re|Space

Live Large | Pay Small Through Fractional Homeownership

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Security Type
Convertible Note
Categories
Technology, Real Estate, Financial Services, Other, Retail
Min Investment
$500
Location
SEATTLE, WA
Expected Close Date
April 30, 2025
Target Raise
$50.00K-$1.24M
No. Investors
34
Security Price
$1
Website
respace.co
Number of Employees
2
Cash
$53,732
Revenue
$12,897
Short Term Debt
$1,347,640
Cost of Goods
$0
Long Term Debt
$0
Net Income
$-299,939

Key Deal Facts

Millennials are the largest US adult population yet own just 17% of the residential real estate.
84% would consider co-buying if provided the right help.
In 450 cities in the US, the median price of a single-family homes is more than $1M.
A Seattle test market of two available units drew more than 100 interested buyers and brokers.
Unsolicited, Seattle's NBC local news ran the test as their lead story for a full 24-hour cycle.
re|Space founders have over 40 years experience in residential home development and management...
... and three successful exits to AOL, Qualcomm and Nuance Comm in the tech sector.
Advisors include Keith Bruce (WA Real Estate Commissioner), Dave Berkus, and Richard Sudek.

Management Team / Advisory Board Bios

Katrina Romatowski Founder & CEOKatrina has more than 25+ years subdividing, developing, building and brokering both commercial and residential real estate. She has managed substantial real estate holdings for her clients' and her own portfolio., Richard Romatowski Business Development & FinanceRick is a Wharton MBA and former tech entrepreneur with 12+ years in real estate development and three successful tech exits to AOL, Qualcomm and Nuance Communications., Keith Bruce Board of AdvisorsWashington Real Estate Commissioner appointed by Gov. Jay Inslee. Board Member, Northwest MLS & Co-Founder of Sound Point Real Estate. Co-Vice President of NW Independent Broker's Association. He is dedicated to upholding and promoting public interests., Dave Berkus Board of Advisors Dave Berkus has a well-established track record in operations, venture investing and corporate board service, both public and private. As an entrepreneur, he has formed, managed and sold successful businesses in the entertainment and software arenas., Todd Britsch Board of AdvisorsTodd has excelled in custom reporting and consulting for the construction industry for close to two decades. Managing market data, aiding risk management, and assessing new markets. He's a key valued forecaster for the new construction industry., Ivan WilliamsBoard of Advisors Former senior leader with ARCO and BP, transitioned to entertainment by helping launch Altar Identity Studios. Renowned for executive producing films. He's also ventured into Broadway and created a hit web series., Richard Sudek Board of Advisors Active angel investor since 2000. He served on the Angel Capital Association board, is Chair Emeritus of Tech Coast Angels which has invested $300+ million in over 500 startup companies. These companies have attracted over $2 billion in later investment., Deanne McDonnellAcquisitions and Investor RelationsSeasoned Land Acquisition Specialist with 15+ years' expertise, excels in procuring prime development properties for Seattle's elite builders. Her vision and negotiations have been instrumental in shaping the city's prestigious real estate landscape., Amanda ConleyAccounting & Finance Amanda has an MBA, MS in Professional Accountancy, and over 15+ years experience in bookkeeping and tax preparation., Fawn MorganMarketingOffering 20+ years experience in marketing strategy and tactical execution for real estate and start up companies nationwide.
Amount Raised : $290,710
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Security Description

A convertible security is a security that can be converted into another security, typically equity in the next round of financing.

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