Nomad Capital

We invested in El Fundo (their first multiple property) syndication 3 years ago. It was delayed originally due to inspections, permitting, plan changes. The lease up has been slow, however, in the Q2 reporting the first location is at approx 70% full. Things are looking up but distributions haven't started yet. It will likely be 2027 before we receive any preferred return. It should be noted that the preferred return is accruing and will be caught up before the GP / LP split when distributions commence. El Fundo consist of 4 properties. They do build out & convert old K'mart and Grocery stores to self storage. Nomad has a good team. Their IR duo, Clint and Neil is very responsive when contacted. They host the "Truly passive income podcast" which is great. They do Quarterly Business Reviews each quarter. The build out team (Elm builders) held their own reviews until the construction was complete. All in all, Nomad works hard in a tough market to move things forward. If you are an equity investor, this could be worth a look. This isn't a cash flow play, It is a conversion. This was disclosed before the investment was made. They are building for long term equity. For that they are solid. They do reg B and C for sophisticated and accredited investors.

Very impressed with the Nomad team and looking forward to continued prosperity with Nomad.

My wife and I have known and worked with one of the partners of Nomad for five years, and have made four investments with them. We have never been disappointed in the level of communication, nor the performance of the investments themselves. When one of the projects recently sold, we realized a payout that was far above our expectations. The team has always made themselves available for questions and concerns, and we foresee investing with them for many years to come.

I've invested with Nomad Capital in several storage conversion projects and couldn’t be happier with the experience. Their team is professional, transparent, and extremely informative — providing detailed monthly updates that make you feel genuinely connected to the progress. One of the projects was paid out ahead of schedule, and even exceeded the promised return, which is remarkable considering how challenging the market has been over the past few years due to rising interest rates. Their performance, communication, and ability to deliver results speak volumes. I look forward to investing with them again.