COMPETITIVE ADVANTAGE
This Las Nereidas opportunity has advantages in its sponsor's deep in-market development experience, discounted development costs, downside protection, and PR/marketing expertise.
las nereidas Development JV:
THREE KEY ADVANTAGES
This investment opportunity is defined by the emerging branded stays category and the strength of the Todos Santos market & its growth trajectory. The Las Nereidas concept and the sponsor's specific approach have created three distinct advantages when compared to other opportunities, even those in the same category of hospitality.
Executing on construction at a +50% discount to comp asset value
Unique, hybrid design concept creates robust exit optionality
Matinecock is prepared to execute proven PR & social strategies
Developing at a Steep Discount to Asset Value
With an average all-in development cost of ~$240 per square foot, Matinecock’s first Las Nereidas proerties are set to complete development at a considerable discount to comparable properties.
$240/sf
$500/sf
sales comp values
Built real estate values in Todos Santos average ~$500 per SF on comparable quality properties, with some as high as high as $900+ per square foot.
Target exit strategy
Our target exit strategy is to roll this JV into a larger successor vehicle in 24-36 months, and eventually exit the entire future portfolio to an institutional buyer.
Go public in a fibra (mexican reit)
downside PROTECTION
Our properties are purpose-built rentals able to quickly convert to single-family rentals (SFR) or single-family homes for-sale, protecting against market downturns with multiple exit strategies.
pr strategy overview
Prominent design and culture publications, including Architectural Digest, Dezeen, Wallpaper, NYT, and Forbes frequently feature unique branded rentals. This coverage has been proven to drive occupancies and rates at these properties.
To further amplify the Las Nereidas brand, we have partnered with one of the top PR agencies in this category, leveraging their expertise to enhance visibility and recognition in the market.
influencer partners
We will be working closely with strategically selected influencer partners to create content and grow awareness for Las Nereidas.