PARTNER WITH GOOD PEOPLE

Neighbourgood is a specialised community-centric, tech-enabled hospitality, multifamily and co-living operator that drives significant NOI premiums of between 15-25% through the implementation of our model. On average, our property values increase by 30% as fully converted Neighbourgood locations.

At Neighbourgood, we design, develop and manage multifamily, hospitality and mixed-use spaces in both lifestyle and gateway cities that people want to live in   

We deliver exceptional performance to our property partners through smart design and community-centric, tech-enabled operations. Property is a platform for innovation. Done well, a building is more than just four walls. It’s a place that can inspire, motivate and drive people, promoting happiness, learning and greater productivity. 

REDWOOD CITY, SAN FRANCISCO, CALIFORNIA

CASE STUDY: NEIGHBOURGOOD HARRISON

< 50%

Occupancy (COLIVING)

$1,350

AVERAGE rent per room

$1,891,500

VALUE PRE-PIVOT TO NEIGHBOURGOOD

$1,962,062

ADU COST

$3,853,562

total COST

$128,552

NOI

95%

Occupancy (COLIVING)
AVERAGE rent per room

$5,241,600

VALUE Post-PIVOT TO NEIGHBOURGOOD

$1,388,038

NAV created

$262,080

NOI

$1,800

36%

nav as a %

GREEN POINT, CAPE TOWN

CASE STUDY: NEIGHBOURGOOD HILL

< 55%

Occupancy (hotel)

R720

daily rate

R18,5M

VALUE PRE-PIVOT TO NEIGHBOURGOOD

R1,7M

NOI

70%

Occupancy
(hotel)
daily rate

R31M

VALUE Post-PIVOT
NOI

R1,000

R3M

R6,5M

NAV GAIN AFTER 6M RENOVATION

25,6% 

ROI

MORE THAN JUST A MANAGER

TECH-ENABLED WITH THE NEIGHBOURGOOD EXPERIENCES APP

Our app for members and guests to connect with the greater Neighbourgood community. Attend an event, book a stay or get local knowledge on the best things to do during your stay.

BEST IN CLASS MANAGEMENT TOOLS

Properties are listed on multiple short term and long term booking platforms, as well as through our own direct booking site. These are all connected to our property management system to ensure availability is live and up to date.

ADDED PARTNER BENEFITS

NEIGHBOURGOOD CITYWIDE PASSPORT

The guests and tenants get access to other locations and workspaces, increasing the value proposition for your property increasing rentability and improving revenue.

DISCOUNTED STAYS AT OUR PROPERTIES

We offer our partners discounts of up to 50% on short stays and up to 30% on long stays.

FREE WORK CLUB MEMBERSHIP

Partners get access to our citywide Work Club membership, valued at approximately R12k per year.

FOOD & BEVERAGE

Our partners get access to discounted meals and beverages at our cafes.

OUR PROCESS

Please note that a typical timeline takes approximately 9 weeks, assuming no renovation is required.

STEP 1

Insert your contact details and property address in our partner enquiry form below, and schedule a call with us.

STEP 4

Finalise the budget and renovation costs, and sign the management agreement.

STEP 2

We will send you an income and expense budget, including estimated furnishing costs. If a renovation is required, this will be done following the next step.

STEP 5

Insert your contact details and property Onboarding of your property: photography, creation of listings, loading onto direct website and booking portals.

STEP 3

We will set up and conduct a property site inspection.

STEP 6

Welcome our first guests and tenants.

FREQUENTLY ASKED QUESTIONS

  • Neighbourgood operates in 3 cities.  San Francisco, New York and Cape Town.  

  • 1.  Management Agreements (lowest cost). 

    2 Revenue Share Agreements (Medium Cost) or

    3. Fixed Lease Agreement (highest cost and lowest risk).  

  • We target small class B multi family of between 10-75 units in pedestrianised walkable neighbourhoods.

  • Full access to all Neighbourgood workspaces across the city. Free events and activities (city wide). Flexible stays. A community of thousands of people across the city. Fully furnished move in ready rooms and apartments.

READY TO TAKE YOUR FIRST STEP?

BOOK A CALL

Get in touch with one of our experts to guide you through our onboarding process and ask any important questions by booking a call with our team here.

DON’T HAVE A PROPERTY BUT INTERESTED IN BUYING OR INVESTING IN YOUR OWN NEIGHBOURGOOD PROPERTY?

Browse our latest properties available for purchase by clicking here.

FRACTIONAL PROPERTY INVESTMENT MORE YOUR THING? JOIN OUR EXISTING INVESTORS AND INVEST ALONGSIDE THEM

Check out our Co-ownership Investment offering here.

GET IN TOUCH

We’re always interested in new opportunities.

Fill out this form to learn more about partnering with Neighbourgood on development and management opportunities.