INVEST IN BLOKABLE TODAY!
There is a massive housing shortfall in the U.S., and demand continues to outpace supply. In California alone, there are an estimated 3.5 million new housing units needed by 2025.* With such enormous demand, the opportunity for Blokable to develop multifamily housing at scale is almost limitless.
With its state-of-the-art building system that is engineered for manufacturing, Blokable’s multifamily housing is superior in quality but much lower in cost and time to build than traditional development.
Blokable is entering into a lease for a large-scale manufacturing facility in Northern California that it expects to make operational in late 2023.
*Market information provided by McKinsey (source)
The PITCH
Blokable is a developer of multifamily real estate – widely considered to be the asset class with the strongest and most attractive fundamentals (source)– using a proprietary modular building system with cutting-edge technology and engineering that can build cheaper, faster, and better. And with Blokable’s highly innovative, vertically integrated business model, the company and its investors have the potential to capture the considerable value created by real estate development.
*The above graphic is a computer-generated rendering of a representative real estate project that can be built with Blokable's building system.
Modular Development™ by Blokable is designed to maximize the efficiencies and value of technology, process, and business model innovation.
*The above video contains graphics that are computer-generated renderings of a representative real estate project that can be built with Blokable's building system.
*The above graphic is a computer-generated rendering of a representative real estate project that can be built with Blokable's building system.
Upon conversion to Blokable equity, your investment enables you to participate directly in the company’s ownership of the numerous real estate projects it develops, giving you the opportunity to be part of the tremendous value creation that is possible from successful real estate development. To date, Blokable has raised over $30M from a world-class group of investors, including Cercano Management (Microsoft co-founder Paul Allen’s venture capital group), Kapor Capital, Jason Calacanis, Marc Benioff (co-founder and CEO of Salesforce), Building Ventures, Revolution Ventures, Third Sphere, Climate Capital, and others.
*The above graphic is a computer-generated rendering of a representative real estate project that can be built with Blokable's building system.
The problem & our solution
We believe there’s a simple reason that real estate development has a bad reputation: development is designed to capture and keep wealth for the very few. It’s an inefficient, disorganized, and messy process that suffers from skyrocketing construction costs and a shrinking labor force.
The costs and inefficiencies of traditional real estate development are the fundamental reason for today’s housing crisis (source). Supply is simply incapable of meeting demand, and the shortage and lack of affordability of housing have only been getting worse over time. Innovation and disruption in construction will not bring meaningful change; we must disrupt development itself (source).
Modular Development™ by Blokable is an end-to-end solution that offers a better way forward. It’s one model that addresses the root problems for both market-rate and affordable housing. It’s a wealth creation movement that gives you access to the tremendous upside potential that real estate development offers on an unprecedented scale.
It uses vertical integration and manufacturing and technological advances to compress development costs and time, reduce risks, eliminate the unknowns, and create order from chaos.
It creates higher-quality, environmentally sustainable buildings while achieving efficiencies and scale that the industry has never known.
It revolutionizes development to fix the housing crisis and create wealth for investors, residents, and communities who support and embrace a better way of life.
The Market & Our Traction
Multifamily real estate is a massive industry that is widely considered to have the strongest market fundamentals and long-term outlook. As a result, enormous amounts of capital continue to pour into this asset class. In 2022, multifamily investment volume was reported to be approximately $279 Billion, with multifamily loan originations in 2022 reported to be $459 Billion – these amounts represent by far the largest shares of investment and lending, respectively, of any commercial real estate asset class (source).
Since 2016, Blokable has invested over $30M in building system and manufacturing engineering, regulatory approvals, software systems integration, and prototyping to create a building system that can be manufactured for development of 5-story-over-podium multifamily housing in the State of California, which has the strictest building code requirements in the country. This building system has unparalleled sophistication and flexibility, with the ability to create virtually limitless floor plans and unit types as well as the apartment features that renters expect – including open floor plans, 9-foot ceilings, floor-to-ceiling windows, and expansive balconies. The system also supports highly varied building architecture and aesthetics that can fit into any neighborhood. Whether it is luxury, workforce, or affordable housing, Blokable is designed to be able to meet any market.
*The above video contains graphics that are computer-generated renderings of a representative real estate project that can be built with Blokable's building system.