Nestidd Raises $20 Million Fund To Combat Disability Housing Crisis

On January 23, 2020, Nestidd announced the closing of its second fund—Nestidd II—on an oversubscribed basis with more than $20 million in equity commitments. The fund has over $50 million of purchasing power to acquire, update, and lease single family homes, which Nestidd leases on a long-term basis to licensed care provider organizations. According to Nestidd co-founder Andrew Parker, the organization is seeking to combat the disability housing crisis by providing housing and working with advocates and health care professionals.

Nestidd's inaugural fund, which began operations in early 2018, acquired and updated more than $13 . . .