NextStory Capital is a dynamic investment manager specializing in urban multifamily real estate. The company focuses on acquiring and managing Class B and B+ multifamily properties, which are mid-tier apartment buildings typically located in urban areas. These properties usually have 15 to 100 bedrooms and are market-rate, meaning they are rented at prevailing market prices without requiring significant capital expenditures (CapEx) for improvements at the time of acquisition.

NextStory Capital operates primarily in major U.S. cities, starting with New York City and Boston. The company targets locations that appeal to both new residents and long-term inhabitants, ensuring a broad and stable tenant base. Their business model revolves around strategic acquisitions and operational optimization. They achieve this through a tech-enabled management platform that enhances efficiency and drives consistent Net Operating Income (NOI) premiums, which is the income generated from property operations after deducting operating expenses.

The company’s sister entity, June Homes, plays a crucial role in this strategy. June Homes offers flexible leasing options, allowing residents to choose move-in and move-out dates with a minimum 30-day term. Units can be rented either furnished or unfurnished, and residents have the option to lease individual bedrooms within multi-bedroom units. This flexibility caters to a wide range of tenant needs, from short-term stays to longer-term housing solutions.

NextStory Capital's leadership is spearheaded by Daniel Cohen, who has a robust background in real estate and private equity. Under his leadership, Sentral, another multifamily operator, grew its assets under management (AUM) from zero to $1.5 billion. This experience brings a blend of entrepreneurial spirit and institutional rigor to NextStory Capital, ensuring a disciplined yet innovative approach to real estate investment.

In summary, NextStory Capital is a forward-thinking investment manager focused on urban multifamily properties, leveraging technology and flexible leasing options to maximize returns.

Keywords: urban multifamily, Class B assets, New York City, Boston, flexible leasing, tech-enabled management, market-rate apartments, Daniel Cohen, June Homes, real estate investment.