Pursuit Properties Analysis: $10M Raised
What is Pursuit Properties?
Pursuit Properties structures fractional ownership of large recreational and ranch properties through property-specific LLCs called Owners Clubs. It pairs co-ownership with ongoing property management, land stewardship, and legal governance for groups of friends, families, and like-minded buyers. The site lists properties in the United States, Canada, and Chile, with share-based purchases and management services tied to hunting, fishing, agriculture, and private recreation.
Location
Denver, United States
Employees
1-10
Founded
2021
Revenue
$1-5M
Investors
- Y Combinator
Product Features & Capabilities
- turnkey co-ownership of expansive properties, premium real estate investment, property management services, game, fish & habitat management, agricultural & livestock management
Pricing
- Price per share is determined by the property price and the number of owners in the Owner Group.
- Pursuit’s upfront fee is included in the price per share, with no additional upfront fees.
- Annual management fee varies based on property requirements and is split among owners.
- Financing options are available through partners for shares of the LLC.
- Owners can buy more than one share.
How much Pursuit Properties raised
Seed - $10,000,000
March 31, 2022Lead Investor: Alphadyne Asset Management and 7 other investors
Who are the founders of Pursuit Properties
JG
Josh Green
CEO & Co-Founder
MM
Mason Meier
Co-Founder
Market Focus
Pursuit Properties primarily focuses on the real estate market, specifically in the area of turnkey co-ownership of expansive properties that offer premium recreational opportunities.
Business Model
Turnkey co-ownership model generates income through shared property management and investment.
Competitors Overview
The main competitors of Pursuit Properties in the turnkey co-ownership and premium recreational real estate market include:
-
Pacaso:
- Overview: Offers a wide selection of over 35 destinations for co-ownership.
- Advantages: High-profile leadership team with founders from Zillow, providing a strong brand presence.
- Notable Differences: Centralized phone support for maintenance may lack personalized service.
-
Kocomo:
- Overview: Focuses on providing seamless experiences and personalized services for co-owners.
- Advantages: Tailored customer service enhances the ownership experience.
-
Ember:
- Overview: Creates exclusive and intimate co-ownership communities.
- Advantages: Focus on community building among co-owners.
-
Fractional Group:
- Overview: Emphasizes strong rental income opportunities for property owners.
- Advantages: Attractive for investors looking for income generation.
-
Lifestyle Asset Group:
- Overview: Provides a personalized approach with hand-picked destinations and a transparent model.
- Advantages: Allows for property exchanges, enhancing the vacation home ownership experience.
These competitors differ in their service offerings, customer engagement, and community focus, which can influence a potential customer's choice in the co-ownership market.
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