BUYING/SELLING

Pacaso Launches Innovative Luxury Second Home Co-ownership Platform in Jackson Hole

Pacaso | November 15, 2021

Pacaso, the leading real estate platform that helps people buy and co-own a luxury second home, today announced that it has expanded its service to Jackson Hole, Wyoming. The company listed its first property in Jackson alongside plans to support the Community Housing Fund and Teton Habitat for Humanity.

"Jackson Hole's majestic beauty coupled with its wide array of year-round outdoor recreational activities has made it a highly desirable location for second home buyers, many of whom are looking to enjoy their newfound remote work flexibility from the mountains. As in many mountain towns, this demand has increased the strain on housing inventory needed by the workforce. Pacaso offers a better way; co-ownership empowers buyers to uplevel their focus toward luxury properties, and away from lower price points."

- Pacaso Co-founder and CEO Austin Allison

For 2022, Pacaso will be supporting the local Community Housing Fund with an upfront donation of $10K and an ongoing donation of $5K for each home Pacaso purchases. The company will also appeal directly to the sellers' agent to match its giving for each home and partner with Fund leaders to encourage others in the real estate community to give. Pacaso will also donate lightly used furniture and home goods from the acquisition of new homes to Teton Habitat for Humanity.

"I am delighted Pacaso has chosen to proactively participate in the Community Housing Fund. Broad-based, sustained participation from the real estate community is critically needed to support our community members facing housing insecurity. I look forward to partnering with Pacaso to grow this fund's impact."

- Devon Viehman, Associate Broker of the Viehman Group.

Pacaso partners with all interested real estate agents and brokerages in markets where it operates. Real estate agents representing buyers who purchase a share of a Pacaso home receive a 3% referral commission in addition to 500 RSUs of Pacaso stock as a referral equity bonus. Agents in Jackson Hole who are interested in working with Pacaso can learn more on the company's website.

Pacaso's first listing in the area is a contemporary five-bedroom home situated atop the ridge of Spring Creek with sweeping views of Sleeping Indian Mountain and the Grand Tetons. The home was designed by Ward Blake architects.

About Pacaso
Pacaso® (pronounced like "Picasso") modernizes the decades-old practice of co-ownership by creating a marketplace that makes buying, owning, and selling a luxury second home easy. From curating the best listings in top second home markets to offering integrated financing and sales from as little as ⅛ to as much as ½ ownership; upscale interior design; and professional property management, Pacaso provides owners with all the benefits of owning a second home with less hassle. After purchase, Pacaso manages the home on an ongoing basis and supports a frictionless resale process in partnership with a licensed real estate professional.

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For generations, public markets have been the beating heart of capitalism, reaching their zenith in the latter part of 20th Century, when stock markets in Wall Street, the City of London, Hong Kong, and others were the great centers of capital raising, corporate investment and growth.

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Businesswire | April 20, 2023

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Formerly CEO of Blue Skyre IBE, as well as a co-founder, Ehrenberg is an internationally recognized real estate industry business leader, with more than 35 years of experience in business process transformation, strategic positioning and operations of large, complex portfolios. Before co-founding BSI, she was the Global Head of Strategic Real Estate Operations for WeWork. Her previous experience also includes being International Director and Global President of JLL Integrated Facilities Management Services; Global Head of Integrated Facility Management at CBRE, and Executive Vice President of Grubb & Ellis Company and President and CEO of Grubb and Ellis Management Services, Inc. Ehrenberg was named to the Woman of Influence Hall of Fame by Real Estate Forum/Globe St. Temmink is Chief Operating Officer of the commercial division. 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Most recently Chief Strategy & Product Officer at Blue Skyre IBE, Temmink has also served as Senior Vice President and Chief Administration Officer at Apollo Education Group and held global real estate executive roles at Cushman & Wakefield, Oracle and Boeing. She is a renowned speaker and thought leader on corporate real estate, facilities management, ESG and PropTech. Temmink is the co-chair of the International Facilities Management (IFMA) ITC, a top-rated faculty for the MCR Capstone CoreNet course and serves as an editorial board member for the Corporate Real Estate Journal. “Facilities management has been going through a transformation and Lessen has been at the forefront of this change,” said Temmink. “Delivering value, quality, predictive and efficient services to clients while providing real-time business insights is critical. 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The Premier Property Group Acquires Stake in Beachy Beach Real Estate

The Premier Property Group | March 14, 2023

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REAL ESTATE TECHNOLOGY, REAL ESTATE INVESTMENT

Sound Point Capital to Acquire Assured Investment Management, and Receive $1 Billion Investment Commitment From Assured Guaranty

Businesswire | April 12, 2023

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We’re thrilled to be expanding our diversified platform through a powerful new partnership that will create immediate impact.” The transaction is expected to be completed in the beginning of Q3 2023. As part of the acquisition, a significant number of employees from Assured-IM are expected to join Sound Point, both in New York and London. Following this acquisition, Sound Point will take over the management of approximately $15.2 billion (as of December 31, 2022) in Assured-IM assets, predominantly across CLOs but also including structured asset-backed investments. Sound Point’s pro forma assets under management (AUM) are anticipated to total approximately $47 billion after consummation of the transaction. “This acquisition further strengthens our platform and will allow Sound Point to leverage its already comprehensive firmwide infrastructure and investment teams,” said David Grill, Head of Strategy at Sound Point. “Assured Guaranty’s investment commitment will be allocated to Sound Point managed CLOs as well as a range of other credit strategies”. The combination of Sound Point and Assured-IM’s technology and systems will further improve reporting capabilities and speed. The combined team will focus on continued excellence and tight operational controls, benefiting from each other’s existing processes and previous experience. Sound Point will remain a privately held company, with Stephen Ketchum as Managing Partner and Chief Investment Officer and the firm’s controlling equityholder. 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