Vacation Rental Investment Platform Fully Funds Over $2.2 Million Worth of Properties in Just One Day - Benzinga

The real estate investment platform Here is one of the newest companies in the fractional real estate space and is allowing investors to become fractional owners of short-term rental properties for $1 per share with a minimum investment of $100.
According to Here, vacation rentals generate up to 160% more revenue on average than traditional long-term rentals. This comes as no surprise considering Airbnb Inc ABNB recently reported that the average daily rate on its platform is $164 and bookings were at an all-time high during the second quarter.
The platform has fully funded seven properties so far, including the latest three that were released on August 16, 2022, and fully funded a day later. The total offering amount of the three properties was $2,260,132.
Mendocino – A three-bedroom vacation rental in Galveston, TX, a market with an average daily rate of $395, an average occupancy rate of 73% and average monthly revenue of $6,951.00.
Tanglewood – A three-bedroom vacation rental with a mountain view in Georgia’s Blue Ridge. The market has an average daily rate of $487, an average occupancy rate of 79% and average monthly revenue of $7,006.00.
Hacienda – A 5-five-bedroom vacation rental sitting on about five acres in Santa Fe, NM. The market has an average daily rate of $1,112.00 for similar properties, an average occupancy rate of 85% and average monthly revenue of $27,971.00.

After funding closed on these three properties, Here announced its next offering – a four-bedroom home near the ocean in San Diego, CA. The market has an average daily rate of $687.00, an average occupancy rate of 88% and average monthly revenue of $8,230.00.
Find current offerings for short-term rentals, single-family rentals and commercial properties on Benzinga’s Real Estate Offering Screener.
Photo: Courtesy of Here
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