Shared luxury in the sharing economy. Carbon neutral.
Jan 31, 2021
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 and many other 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."
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 or AirBNB.
The Shared Estates Asset Fund, GP (the "Sponsor") is focusing its acquisitions in the Berkshires of Western Massachusetts, which offer a rare, robust year-round vacation rental market.This is a region with a unique inventory of luxury estates from the 1800s and early 1900s. The area enjoyed an industrial and cultural heyday in the 1800s and early 1900s, but lost tens of thousands of jobs as major industrial companies like General Electric shuttered offices and manufacturing centers. As a result, there are many estates that are dramatically under-utilized, havent been renovated in decades and are even under threat of structural failure. The Sponsor plans to bring a number of these luxury and historic properties into the reach of middle class family gatherings, at a lower cost per person than standard hotel rooms. Through rehabilitation of historic properties from a vibrant past, creation of sustainable jobs and fueling the robust local tourist economy, the Fund is driving revitalization of this beautiful rural County.