Real Estate
Eco
Affordable ADUs
Dweller. The affordable, no hassle accessory dwelling unit
Portland,
OR
Investment type:
Equity
(Preferred Stock)
Target raise:
$115,000
- $874,000
Minimum investment:
$1,000
$1,000
End date:
Jun 20, 2021
Jun 20, 2021
ended
Highlights
Scalability. Dweller ADU production have the potential to scale quickly.
Affordable. A Dweller ADU costs approximately 50% of a new affordable housing unit in Portland.
Use by right. Easy to implement. Each Dweller ADU is designed to fit existing ADU codes.
Impact. ADUs have the potential to help fill the housing gap.
Financing solution. Dweller ADUs provide financing to homeowners who want to add an ADU.
Livable. In the backyards of homes in stable neighborhoods with plenty of amenities.
Immediate distributions. Current portfolio includes nine occupied and cash-flowing ADUs.
Dweller builds and installs prefab accessory dwelling units ("ADUs") in a low cost, efficient manner to allow as many homeowners as possible to benefit from this source of extra income and desperately needed housing.
Our Story
Dweller was founded in 2017 to revolutionize how accessory dwelling units (ADUs) are developed and financed, and has developed more ADUs under residential ground leases than any other company in the U.S. Dweller's innovative model for broadening access to ADUs has been recognized nationally, and as a result, Dweller was selected in 2019 by the Terner Center at UC Berkeley to participate in the first cohort of Housing Lab, the Centers housing innovation accelerator. Dweller is managed by the team of Patrick Quinton and Brian Lynott, two seasoned executives with a unique combination of complementary skills. Dweller CEO Patrick Quinton served for over five years as the Executive Director of the Portland Development Commission (PDC), the economic development and urban renewal agency for Portland OR. In this role, Patrick managed a staff of over 100 employees and an annual budget of $150 million. Prior to his tenure at PDC, Patrick served in leadership roles in both the commercial finance and community banking industries. Dweller plans to develop their next eight ADUs in Portland, Oregon over a 12-month period.