Casa Shares, a qualified real estate investing platform making real estate available to everyone starting at just $100, announced it has raised $1.5 million in funding at a $10 million valuation.
Launched by former Oracle employee Mirza Beg and real estate developer McKay Francis, Casa Shares simplifies the investment process – enabling users to acquire shares in prime-income properties within minutes.
Beyond offering a platform, Casa Shares manages properties, allowing investors to earn passive income and benefit from property appreciation while sidestepping the typical hurdles of real estate investment.
Casa Shares is debuting in a booming market, expected to surge from $10.7 billion this year to $300.7 billion by 2032, with a staggering 44.9% CAGR (DataHorizzon Research). This expansion drives a societal shift towards convenience, diversified assets, and location freedom.
The goal of stable and inflation-resistant investment options has become more pronounced in the face of recent fluctuations in the crypto and equity markets. Real estate stands out as a coveted alternative. However, high entry costs remain a significant deterrent for many first-time investors.
Casa Shares has released its first offering, The Lorene, a premium condominium in Rexburg, Idaho, a rapidly growing college town and home to Brigham Young University. The company is set to widen its portfolio with diverse properties and locations and is also developing an iOS app to refine the investment experience.
KEY QUOTE:
“The exclusion of younger generations from real estate wealth-building due to skyrocketing property prices. Casa Shares aims to dismantle these barriers, offering an inclusive investment experience that is both accessible and engaging for all.”
– Mirza Beg, CEO and co-founder of Casa Shares
