Our next IPO, The Landing at One Chestnut, is situated in downtown Nashua, New Hampshire—a city that’s thriving because of its favorable demographic profile, tax policies, and proximity to major economic centers.
According to the 2020 Census, Nashua’s population was over 91,000, making it the second-largest city in Northern New England.1 Nashua’s growing population has been a driver of economic growth, and the markets surrounding Nashua are generally affluent. Within a five-mile radius of One Chestnut, you’ll find an estimated population of 228,985 and a median household income of $106,122.2
The Landing at One Chestnut is located adjacent to Nashua’s Main street, a vibrant business, arts, and dining district. A weekly farmers market, acclaimed professional symphony orchestra, and award-winning theaters all call downtown Nashua home.
Over the years, people who work in and around Boston have been drawn to Nashua and southern areas of the state as New Hampshire has no state income tax or state sales tax.
Nashua’s thriving community and favorable tax treatment makes One Chestnut an appealing place for industrial tenants looking to employ a committed and diverse workforce — a growing priority for employees and executives alike.
A 2022 second-quarter report from Colliers on New Hampshire’s industrial real estate market found that rents have continued to climb for the last nine quarters, with asking rents increasing by over 28%.3
One Chestnut’s Prime Location
One Chestnut is just 1.5 miles from Route 3, which runs south into the heart of Boston in less than one hour, and north to Manchester and the Manchester–Boston Regional Airport in just under 30 minutes.
Nashua’s city leaders are actively thinking about how urban planning and public investment can drive economic growth and attract the jobs and industries of the future. The city has put forward the Imagine Nashua Comprehensive Master Plan, which incorporates retail plazas, green spaces, and bike lanes to beautify and improve accessibility to the streets of downtown. These changes would bring more foot traffic to the area surrounding One Chestnut.
To capitalize on this increased traffic, planned developments in the area include a 216-unit mixed-income workforce housing development. This new housing comes in addition to existing luxury apartments at Clocktower Place, a converted mill complex that’s now one of the most visible historic landmarks in the area.
The residential population in the area is expected to densify as a result of these developments, and the demand for the self-storage space services provided by One Chestnut’s largest tenant, Extra Space Storage, may increase as well.
Interested in shares of One Chestnut? Here’s how to invest with LEX.
LEX offerings are open to all interested US investors. Investors can open an account with LEX in just minutes and there are no accreditation requirements to participate.
One Chestnut’s IPO is currently live, and investors can purchase shares of the asset through the LEX platform.
Once One Chestnut’s IPO closes, investors can trade their shares on LEX, with no lockups or required holding periods. Investors in One Chestnut receive their proportional share of distributions as paid by the owner-operators.*
New to LEX?
Create and fund your LEX account today. Once your account is created, you’ll be able to indicate your interest in One Chestnut.4 Once your account is funded, you’ll be able to participate in the IPO when it is live!
Already a member of LEX?
Indicate your interest in One Chestnut on our offering page.
Learn more about One Chestnut with our research tools here.
View our complete offering circular for One Chestnut here.
Want a more in-depth look at One Chestnut with a member of the LEX team?
For more details about investing in One Chestnut, we encourage you to reach out to our Investor Solutions team for a detailed walkthrough of the offering. Schedule a time here or reach us directly at (212) 870-8895.
1. Population data provided by Census and Bureau of Labor Statistics.
2. HHI information provided by ESRI
3. According to Colliers’ Q2 2022 New Hampshire Industrial Market Report.
4. Liquidity is not guaranteed.
This document shall not constitute an offer to sell or the solicitation of an offer to buy an interest in the Company or other offering, which may only be made at the time a qualified offeree receives the offering circular contained within the Offering Statement (the “Offering Circular”), and the subscription agreement pursuant to which a potential investor may participate in the offering by subscribing for limited liability company units of the Company (Units).
All information contained herein is qualified in its entirety by the detailed information that is contained will appear in the Offering Circular, subscription agreement, and the related offering information. The Offering Circular is available here.
Potential investors are encouraged to consult with professional tax, legal, and financial advisors before making any investment into a securities offering. This investment may not be suitable for all investors. Distributions not guaranteed. Property performance and performance of property tenants not guaranteed. Diversification does not eliminate the risk of experiencing investment loss.
All investment services are offered by LEX Markets LLC, Member FINRA/SIPC.
July 4, 2023
