Boston Omaha has sealed the deal and acquired the remaining portion of 24th Street Asset Management.

24th is a Real Estate investment company that deals in both equity investments and hard money loans. Interestingly they define themselves as Value Investors.

Despite only having been founded in 2019 the asset manager is up to $123m in AUM across its real estate portfolio.

In total the acquisition will cost an extra ~$5m and serve as an interesting new line of business for $BOC as they could now be in the somewhat dubious business of Hard Money Loans.