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Spencer Rascoff is the co-founder of Zillow. Austin Allison sold his company to Zillow for $125 million. Now they have joined forces to found Pacaso and transform the $1,300 vacation home market. dollars.
Pacaso’s streamlined digital marketplace is leading the shared ownership revolution, making luxury holiday homes accessible, fully utilized and hassle-free. The results speak for themselves: almost $1 billion in transactions, over 1,500 satisfied homeowners, gross profits of over $100 million and impressive earnings growth for the first half of 2024, the company says.
With properties in 40 markets, Pacaso uses shared ownership to offer luxury vacation homes around the world. And this is just the starting. Even higher – investors can join for as little as $2.70 per share.
Next generation co-ownership
Pacaso’s shared ownership model is based on proprietary technology and an modern structure that eliminates the problems associated with traditional vacation home ownership. Here’s how it really works:
- Hassle-free transactions: Customers easily buy, finance and resell shares of luxury homes through Pacaso’s intuitive platform.
- Turnkey property: Pacaso handles maintenance, planning and furnishings; the owners simply enjoy their holiday homes.
- Maximum value: Homes that once stood empty 90% of the yr are now occupied almost year-round, benefiting owners and local economies.
And the demand for their services and expertise is real. There is co-ownership growing by 21% per yr in the USA and Since 2021, Pacaso homes have increased in value by almost 10%. – roughly twice the growth of the broader luxury goods market.
Domination in a $1.3 trillion market
Pacaso is a leader in the $1.3 trillion U.S. vacation home market by combining real estate innovation with technology-enabled efficiencies to generate multiple revenue streams. These include transaction processing fees on every sale, fixed property management fees and exclusive financing options tailored to co-owners.
The platform’s global reach is growing rapidly with recent market expansions in Paris and London. In fact, Pacaso’s first property in Paris sold out so quickly that they bought a second one – on the same street. Now, because it scales up, Pacaso’s unique model is poised to dominate the vacation home segment.
Why investors are being attentive
There are many the reason why leading corporations resembling SoftBank and Maveron have already supported Pacaso, including:
- Proven leadership: Pacaso’s founding team helped value Zillow at $16 billion.
- Strong growth indicators: Nearly $1 billion in transaction, over $100 million in gross profit and 38% growth in adjusted gross profit in the first half of 2024 year-over-year.
- Growing demand: 40% of Americans wish to buy a vacation home next yr (Coldwell Banker), and shared ownership is growing 21% annually in the United States
And here’s the big news: Pacaso is now accepting public investment in the shared ownership boom for just $2.70 per share.
Claim your shares in Pacaso today and be a part of the next big disruption in this market. Visit invest.pacaso.com to learn more.
This is a paid commercial for the Pacaso Regulation A offer. Please see the offer circular at invest.pacaso.com.