Professional investors

Who we are

OPISAS is a privately-owned wholese organization that focuses on the acquiring, repositioning and disposing of real estate assets in markets throughout the USA. Since 2008, we have focused on affordable residential properties in corridor districts with growing employment and demographic trends, resulting in ample rental demand.

The expertise accumulated over the years with retail investors, along with our strong network, now allows to present ourselves as a real estate boutique investment firm for all types of professional investors interested in diversify their portfolios.

Distinctive features:

Asset class, economy, currency diversification
Full control of invested capital
Constant and continuous yield flows from day one plus capital gain
Predetermined exit-strategy
Maximum liquidity
Complete and professional management through a unique point of reference
Tailor-made investment solutions

Active in the market since 2008, with 18 offices across 3 continents

Over 4.300 properties transacted

Over 3.200 sales partners worldwide

Over 20 strategic alliances, including NAR (USA)

35 companies acting as the asset manager

Business model

OPISAS identifies target acquisitions, repositions the asset with a value-add program through the investment of its own capital, stabilizes the asset by finding and screening for quality tenants, and finally disposes of the asset through its network of US and International buyers.

Competitive advantages:

Strategic US alliances for first-look and off-market acquisition.
Extensive on site professional network together with a conscious use of technological tools to rigorously select each asset.
Strategic relationships with national sub-contractors and property managers for economies of scale.
In-house day-to-day property and investment supervision for continuouse yield flows.
Diversified network of both US and international buyers acting as a pipeline for different exit strategies.

Analysis

Location and Asset Selection

Acquisition

Direct and in Full Equity

Enhancement

Renovation post Due Diligence

Income Generation

Complete Management, Selection and Placement of Tenants

Monitoring

Periodical NAV Calculations and Regular Rental Market Analysis to Optimize Returns

Exit Strategy

To US First Home Buyers To our network of International Investors

Company structure

Through the establishment of a holding structure with its consolidated financial-statement, we have stabilized the various operational structures developed over the years. Our objective was to make the corporate structure more efficient and homogeneous both from an accounting and a governance point of view. This was acheived by clarifying the control relationships while preserving the operational independence.

OPISAS HOLDING INC

OPISAS ASSETS LLC

Entity in charge of the complete management and oversight of the real estate buying and selling process. Its responsibilities include identifying real estate opportunities, negotiating and acquiring properties, handling all transactions, and taking care of the legal and administrative details necessary to ensure an efficient and smooth buying or selling process.

OPISAS LLC

Entity responsible for establishing and maintaining relationships with our customers, as well as overseeing all after-sales services we provide directly or through third parties. Its key role is to ensure maximum customer satisfaction by providing professional service and ongoing support that goes beyond just buying and selling, helping to build long-term trusting relationships.

Management

OPISAS was born from the vision and total dedication of its Founder, Christian Calusa. Over the years, he has built a skilled team of professionals with a proven track record, making the Founder’s original vision scalable and efficient.

The management expertise:

CHRISTIAN CALUSA

Founder & CEO

Since 2000 in the international real estate field

SIMONE CENCI

CFO & COO

Since 2011 financial officer in international companies

CHIARA CAROFIGLIO

CBDO

Since 2012 working on OPISAS business development

Global presence

OPISAS has investors from over 28 countries and more than 3.200 sales partners worldwide. We also have strategic alliances with over 20 institutions, providing us with a strong international network that makes our exit strategy options effective. The strong network of professionals in all the locations we operate in the US allows us to directly improve our investment assets through careful selection and enhencement.

Our main offices:

Orlando, FL, USA - Head Office
Bogotà, Colombia - Local Headquarter
Medellin, Colombia - Local Headquarter
Mexico City, Mexico - Local Headquarter
Koper, Slovenija - Local Headquarter
São Paulo, Brazil - Opisas Representative
Italy, EU - Opisas Representative
Budapest, Hungary, EU - Opisas Representative

Investment strategy

Our strategy focuses on acquiring assets in locations that have interesting value added potential. We identify growing markets with solid fundamentals where employment growth drives demand for rental properties. Locations close to highly populated and already developed centres whose markets may be saturated. We are able to identify these sub-markets through our widespread presence and a conscious use of proprietary technology based on the constant analysis of market data. In this way we are able to offer our investors high returns with proper risk management, also improving the communities in which we operate.

