About
Projects
Offers
Calculator
Information
Investor's criteria Ways to invest Q&A Documents
Contacts

Investment in
affordable housing

Amount of investment
$100,000
Monthly income
~$1,0001
ROI
~10%1
Calculate your profit

At CoNest Investments, we are driven by a passion for transforming real estate into community-centric spaces that empower individuals and foster connections. Founded by seasoned professionals with extensive expertise in real estate development and affordable housing, our company addresses the housing crisis in Phoenix, Arizona, through innovative co-living models.

Our team’s diverse experience across the real estate industry enables us to refurbish single-family homes into affordable, communal spaces, providing low-income residents with not only a place to live but also a supportive community where they can thrive. We focus on acquiring and developing properties in accessible locations, near public transportation and commercial areas. Each residence is carefully selected based on affordability and renovation potential, with homes typically ranging from 1,300 to 1,600 square feet. Many require complete rehabilitation, allowing us to create high-quality, multi-bedroom living spaces that foster a sense of belonging and long-term stability for residents.

By focusing on thoughtful property selection and comprehensive renovations, we ensure that each transformed home not only provides an affordable place to live but also contributes to the growth of vibrant, sustainable communities.

Meet our founders

Jamil Damji

Extensive background in real estate and media.

Created AstroFlipping and co-founded KeyGlee, a national real estate wholesaling company.Co-host of the 'Triple Digit Flip’ show.

Passionate about real estate education.

Rahima Athari

Over two decades of experience in real estate investment.

Co-founded KeyGlee, a national real estate wholesaling company. Project manager of the construction company. Co-owner of the property management company.

Dedicated to innovative affordable housing solutions.

Vladimir Rubinin

Worldwide expertise with a passion for innovation.

Owner of several international businesses with a focus on real estate.

Passionate about developing and implementing strategic growth initiatives to enhance business development.

The problem we’re solving

>7 mil
Low-income families in the United States. There is a growing difficulty for the most vulnerable populations to find adequate and affordable housing.
20%
The projected compound annual growth rate (CAGR) for the global co-living market through 2025, according to CBRE.
30%
The increase in demand for co-living solutions in major U.S. cities, as highlighted in industry reports from sources like Urban Land Institute and CBRE.

Phoenix, Arizona

Phoenix, Arizona, is a fast-growing city where the demand for affordable housing far outweighs the supply. Rising living costs have made it difficult for many residents to find affordable, high-quality housing options. By focusing on co-living developments, CoNest Investments directly addresses this issue, offering shared living spaces at a lower individual cost, while still providing modern amenities and comfort.
270,000
Housing units required to meet current demand
$1,432 + utilities
As of October 2024, the median rent in Phoenix.
In 2022, nearly 50% of renters in AZ spent more than 30% of their income on housing.
$423,400
The median sale price of a home increased by 57% from 2019 to 2023.

Our projects

Cholla
Seldon
54th Drive

We offer

At CoNest Investments, only accredited investors (criteria) are eligible to participate in our real estate investment opportunities, in accordance with SEC regulations under Rule 506(c). To ensure compliance, we offer a seamless and secure verification process through a third-party service, at no additional cost to our investors. This process helps us confirm your status as an accredited investor so you can begin investing confidently.
Series 2
$10,000
minimum investment
  • Each project is owned by a separate registered LLC.
  • Cash flow and equity gains are split 80% to investors and 20% to CoNest, prorated by investment amount.
  • In 5 years investor can voluntarily divest.
  • Investor can claim depreciation of the property based on a 80% ownership, prorated by investment amount.
Series 1
$500,000
minimum investment
  • Each project is owned by a separate registered LLC or multiple properties in one LLC for each investor.
  • 50/50 split with CoNest on cash flow and equity gains
  • In 6 months, the investor receives ~70% ($315,000) of the invested capital backthrough refinancing.
  • Investor can claim depreciation of the property based on a 50% ownership

Investment process

The company operates as a discretionary investment fund, where investors commit capital without knowing the exact property in advance. However, once a property is selected, investors are promptly notified and have three days to either accept the investment opportunity or opt out. The fund manager independently identifies and acquires properties based on a defined strategy and market expertise. This process involves thorough due diligence and careful evaluation to ensure optimal investment choices.

The company focuses on acquiring single-family homes ranging from 1,300 to 1,600 square feet, with purchase prices up to $250,000, in locations with access to public transportation and commercial zones. Once acquired, each property undergoes a comprehensive renovation, with an estimated budget of $180,000, to convert it into a co-living space with a minimum of five bedrooms and five bathrooms.

Following the renovation, the properties are leased for shared living arrangements, ensuring long-term value and sustainable returns. The rental income is then allocated to investors in proportion to their respective series, after deducting the associated costs and expenses.

Documents

Confidential private placement memorandum
February 25, 2025
Ex 1 Certificate of Formation
Ex 2 Series limited liability company agreement
Ex 3 Series Designation - Special Series 1
Ex 3 Series Designation - Standard Series 2
Ex 4 Subscription Booklet
Ex 5 Form of Lease Agreement

Investment calculator

All numbers are estimates and are based on data from current projects 2
$
Investment amount:
Typical project
Project Cost i
Purchase price i
Renovation i
Soft Costs i
Price per room i
Number of rooms i
Managment fee i
ARV i
Refinancing i
Investor's share i
Profit split
General partner i
Investors i
Monthly income i
Monthly expenses i
Carrying Costs i
DSCR loan i
Loan interest rate 7% for 30 years
Managment fee i
Total
Your annual net return
Target share i
Net return i
ROI i
Typical project
Project Cost i
Purchase price i
$
Renovation i
$
Soft Costs i
$
Price per room i
$
Number of rooms i
Managment fee i
%
ARV i
$
Refinancing i
%
Investor's share i
Profit split
General partner i
Investors i
Monthly income i
Monthly expenses i
Carrying Costs i
$
DSCR loan i
Loan interest rate
%
for years
Managment fee i
Total
Your annual net return
Target share i
Net return i
ROI i

Any questions? Contact us

+1 (928) 237-1777
info@conest.investments
15657 N Hayden Rd #1021, Scottsdale, AZ 85260
1. For any investment, we cannot guarantee a profit.
2. This calculator is for informational purposes only and provides estimated projections based on data from past projects. Results are not guaranteed and should not be considered financial, legal, or investment advice. Actual performance may vary due to market conditions or unforeseen factors. Please consult a financial advisor before making investment decisions. CoNest Investments is not responsible for any outcomes resulting from the use of this tool.
Projects Offers Calculator Information Contacts
Investor's criteria Ways to invest Q&A Documents