AI is moving work off the screen. In Jacksonville, the work still needs people.
Workforce housing and specialized commercial space in one port city, where the hospitals, the port, the Navy and the rail yards all run on people who show up. Underwritten by a lean, AI-native team.
Remote work was the last decade's real estate story. In-person work is the next one.
The jobs easiest to do from a laptop are also the easiest for software to do. The work that remains is physical, local and done on site.
AI compresses screen-based work
Support, back-office processing, routine coding and content production automate first. Remote-heavy labor markets lose their premium.
Demand moves to where physical work concentrates
Ports, healthcare, manufacturing, defense and construction need people on site. Affordable metros anchored by these employers gain households and rent growth.
Income support puts a floor under housing
Broad income support such as universal basic income becomes more likely as displacement grows. It stretches furthest in affordable markets.
Not every job is equally exposed to AI.
The useful question is whether the work happens on a screen and whether the environment is predictable. Pick a category to see it.
These jobs split in two
AI increasingly writes the controller code and the commissioning plan. Someone still pulls the wire, mounts the rack and troubleshoots a plant floor that doesn't match the drawings.
AI also creates in-person work
Data centers, transmission lines and port expansions take thousands of trade workers to build and permanent technicians to run. Northeast Florida is getting its share.
One port city, mapped neighborhood by neighborhood.
We invest only in Jacksonville and its suburbs. It has a deepwater port, two major Navy bases, a large medical cluster, no state income tax, and housing priced below Florida's other big metros. Staying in one metro means we know every submarket, every employer and every contractor.
10 submarkets shown
Housing for the workforce, and space for the work.
Homes within a short commute of the job
Space that requires people
A small crew with the reach of a big ship.
AI handles the repetitive analyst work, so we can review nearly every relevant listing in Jacksonville, stay selective and keep overhead low. People make every decision, and every property is a short drive from home base.
Source
Listings, off-market leads, tax records and employer announcements, tracked continuously.
Screen
Rent comps, insurance and flood risk, taxes and commute-to-employer scoring.
Underwrite
A first-pass model in minutes, stress-tested on rates, vacancy and insurance.
Diligence
Lease, title and inspection review, drafted by AI and checked by people.
Operate
Rent and expense monitoring, maintenance triage and investor reporting.
Operator, capital raiser, rower.
Mike Cofone
Founder and managing partner, based in Northeast Florida. Owns and operates residential and medical commercial real estate, has raised venture capital for his own company, and runs lean, AI-first operations. [Add 1–2 lines of personal story]
Owns what we buy
A medical office building and single-family rentals across two states.
Has raised before
Raised venture capital and reported to investors. [Company, amount]
Knows how a crew pulls together
Discipline, consistency and a boat that moves together. [Program, level]
Start deal by deal. Build toward a fund.
Investors see each Jacksonville property before they commit. Every opportunity is offered only through formal offering documents, to the investors it is legally open to.
Deal-by-deal co-investment
Review the property, business plan and underwriting, then decide. Accreditation is verified before investing.
Family offices, trusts and practices
Larger allocations, programmatic co-investment and joint-venture equity on bigger deals.
Small-check investing
We are evaluating a regulated crowdfunding option so anyone can own a piece of a local property.
The Captain's Log
Monthly market notes, portfolio updates and the In-Person Economy report.
Get the brief and a first look at what's next.
Tell us a little about yourself. We'll send the thesis report and, where it fits, set up a call.