How long has Pando been operating?

Pando launched formally in 2025 with its first acquisitions in Lee County, Iowa. Marc Kennedy has operated businesses out of Salt Lake City for years; Pando is the Midwest-focused venture that came out of running the numbers on wholesale acquisition discounts and rental yield and watching the Mississippi river towns keep winning.

What's Marc's background?

Operator background out of Salt Lake City. Pando is math-first: Marc ran the buy-box numbers and the Midwest river-town markets kept coming out on top. The discipline layer — buy-box criteria, direct-to-investor transfers, no pooled fund, no surprises at year three — is what he brings from Utah. The on-the-ground knowledge (agents, contractors, property managers) is local to each market we work in.

Pando operates as a wholesaler under Iowa's HF 2374 disclosure framework, which does not require a real-estate broker license for the assignment model we run. The agents who source for us hold their licenses; Pando the entity acquires equitable interests and assigns them. Full legal structure is on the Disclosures page.

Why 15:1 and not 10:1 or 20:1?

The ratio matches the economics: a simple home delivered through a community partner in Central America costs around $15K, which maps to roughly $1,000 from each of 15 closed Pando transfers. Lower ratios (10:1) would squeeze the transfer economics; higher ratios (20:1) would make the commitment feel distant. 15:1 is the number that works both ways.

Construction costs are legible, the need is real, and there's existing community-partner infrastructure that delivers simple, durable homes to families. Belize was the first project area; Costa Rica is next — and the builds are close enough that volunteer crews (and investors who want to come along) can actually get there and swing a hammer.

How can I reach you directly?

Email Marc at marc@ownpando.com or book a Discovery Call. Both paths reach Marc directly for investor inquiries. Compliance and press inquiries also route to that same inbox — there's no form gate between you and the operator.

About Pando

Salt Lake operator. Midwest venture. One discipline.

Q: Do you hire locally?

Yes — it's structural, not a preference. Renovation crews are local teams in each market Pando works in. Agents sourcing opportunities are people who know those streets. Property managers handling day-to-day are based in the city where the property sits. Centralizing that network from Utah wouldn't work, and we don't try to. What we centralize is the buy-box and the investor-facing discipline.

Pando is a small, focused wholesale real estate operator — run from Salt Lake City, with acquisitions, crews, and property management local to each Midwest river-town market we work in. Direct correspondence. Buy-box on every deal. Plus the 15:1 Impact Initiative — one Central American home built for every 15 closed deals.

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Founder note

Why I started Pando.

I've operated businesses out of Salt Lake City for years. Pando wasn't supposed to start in the Midwest. It started with a spreadsheet.

When I ran the numbers on wholesale real estate — acquisition discount, rental yield, tenant stability, rehab economics — the Midwest river towns kept winning. Not because I had a sentimental attachment to them, but because the math kept saying so. Keokuk. Fort Madison. Burlington. Quincy. Hannibal. These aren't hot markets. That's the point. Hot markets price out the discipline.

So I went where the math pointed, and I built a system around what working there actually requires. The agents sourcing opportunities are people who know those streets. The contractors doing the rehabs are local crews who've worked those houses their whole careers. The property managers handling day-to-day are based in the cities where the properties are. None of that works remote. None of that works centralized.

What I bring from Utah is the buy-box discipline and the operator's view — every deal runs the same eleven criteria before an investor ever sees it. What makes it work on the ground is the network we've assembled in each market. Those two halves don't replace each other. They fit together.

The 15:1 Belize commitment came from the same instinct. Transfer economics should tie to an outcome a family can walk into. We haven't built the first home yet. That's the point: it's forward-looking, and every closed deal moves the number.

If we're a fit for what you're looking for, I want to hear from you. If we're not, I'll tell you fast.

marc@ownpando.com

The Team

Small on purpose.

Four founders. Each owns one slice of the operation — acquisitions discipline, communications, deal math, and property-management infrastructure — and the four halves fit together. Not a company with layers.

Founder, Pando Midwest Investments

Marc

Marc operates Pando's discipline layer from Salt Lake City — buy-box, diligence, investor correspondence. He brings construction acumen from years of running projects on the ground, owner-operator experience from several businesses, and the perspective of an active real estate investor who's evaluated more deals than most full-time analysts. The ground network — agents, contractors, property managers — is local to each market. Marc runs the system that ties those markets together.

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Co-Founder, Pando Midwest Investments

Tomi

Tomi leads communications and PR for Pando, which in practice means she's the person making sure investors, agents, sellers, and partners hear from us with clarity instead of noise. Co-founder in every sense of the word — she's in the room for every decision Marc thinks he's making alone, and the messaging discipline you see across Pando's surfaces is hers.

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Co-Founder, Pando Midwest Investments

John

John brings banking and finance acumen plus the deal analytics layer that turns property submissions into investment-grade evaluations. If Marc runs the discipline and the markets, John runs the math — capital structure, returns modeling, risk assessment, and the quiet work of making sure every deal that lands in front of investors has been properly stress-tested.

