions thoroughly and professionally. He made me feel trusting, confident, and in good hands. He continues to send monthly communications and updates with pictures and drone videos on the status of the multifamily building being built, the Elwood in Kokomo. Justin Goodin is a true professional who is natural in what he does. His passion flows and shines through his work.

In June 2025, I made an investment in Goodin Development's The Elwood project in Kokomo, Indiana. This is a ground-up market-rate multifamily development outside Indianapolis, a market the sponsor knows well and is deeply focused on. The deal package outlined (realistically) the potential upsides and risks of the development, along with a robust outlining of the market and submarket fundamentals, details about incentives offered by the city, and it was all painted in a way that showed the project in a clear light. I conducted some additional underwriting on the location, area sales comps and rent comps, and everything checked out — the team had done their homework and hadn't missed anything of note. Following my investment, Goodin Development has provided very regular (monthly) updates on the project site. As with any ground-up development in its infancy, there may not be a lot to show in the first few months, but that didn't stop Justin from providing any and all details relevant to where the project was, what was coming up, and any challenges and opportunities they'd encountered. I can't yet speak to any return on investment at this point — I'm writing this review just a few months after groundbreaking, so the property obviously isn't cash flowing yet — but I'm confident that Goodin Development is working hard to make The Elwood not only a great investment but also a strong addition to the Kokomo community.

Justin is transparent and authentic. Every investment involves risk and he clearly communicates the assumptions made regarding his projects.

I've been working with Justin on The Elwood in Kokomo and am quite pleased with the experience so far. Justin does an excellent job of communicating all relevant information and is performing ahead of both schedule and expectations. I am encouraged by the level of professionalism and already looking forward to our next opportunity together.