Shared Estates Asset Fund
The Shared Estates Asset Fund is a vertically integrated, carbon-neutral real estate redevelopment and rehabilitation company and owner-operator of large short-term rental estates.
The sharing economy is the fastest growing segment of the real estate industry, wherein the fastest growing subset is estates – large format luxury rentals. The Berkshires of western Massachusetts offer a rare opportunity: a robust year-round vacation rental market, stable real estate valuations, and a unique inventory of historic luxury estates from the 1800s and early 1900s.
The key to the Fund’s success is our ability to offer luxury rental accommodations at a lower cost per person than standard hotel rooms.Daniel Dus, Managing Partner
Saving Historic Properties. Shared Estates is the largest real estate syndicator of historic estates, bringing dramatically underutilized and often failing properties from the US “Gilded Era,” including properties from the 1700s and 1800s and brings them into the 21st century. Many targets of the Fund were used two or three weeks a year as second or third homes by wealthy families. Some haven’t been renovated in decades and are under threat of structural failure, but with the opportunities created by the shared economy, their best days are ahead of them, with regular use by the mass market for vacationing, weddings, birthdays, anniversaries, reunions and local gatherings.
Sustainability. All properties will be made carbon neutral through procurement of renewable energy credits to offset the property’s energy consumption profile. Building materials will be reclaimed materials whenever possible. No single-use amenities will be offered in Fund properties.
Community Impact. Berkshire County, MA enjoyed an industrial and cultural heyday in the 1800s and early 1900s, but lost tens of thousands of jobs as major industrials like GE shuttered offices and manufacturing centers. Traditional banks will not finance projects here, considering the location “too rural.” 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.
Meet the Partners
Daniel Dus – Managing Partner
The Fund, its projects and strategy are managed by Daniel, who recently built a utility scale renewable energy company in the U.S. from scratch that has contracted over $600 million of projects for a $35 billion multinational. Previously as CSO he worked to build Safari Energy, the #1 provider of solar to REITS, which sold to PPL. Daniel has executed development and construction projects in 20+ states nationwide, holds an MBA, is a Stanford Certified Project manager and a Villanova Certified Master Lean Blackbelt with a focus on project financial management.
Anna Battoe – General Partner
Anna Battoe is an attorney (J.D. – University of Florida, Fredric Levin College of Law) and trained accountant (B.A. – University of Iowa, Tippie College of Business). She’s spent the past 8 years working in banking regulatory compliance, both directly for a large financial institution and prior to that, serving a range of financial institutions through a consulting firm. Previously, she interned in private accounting, with The United States Treasury (Bureau of the Public Debt, Office of Chief Counsel) and United States Securities and Exchange Commission (SEC).
Jason Dus – General Partner
Jason is a Massachusetts licensed General Contractor with twenty years overseeing tens of millions of dollars of turnkey construction work in the target market. He will lead rehabilitation of Fund properties.
Orion Parrott – General Partner
Orion is a serial entrepreneur and Berkeley MBA. Previously a Raytheon systems engineer, he spent the last five years helping build businesses in Silicon Valley in tech and finance. He has 20 years of experience in real estate as an owner-operator.
David and Shannon Erwin – General Partners
Dave is an accomplished software designer and programmer, currently a Lead Technologist at the New York Times. Shannon is a marketing and client relations specialist, including working at the School of Visual Arts in marketing, alumni and development roles.
Christopher and Heather Nichols – General Partners
A systems analyst for Merck, and Solutions Architect for Telecordia, Chris has spent eighteen years building online businesses in gaming as well as helping his family own/operate its 140 acre, multi-generation citrus and avocado ranch. Heather is a pediatric oncologist.
Andy Klump – General Partner
Andy is a Harvard MBA who spent several years with Dell and Intel before beginning his own business, Clean Energy Associates, which is now the #1 solar quality assessment, quality control firm globally with over 120 associates.
Shared Estates brings exclusive luxury properties to market that were historically available only to the wealthiest families – at lower per-person costs than standard hotel rooms.