Caviar Living Ltd
Student Housing Lease Investment
Overview
This opportunity provides investors access to a structured real estate operating model designed to generate strong rental income and long-term asset value through a lease-to-operate strategy.
The opportunity is supported by the full capabilities of Caviar Living Ltd, responsible for sourcing, structuring, furnishing, operating, and managing the property throughout the investment period. This integrated approach combines market research, local expertise, and hands-on asset management to maximize occupancy and operational efficiency.
This opportunity provides investors with exposure to income-generating student accommodation through a lease financing structure. Rather than acquiring the property, investor funds are used to secure a long-term lease, furnish the asset, optimize operations, and manage the property for rental income.
5yrs
Targeted Hold Period
27%
IRR
1.85x
Equity Multiple
₦30M
Investment Size
Quarterly
Distribution
85%
ROI
Strategy
Caviar Living will secure a long-term master lease on the asset and transform the property into a fully furnished, professionally operated income-generating accommodation.
Core approach
Execute a 5-year master lease on the property
Distribute operating profits to investors
Investment Size
Target Raise:
₦30,000,000
The capital raised will be deployed into:
Upfront lease payment (2 years prepaid rent)
Full furnishing & interior fit-out
Branding & positioning of the property
Operating reserves and working capital
Marketing and launch costs
This capital positions the property to begin operations immediately after setup.
Investment Structure
The project uses a Sponsor–Investor structure led by Caviar Living, which sources and structures the deal, secures the master lease, furnishes and positions the property, and manages day-to-day operations to drive profitability. Caviar Living earns a 15% ongoing asset and operations management fee for running the property, and a 10% sponsor promote paid after management fees throughout the life of the investment for sourcing, structuring, and overseeing the deal.