Freeman Berkshires

Freeman Berkshires

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
Industry
Real Estate
Min Investment
$1,000
Location
Irving, TX
Min Raise
$100,000
Offering Date
November 02, 2020
Max Raise
$890,000
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

Management

Daniel Dus is the managing Partner of Shared Estates Asset Fund, GP, the Sponsor and Manager of, Shared Estates Asset Fund 1, LLC, which in turn is the Manager of the Company. Daniel is currently overseeing a large scale solar project investment strategy, with approximately $600 million of project value already committed and contracted, for a $32 billion multinational corporation. Daniel has contracted roughly $1 billion of construction projects in 17 states, holds an MBA, is a Stanford Certified Project Manager and a Villanova Certified Master Lean Blackbelt with a focus on project financial management. Daniel grew up in the Berkshires, where many of his family still reside. He is committed to the economic redevelopment of this beautiful region and creating opportunities for all residents to reinvest in their local real estate market.
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.

Research Reports

No reports have been submitted

Become a Reporter

Security Description

Preferred securities are a type of investment that generally offers some sort of preferred treatment through a dividend or preferred treatment in a liquidation.

Key Deal Facts

Luxury for everyone. Renovation of an historic luxury estate for middle class family gatherings.
Sharing economy. Lower cost per person than standard hotel rooms.
Sustainable. Carbon neutral, no single-use amenities, reclaimed building materials.
Robust vacation market. Year-round tourist activities.
Cultural epicenter. MASS MoCA, Tanglewood and Jacob's Pillow are among the many cultural neighbors.
Local commitment. Sponsor plans to donate 1% of total rental income to The Elizabeth Freeman Center, a local service supporting victims of domestic abuse and assault.

0 Comments