Niles Xi’an Lichtenstein | Source | Co-founder and CEO at Nestment
Niles Xi’an Lichtenstein
Niles Xi’an Lichtenstein is the Co-Founder and CEO of Nestment, a platform that aims to democratize home buying through enabling co-ownership models. A serial entrepreneur and investor, Niles' interest in innovative models of home ownership began during his childhood when his single mother sub-leased rooms of their house to UC Berkeley graduate students to pay the mortgage and keep her children with a roof over their heads. After attending Harvard, Niles went on to found teams at several start-ups in the mobile technology space and B2B SaaS space. During this time, he grew passionate about helping friends and family, many of whom were first-time homeowners, purchase multi-family and vacation rentals. As Niles saw the changing demographic and economic trends for his Millennial peers, he realized new paths of home ownership had to be created and thus, Nestment was born. Nestment is proud to be funded by a community of prop-tech, blockchain, and mission-driven investors, 70% of which are investors of color.
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Nestment
Co-founder and CEO
started Oct 2021
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Gen Z Co-Buying: A New Era in Homeownership
Niles highlights a nationwide trend: “Co-buying is consistent, not occasional.” With the lowest first-time homeownership rate and highest buyer age, young buyers adapt by pooling resources. This is a structural shift, not a fad, as 59% of Gen Z expect nontraditional buying methods. Co-buying reflects market constraints and generational ingenuity, redefining ownership paths. -
Nestment CEO Discusses Modern Home Ownership Challenges
Niles explains, “As interest rates soar and property prices outpace median income, homeownership is increasingly limited to an exclusive tier of wealth.” Nestment offers solutions like co-buying to make home ownership more accessible, unlocking security and equity benefits while creating passive rental income.