SimpleEstate

SimpleEstate is a commercial real estate investment platform launched in May 2019. The startup was founded by Russian Nikita Kornienko, who previously worked as an investment analyst at Goldman Sachs and Elbrus Capital.

SimpleEstate allows everyone to invest in commercial real estate together with market professionals to obtain stable rental income, which, according to the company, exceeds bank deposits and bonds. The purchase of objects is carried out at the expense of many investors. SimpleEstate takes care of the search, analysis and management of objects. The service analyzes the market, looks at hundreds of options and finds the most attractive and reliable commercial property.

The investor exits through the sale of his shares on the platform without the need to sell the entire object. SimpleEstate takes a one-time commission to arrange the transaction and an annual commission to manage the facility.

History

2023: Attracting 30 million investments

In mid-December 2023, it became known about investing 30 million rubles in SimpleEstate. The commercial real estate investment platform has raised funds from Russian venture capital funds Kama Flow, Malina Ventures and AYR Capital.

Forbes Representatives of SimpleEstate told the magazine about the new financing deal. According to them, the attracted investments startup will be spent on expanding the team, further developing the platform and. marketing In addition, in 2024, the SimpleEstate team expects to collect another 20 million rubles of investments.

It became known about investing 30 million rubles in SimpleEstate

The SimpleEstate service allows a wide range of investors to invest in professionally selected commercial real estate together with market experts. The company takes over the search, analysis, structuring of the transaction, as well as further management of the object. In early December 2023, SimpleEstate bought 14 premises with a total area of ​ ​ 1028 square meters. m in the New Letovo business class residential complex under construction in Moscow, in which investors can invest. It is used by 10 thousand people, and the total cost of facilities managed by a startup is more than 1.25 billion rubles. The new facility was the seventh in SimpleEstate's portfolio.

We bought a facility still under construction to create a rental business to maximize investor returns. Ahead is the search for tenants, the conclusion of lease agreements and the preparation of objects for transfer to tenants. After opening stores, investors have the opportunity to either go out and fix speculative profitability, which, according to our forecasts, will be from 19 to 46% per annum for 1.5-2 years, or remain in this facility and continue to earn 12-16% per annum with a dividend yield of 10-12%, - said the CEO of SimpleEstate Nikita Kornienko.[1]

2022: Russian platform for investment in commercial real estate SimpleEstate raised 30 million rubles

On August 8, 2022, it became known about investing 30 million rubles in SimpleEstate. The AYR Capital fund has invested in the Russian platform for investment in commercial real estate, which received 13% of the startup as part of the deal. Thus, the estimated value of SimpleEstate at the end of the round amounted to 230 million rubles.

The SimpleEstate team intends to spend the funds raised on strategic business development and. By marketing August 2022, the platform manages four real estate objects worth more than 500 million rubles (supermarket "" in Five Orekhovo Zuevo, three office blocks in BC "Neo Geo," supermarkets "YES!" in Chekhov and "Lenta" in Novosibirsk.). According to the service, the average return on investors is 20-25%, depending on the proportion of objects.

General Director of SimpleEstate Nikita Kornienko

The platform allows a wide range of investors to invest in professionally selected commercial real estate along with market experts. SimpleEstate takes over the search, analysis, structuring of the transaction, as well as further management of the object.

We find an investment attractive object and conduct a detailed audit. Then we place it on the platform, collect applications, sign an agreement with investors, buy an object and pay dividends. We are creating a separate joint-stock company that owns the property, acting as a legal layer, - said Nikita Kornienko, General Director of SimpleEstate.

At the end of March 2022, Russians were allowed to sell real estate to citizens of "unfriendly countries." This decision was made by the government commission for monitoring the implementation of foreign investments. On March 1, 2022, President Vladimir Putin signed a decree that intended to receive permission from the commission before the deal.

Private investment fund AYR Capital, founded by Alexander Rogachev in 2014, specializes in real estate investments and debt instruments.

2020: Attracting Investment

On June 3, 2020, it became known about the attraction of 4 million rubles by SimpleEstate. As the founder of the startup Kornienko Nikita clarified to Rusbase, the funds were received during the pre-seed round for "developing an MVP platform, a legal structure with JSC and for transaction expenses for the first transactions."

A Russian who worked at Goldman Sachs raised 4 million rubles for his platform for investing in commercial real estate

Kornienko did not disclose who exactly provided the money for the development of the platform, however, according to the Kontur. Focus database, the money was received from Anton Schrader, the last mention of which in the media is found in 2014. There, Schrader appears as the managing director of Goldman Sachs . Schrader, according to the data of "Kontur. Focus," received 25% in LLC "Simpson Estate" (legal entity SimpleEstate). The remaining 75% is owned by Kornienko, Rusbase reports. ^[2]]

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