EP. 41 // Why Co-Living is the Next Big Trend in Real Estate Investing w/ Atticus Leblanc
Today on the show we have the founder of Padsplit: CEO and real estate investor Atticus LeBlanc. PadSplit is the country's largest coliving marketplace for affordable, workforce housing. Atticus has nearly two decades of real estate experience, as an investor and property owner, and now as the founder of PadSplit. On today’s show, David and Atticus talk about the ins and outs of coliving and how it’s the next big trend in real estate investing.
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ABOUT ATTICUS LEBLANC
Atticus is the founder and CEO of PadSplit, the country’s largest co-living marketplace that’s specifically designed for the workforce.
Atticus founded PadSplit in 2017 because he wanted to build a legacy for good in the world. He structured PadSplit as a Public Benefit Corporation with a social impact mission to help solve the affordable housing crisis, one room at a time. Through its shared housing model, PadSplit aligns incentives between property owners, cities and those who seek affordable housing, which allows residents to save more money and dramatically improve their lives. PadSplit currently offers more than 5,000 shared housing units and has housed more than 11,500 people across multiple markets in the U.S. The median income for PadSplit residents is $25,000 annually.
Before founding PadSplit, Atticus served as an affordable housing developer for more than a decade. He still serves as co-founder of Stryant Investments and Stryant Construction, which specializes in finding value in properties with unique challenges that cause them to be overlooked by larger investment firms.
A recognized thought leader on housing solutions, he has presented at MIT, UC Berkeley, and the U.S. Chamber of Commerce Foundation, as well as regularly contributing to Forbes and other publications. He has served as the chair of ULI’s UrbanPlan Education Initiative, co-chaired the Design For Affordability Task Force in 2018, and serves in multiple civic and volunteer capacities. He was named a Corporate Citizen of the Year in 2021 by the Atlanta Business Chronicle.
Atticus graduated from Yale University with a BA in Architecture, and lives in Decatur, GA with his wife, their 4 boys, 2 dogs, and lots of chickens.
