Asset Management

Defining the Future of New Home Construction

Dream Finders Homes (DFH) designs, builds and sells single-family homes in the high-growth markets of Florida, Texas, North Carolina, South Carolina, Georgia, Colorado and the Washington, DC metropolitan area, including Northern Virginia and Maryland. DFH offers homes in nearly 150 unique communities, with over 5,000 homes closed to date. 

Capital invested by Boston Omaha Corporation in 2017 was $10MM, with a Realized and Unrealized Gain of $80MM through 2/28/22.

Aviation’s Innovative Home-Basing Private Hangar Solution 

Sky Harbour is an aviation infrastructure company developing the first nationwide network of Home-Basing Solutions for business aircraft. The company develops, leases and manages general aviation hangars across the United States, targeting airfields in the largest growth markets with significant aircraft populations and high hangar demand. 

Sky Harbour’s Home-Basing Solution provides private and corporate clientele with the best physical infrastructure in business aviation, coupled with concierge-level service tailored to based aircraft, offering the shortest time to wheels-up in business aviation.

In 2022, Boston Omaha Corporation invested $100MM in capital, with an Unrealized Gain of $50MM through 2/28/22.

Elevating and Automating Property Care, Operations and Messaging

Breezeway’s property care and operations management platform helps coordinate, communicate and verify detailed work, and delivers the best service experience to clients. The tools empower owners to automate operations and deliver an amazing rental experience. Breezeway is available worldwide and is currently used in over 15 countries.

Breezeway provides property operations software, as a preferred partner, for Boston Omaha Build For Rent smart homes. In 2016, Boston Omaha Corporation invested $100k in capital. The valuation at last capital raise was $234k.

20+ Years in the Auto Financing and Banking Industry

Crescent Bank provides auto loans across 32 states, as well as commercial and personal banking services to clients in the Greater New Orleans and southeastern Louisiana areas. 

Crescent Bank was acquired by Boston Omaha Corporation in 2018. Capital invested was $19MM with a cumulative share of pre-tax income of $9.7MM through 12/31/21.

Leading the Real Estate Investment Field

24th Street Asset Management is a private commercial real estate investment firm that makes hard money loans and direct investments (debt and equity). 24th Street values investors who seek opportunities where its capital can earn outsized returns, relative to the risk. Over the last five years, the team acquired 21 assets and placed $76 million of equity into the marketplace.

In terms of hard money lending, 24th Street focuses on asset-based lending, and it lends from pre-raised capital. The company’s underwriting and execution speed creates a unique advantage for its borrowers.

24th Street Asset Management was acquired by Boston Omaha Corporation in 2018. As of May 1st, 2023, Boston Omaha Asset Management, LLC (“BOAM”), a wholly-owned subsidiary of Boston Omaha Corporation (NYSE:BOC) (“BOC” or the “Company”) increased ownership interest in 24th Street Asset Management, LLC from 48% to 100%. Prior to the acquisition, BOAM owned a 48% beneficial interest in 24th Street. As of December 31, 2022, 24th Street has approximately $123 million of assets under management, inclusive of two closed-end funds and multiple joint ventures.

Reshaping the Commercial Real Estate Landscape

LOGIC Commercial Real Estate is a full-service firm specializing in brokerage, property management, property tax appeal services, capital markets, tenant representation and receivership services. 

The firm’s real estate professionals merge years of experience in the commercial property market with the latest in sales and leasing marketing strategies. Their deep understanding of local economic trends and firsthand knowledge of the submarkets allows the team to satisfy real estate needs across primary commercial sectors including office, industrial, retail, medical and land.

LOGIC Commercial Real Estate was acquired by Boston Omaha Corporation in 2016. Capital invested was $360k, with a cumulative share of Logic pre-tax income of $1.8MM (495% cumulative net return on initial capital invested) through 12/31/21.