Spencer Rascoff co-founded Zillow. Austin Allison sold the company to Zillow for $125 million. Now they have come together to co-found Pacaso and transform the $1.3T vacation home market.

Pacaso's enhanced digital marketplace is leading the condominium revolution, making luxury vacation homes accessible, fully functional, and hassle-free. And the results speak for themselves: nearly $1 billion in transactions, 1,500+ happy homeowners, $100 million in gross profits and impressive growth in their profits in the first half of 2024, the company says.

With properties in 40 markets, Pacaso is using co-ownership to make luxury vacation homes accessible around the world. And this is just the beginning. Even better – investors can join for just $2.70/share.

Next generation co-ownership

Pacaso's condominium model is powered by proprietary technology and an innovative structure that eliminates the headaches of traditional vacation home ownership. Here's how it works:

• Hassle-free transactions: Customers easily buy, finance and resell luxury home shares through Pacaso's intuitive platform.
• Ownership in hand: Pacaso handles maintenance, planning and furnishing; owners simply enjoy their vacation homes.
• Maximum value: Homes that were once vacant 90% of the year now remain occupied almost year-round, benefiting landlords and local economies.

And the demand for their services and expertise is real. Co-ownership is growing at 21% per year in the USA, and Pacaso homes have appreciated by nearly 10% since 2021 – roughly double the growth of the broader luxury market.

Dominating a $1.3 trillion market

Pacaso is leading the charge in the $1.3 trillion US vacation home market, combining real estate innovation with technology-driven efficiency to generate multiple revenue streams. These include transaction service fees for each sale, recurring 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, the Pacasos' first property in Paris sold so quickly that they bought a second one – on the same street. Now, as they grow, Pacaso's unique design is poised to dominate the vacation home segment.

Why investors are paying attention

There are many reasons why major firms like SoftBank and Maveron have already backed Pacaso, including:

• Proven leadership: Pacaso's founding team helped grow Zillow to a $16 billion valuation.
• Strong growth metrics: Nearly $1 billion in transactions, over $100 million in gross earnings and a 38% year-over-year increase in adjusted gross earnings in the first half of 2024.
• Growing demand: 40% of Americans want to buy a vacation home in the next year (Coldwell Banker), and condominiums are growing 21% annually in the United States

And here's the kicker: Pacaso is now accepting public investment in this condominium boom for just $2.70 per share.

Claim your shares in Pacaso today and be part of this market's next big disruption. Visit invest.pacaso.com to learn more.

This is a paid advertisement for Pacaso's Regulation A offer. Please read the offer circular at invest.pacaso.com.