Boston Omaha Asset Management
Committed Stewards of Your Capital
Boston Omaha Asset Management (BOAM) is an asset management firm. Our primary objective is to achieve long-term returns while limiting the risk of capital and purchasing power loss. We take an active approach to investing with a focus on our clients to optimize results and identify the most compelling opportunities now and anticipating what’s to comes in the future.
Boston Omaha Asset management takes a long-range approach when expending capital, while having the disciplined patience to act decisively when the appropriate opportunities emerge.
Your Dedicated Partner in Asset Management
In every one of BOAM’s funds, we are an investor alongside our investment partners and treat all capital as if it were our own.
BOAM maintains investment holdings in banking, home building, aviation infrastructure, and commercial real estate services.
*Boston Omaha Corporation’s total invested capital, including wholly owned businesses through 9/2022
Boston Omaha Build for Rent
Build for Rent: One of Real Estate’s Fastest Growing Markets
Boston Omaha Asset Management is raising a real estate investment called Boston Omaha Build For Rent: Fund 1, to invest alongside its parent company, Boston Omaha Corporation.
The purpose-built, single-family rental properties focus on providing exceptional fiber-ready smart homes with industry-leading property management in attractive U.S. markets.
The trend for home builders and investors to consider purpose-built rental communities is gaining speed as housing affordability, high interest rates, the limited supply of single-family homes and a growing millennial renter class expands.
Dream Finders Homes
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.
24th Street Asset Management
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.