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Co-Founder, Pando Midwest Investments

Chari

Chari builds the systems that make Pando's property management work — both the technology stack and the operational playbooks. Tenant onboarding workflows, maintenance ticketing, owner reporting cadences, the software that ties it all together: she designs and builds them. Most operators bolt on PM tools and hope they integrate. Chari builds the infrastructure that lets Pando scale across markets without losing the per-property discipline that protects investor returns.

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Where we work

Midwest river towns. Math-first market selection.

Keokuk, Fort Madison, Burlington, Quincy, Hannibal — 19th- century river towns with intact working-class housing stock and stable tenant bases. Houses built for working families generations ago still work for working families today. Distressed inventory trades below replacement cost; the population base is stable enough that a long-term tenant can plan around it.

These aren't hot markets. That's the point. Hot markets price out the discipline. Pando runs from Salt Lake City, but every one of these markets has its own local network: agents sourcing, crews rehabbing, property managers handling day-to-day. Keokuk is the anchor; the footprint extends along the Mississippi corridor as the math supports.

Shaded-relief map artwork of the Mississippi river-town corridor

BurlingtonFort MadisonKEOKUKQuincyHannibal

Keokuk anchor · Mississippi river-town corridor

Technology Partner

XeedlyAI

Intelligence layer · not a service provider

XeedlyAI builds the intelligence layer that powers Pando's diligence stack — the buy-box evaluation, the console responses, the signal generation that tells Marc which submission to read next. This is a technology partnership, not a vendor relationship. XeedlyAI doesn't take commissions, doesn't hold equitable interests, and doesn't touch investor transactions. It ships the tools; Pando runs the operation.

xeedly.com

15-to-1 Impact Initiative

Every 15 deals builds a home.

Here's the deal behind the deals: every property Pando closes in the Midwest sets aside a locked slice of margin. Fifteen closes later, that fund builds a real house — block, roof, doors that lock — for a family in a Central American community that needs one.

No donation ask. No surcharge on investors. Just a ratio wired into how the company runs: you do well here, somebody does better somewhere else.

Volunteers and local builders raising a roof frame on a block home — Framing day — the part everyone remembers

A family standing in front of their newly completed home at golden hour — Home complete, family moved in

Where the homes get built

Central America — communities where a modest, well-built home changes a family's whole trajectory. Belize was the first project area; Costa Rica is next. Where each home lands depends on partner readiness and community need, not on a map in a boardroom.

Pando doesn't build the homes itself. Local community-build organizations handle site preparation, construction, family selection, and delivery. Partner names publish at each home's groundbreak.

Who swings the hammers

Volunteer crews. Sore shoulders. Big grins.

These builds don't happen with hard hats and subcontractors alone. Youth groups and humanitarian teams from the LDS church and other Christian faiths fold Pando-funded homes into their own service trips — the same trips they were already taking, now with a foundation to pour and walls to raise.

It's deliberately the fun kind of hard work: a week of mixing concrete and learning ten words of Spanish, the kind of trip teenagers come home from different. Character building, in the most literal sense.

A local mason guiding a young volunteer's hands setting a concrete block — The work itself

Come with us

Your deal funds it. You can help build it.

Most impact programs end at a receipt. This one ends with you on a ladder, if you want it to.

Visitors and villagers walking a dirt road toward a house under construction, carrying lumber — Walking in on day one

Join a build trip

Investors are welcome on the volunteer crews — entirely optional, completely real. A week on site, working alongside the family who'll live there.

No experience required

The partner organizations run the site. If you can carry a bucket and laugh at your own bent nails, you're qualified.

Bring the family

These trips pair naturally with the youth-group crews — plenty of investors will be there because their kids are.

Ask about build trips

How the ratio works

Funding flows from every deal.

A fixed portion of Pando's net margin from every closed deal goes into the Impact Initiative fund. The amount per deal varies with deal size, but the contribution percentage is locked.

When the fund accumulates enough capital to fully fund the construction of a partner-built home, Pando releases the funding to the next partner organization in queue. By design, this happens at every 15-deal milestone.

The ratio is locked. The number of deals required to fund each home does not change as Pando grows.

Where the homes get built

Central America, where the need is real.

Pando works with partner organizations across the region. Where each home is built depends on partner readiness and community need — the work happens where the work is ready.

Belize

First project area

Rural communities in coastal and inland regions. Partner organizations identified; selection in progress.

Costa Rica

Working with established community-build organizations. Specific regions and partners announced as the program ramps.

Where next?

Partner-led

More Central American communities as partners come ready. Country selection is driven by partner readiness and need — never by marketing.

Our partner model

Pando funds. Partners build.

Pando does not build homes itself. Building homes well requires community knowledge, local skilled labor, and ongoing relationships — work that local organizations do better than any outside operator could.

Pando's role is funding the construction and tracking outcomes publicly. Our partners handle site preparation, construction oversight, family selection, and delivery. They have the expertise and the relationships. We have the funding mechanism and the public commitment.

Partner organizations are named at each home's groundbreak — along with the location and, with their consent and on their terms, the family the home is built for.

Frequently Asked

About Pando, directly.

Next Step

Want to talk through whether Pando fits?

Book a Discovery Call with Marc, or request access and the conversation starts by email.

Request Access Book a Discovery Call

Or talk to Marc directly — marc@ownpando.com