We are excited to share an update on our progress at reSpace Inc. as we build momentum and achieve critical milestones.
Property Development:
reSpace 1 in Ballard is moving forward, pending permitting. We are also in the feasibility phase for a property in Columbia City and have identified another promising property that fits the reSpace model. This second property is well-suited for early entry into the market, which will help generate revenue and demonstrate our model’s viability. These properties have also allowed us to refine tools that assist with underwriting and investment analysis, which we can reuse for future projects to ensure efficient property evaluations and decision-making.
Operations and Technology:
Our advisory board has given us feedback regarding reSpace’s business model and approach and our early aspirations around a technology platform as a key driver of long-term value and market differentiation. We are also excited to welcome Dianne O’Brien and Zerrin Bagir, who will strengthen our operational and business development efforts.
Marketing & Outreach:
Our efforts to build a strong base of buyers, sellers, and brokers are ongoing. We are ramping up targeted marketing through social media to enhance visibility. We ensure consistent communication and engagement using Follow Up Boss, our CRM tool. We also use tools like Google Analytics to track our marketing efforts and refine our SEO strategies to maximize our online presence. For October as we increase or outreach to drive reSpace’s visibility and brand recognition
Partnerships & Collaborations:
We are fortunate to collaborate with Al Mayes of Al Mayes Properties, a highly experienced property development professional. His insights have helped us better understand market conditions and refine our target demographics. This collaboration is critical to refining our property development strategy and supporting sustainable growth.
Additionally, we are in discussions with the Pacific Northwest Multiple Listing Service (MLS) about Co-Homeownership, which is the cornerstone of the reSpace model. We are working closely with their legal counsel and we are confident this partnership will provide important validation for our approach.
Investor Acquisition:
Our direct communications with prospective investors have provided valuable insights into what resonates most about reSpace’s value proposition. Earlier this month, our executive team and Ivan Williams, a member of our Board of Advisors, traveled to Los Angeles to film content for America’s Next Investment (ANI), an investor-focused program that airs after Shark Tank on CNBC. ANI has helped featured companies raise tens of millions of dollars, and we are optimistic about the exposure this will bring to our fundraising efforts.
Opportunities:
We are actively exploring new properties that align with the reSpace model, including properties in Columbia City and other promising locations. We are also in discussions to secure equity partnerships for these opportunities. If you or someone you know is interested in learning more about reSpace or are aware of potential property sellers in Seattle or the Eastside, please feel free to contact me or Rick.
Thank You for Your Support
We are excited about the opportunities ahead and look forward to building strong partnerships with those who share our vision for revolutionizing homeownership. If you have any questions or would like further information, please do not hesitate to contact us. We value your interest and are eager to share future successes with you.
Best Regards,
Katrina
reSpace creates hyper-affordable luxury homeownership in the neighborhoods everyone wants to live, but few believe they can afford. We do this through a patent pending structure of ownership and finance which creates affordability and accessibility.