An active investment strategy.

Investment strategy	Core	Core plus	Value-Add
Capital improvements	•Limited CapEx •Maintenance-oriented	•Modest CapEx •Enhanced maintenance	•Defined program for asset enhancement
Occupancy	•High occupancy	•> 90% •Low lease risk	•> 85% •Modest lease risk
Focus	•Rental yield-oriented •Average, stable and continuous rental yields with a modest upside over time •Capital gain opportunities	•Rental yield-oriented •High, stable and continuous rental yields with a modest upside over time •Capital gain opportunities	•Appreciation-oriented •Significant rental yield upside post-valorisation •Significant capital gain opportunities
Exit Strategy	•Buy&Hold •Short-medium term; 3 – 5 years	•Buy&Hold •Medium-long term; up to 10 years	•Buy&Enhance&Hold •Medium term; 5 years

Investment solutions

OPISAS, through its professional network, offers specific solutions for investing in US affordable residential real estate market:

SPVs whereby investors becomes actual owners of specific US companies which hold the real estate assets
Turn key white-label products such as notes, certificates and dedicated funds
Managed accounts

OPISAS and its network provides a complete asset management service through one point of reference:

Planning

Property management

Exit strategy

Investor

Holding

US SPV

US Assets

Market analysis

The affordable residential market in the US is characterized by a generally limited inventory compared to demand.

The American population, in fact, has been steadily increasing since the 60s. The inventory, however, after the 2008 crisis has not returned to pre-crisis levels. This has an effect on real estate values and rental trends.

Moreover, traditional American labor mobility coupled with affordability drives a large portion of the American population to live on rent.

For these reasons the US residential rental offers:

Capital gain opportunities over time
High and stable rental yields
Maximum liquidity
Poor correlation to economic trends
Inverse correlation to negative financial trends
Hedge against equity volatility

Growing population

constantly from ‘60

Limited inventory

from pre-2008 crisis highs

Rent affordability

in 58% of the States to rent is cheaper than to buy

Transparency and efficiency

of legal/economic system
View more

Hedge

against equity volatility

Benchmark investment

Our investment portfolio consists of nine affordable residential properties that are currently rented out, with a total investment value of $1.028.300. We have a five-year exit strategy for this diversified portfoilio.

Equity	$ 1.028.300	103,19%	on inv. cap.
Invested Capital	$ 996.500	96,91%	on equity
Purchase Costs	$ 31.800	3,09%	on equity
CapEx	$ 92.377	8,98%	on equity
Exit Value	$ 1.312.476	131,71%	on equity
Yrs of Ownership	5

		on equity
Net Rental Yield	$ 297.750	28,96%
Net Capital Gain	$ 172.616	16,79%

NOI	$ 470.366
ROI	45,74%	9,15%	avg p/a
Final Cash Flow	$ 1.498.666	145,74%

NPV	$ 281.050
Discount Rate	3,63%	US Treasury 5Y	18/12/2022
NPV	$ 136.432
Discount Rate	7,10%	US inflation rate	30/11/2022
IRR	11,26%
Equity Multiple	1,46
Cap Rate	7,17%	avg p/a

Drivers of diversification:

Investment strategy:

Benchmark KPIs:

Avg rent of primary residence index in the portfolio locations 2015-2020 (US Bureau of Labor Statistics, retrived from FRED)
Avg house price index in the portfolio locations 2015-2020 (US Federal Housing Agency, retrived from FRED)
Avg rental vacancy rate in the portfolio locations 2015-2020 (US Census Bureau, retrived from FRED)

OPISAS HOLDING INC.

Head Office

217 N. Westmonte Dr Ste 2018
Altamonte Springs
Florida 32714 USA

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