Atlantic Trading Systems
Housing Infrastructure.
Two ways to win.
The Asset vs. The Engine.
A dual-track opportunity for passive capital and venture scale.
Column A: The Pilot
8%
Liquid Yield
Participate in the first institutional-grade yield strip deal.
Column B: The Venture
100x
Scale Potential
Invest in the operating company building the financial rails.
The Macro Thesis
The capital stack is broken.
The Developer Problem
Post-SVB, regional banks have retreated. Developers with shovel-ready projects are stalled because construction financing has evaporated.
Status Quo
LTC: 60%
Equity Gap: 40%
Speed: 12 months to close
The Pension Problem
$5T in pension capital needs 7%+ returns but can't stomach 10-year lockups. They are buying T-Bills and watching their future liabilities compound.
Status Quo
Yield: 4.5% (Treasuries)
Real Estate: Illiquid (7+ years)
Access: Gated
ATS solves both by forward-purchasing NOI at cost.
Choose Your Path
Two distinct opportunities.
Column A: The Deal
Direct investment into the Pilot Asset. Backed by hard real estate. Generates immediate cash flow. Low risk, moderate return.
- Instrument Yield Strip (LP Equity)
- Asset 300-Unit Multifamily
- Risk Real Estate Risk
- Return Target 8% Cash + 15% IRR
Column B: The Venture
Investment into Atlantic Trading Systems, Inc. The technology and legal infrastructure enabling the transactions. High risk, massive multiple.
- Instrument SAFE / Preferred Equity
- Asset IP, Legal Rails, Contracts
- Risk Execution/Venture Risk
- Return Target 100x Venture Multiple
Column A // The Pilot Asset
Project Alpha.
A concrete asset. Forward-purchased at construction cost.
Deal Metrics
8.0%
Day 1 Yield
24%
Instant Equity Buffer
The Economics
- Acquisition Price (Cost) $30.0M
- Market Value (Day 1) $37.1M
- NOI (Stabilized) $1.85M
- Churn 0% (Perpetual)
Why it works
We buy at developer cost, not retail value.
This creates a massive margin of safety.
Investors get yield; Developers get 100% LTC.
Column A // Return Profile
Deconstructing the 8%.
Total Return = Net Cash Flow + Asset Growth.
5%
Net Cash Flow
Gross Yield 6.2%
(-) 20% Fee -1.2%
Net Yield 5.0%
+
3%
Appreciation
Rent Growth 3.0%
Inflation 3.0%
NAV Growth 3.0%
=
8%
Total Return
Perpetual Yield Strip.
Liquid Quarterly.
Inflation Protected.
Column B // The Operating Company
The Toll Booth.
We tax the flow of capital into housing infrastructure.
Revenue Model
- Origination Fee 1.5%
- Platform Fee 20% of NOI
- Exit/Transfer Fee 1% of NAV
Unit Economics
Per $30M Deal
Upfront: $450,000
Recurring: $278,000/yr
Duration: Forever
Scale (Year 5)
$110M
Annual Recurring Revenue
Assumes just 1% market penetration of US multifamily starts.
Column B // The Perpetual Mechanism
The Treasury.
How we capture the spread and guarantee the asset.
The Wholesale Capture
We buy at Cost ($30M). The market values at Retail ($37M). This creates a $7M spread (The "Embedded Equity").
This equity isn't just theoretical. It is captured by the Platform's Treasury as retained Yield Strip units or fee streams.
- Captured Spread ~$7.0M per deal
- Income Generated ~$350k / year
- Held By ATS Corp Treasury
Strategic Function
1. Balance Sheet Growth
Every deal adds ~$7M in assets to ATS Corp, creating a fortress balance sheet for the Venture.
2. The "Forever" Guarantee
Treasury units can be sold to fund CapEx (new roofs, HVAC). This ensures the building never decays and investors never face capital calls.
3. Alignment
We don't just take fees. We hold the first-loss equity.
The Flywheel
How A drives B.
The Pilot (Col A) is the proof of concept that unlocks the Platform (Col B).
You cannot build the Amazon of Housing without selling the first book.
"We need $5M to build the rails and close Deal #1. Once Deal #1 prints 8%, the queue of institutional capital forms automatically."
Sequence of Events
1. Seed Funding
Builds Rails
2. Pilot Deal
Proves Yield
3. Data Result
Audit & Ratings
4. Inst. Launch
Scale to $1B+
Comparative Analysis
Pick your profile.
Asset Class
Real Estate (Hard Asset)
FinTech (Operating Co)
Primary Risk
Occupancy / Market Rent
Adoption / Execution
Liquidity
Quarterly (Target)
7-10 Year Exit / IPO
Target Multiplier
1.5x - 2.0x
50x - 100x
Yield
8% Current Pay
0% (Reinvested)
Security
1st Lien / Title
SAFE / Preferred
Execution
The Architects.
Elliott Dehnbostel
CEO / Managing Partner
Background in infrastructure R&D. Previously at Meta. Specialized in exchange mechanisms and distributed systems.
[Post-Seed Hire]
Head of Capital Markets
Targeting senior talent from institutional LP (Pension/Insurance) or RE securities desk to manage the anchor relationship.
Target Counsel & Advisors
Latham & Watkins (Securities) · Sidley Austin (Real Estate) · Big 4 (Tax Structuring)
The Ask
Join the cap table.
Column A
$30M - $50M
LP Equity Capital
- Use Acquire Pilot Asset
- Terms Standard LP/GP
- Hurdle 8% Pref
Ideal for: Family Offices, HNWIs seeking tax-efficient yield.
Column B
$5M
Seed Round
- Use Legal Rails, Team, Ops
- Terms SAFE (Post-Money)
- Timeline 18 mo runway
Ideal for: Venture Capital, Strategic Angels seeking multiples.
Atlantic Trading Systems
Boring. Scalable. Infinite.
Whether you want the yield or the platform, we are building the future of housing finance.
Contact
Elliott Dehnbostel
DISCLAIMER: This presentation is for informational purposes only. It is not an offer to sell or a solicitation of an offer to buy any securities. Column A and Column B represent distinct legal entities and investment structures.