Shared Estates Asset Fund is a vertically integrated, carbon-neutral real estate redevelopment company and owner-operator of luxury estates for short-term rental. Industry experts say “The sharing economy, including short-term rentals, is growing fast.” Shared assets are accessible peer-to-peer (P2P) via a community based online platform, such as VRBO, HomeAway
- Security Type
- Preferred Stock
- Real Estate
- Min Investment
- Min Raise
- Offering Date
- November 02, 2020
- Max Raise
- Expected Close Date
- March 02, 2021
- Deal Notes
8% preferred return
80% of profit-share up to 200% of amount invested
60% profit-share above 200% of amount invested
15-20% discounted stays for investors
Ancitipated 10 year term
The Sponsor’s team also includes Anna Battoe, David and Shannon Erwin, Orion Parrott and Jason Dus. All are general partners in Shared Estates Asset Fund, GP.
Anna Battoe is an attorney (J.D. - University of Florida, Fredric Levin College of Law) and trained accountant, currently working for US Bank, where she helps lead financial compliance training. Prior to that she was a consultant at Protiviti, where she worked with multiple bulge bracket banks to support their compliance with Federal regulatory requirements. Previously, she interned at Grant Thornton, The United States Treasury (Department of Chief Counsel) and United States Securities and Exchange Commission (SEC).
David and Shannon Erwin are also General Partners. Dave is an accomplished software designer and programmer, currently a Lead Technologist at the New York Times. Shannon is a marketing and client relations specialist, including working at the School of Visual Arts in marketing, alumni and development roles. David and Shannon will assist in deployment of the Fund’s online presence and booking platforms.
Orion Parrott is a serial entrepreneur and Berkeley MBA. Having previously lived and worked in Massachusetts as a Raytheon systems engineer, he spent the last five years building businesses in tech and finance on the West Coast. He has successfully owned and operated rental property for over 20 years. Orion’s role on the team is primarily finance and operations.
Jason Dus is a General Partner and Massachusetts licensed General Contractor. Jason has overseen tens of millions of dollars of turnkey construction work in the target market, and will lead rehabilitation of Fund properties.
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