Zeehaus
Fractional-Ownership Platform for Real Estate
Company Information
Zeehaus is an online platform that makes buying a home more affordable.
It enables a process called equity sharing, which connects homebuyers with investors who purchase shares of properties and collect “rent” from the buyers. In doing so, this company pairs homebuyers who wouldn’t otherwise be able to afford a home with investors seeking to invest in real estate.
Zeehaus generates revenue through management fees, investor fees, and funding/application fees. The company launched its platform in the San Francisco area and is now ready to expand. Target areas include Dallas, Santa Fe, Los Angeles, Phoenix, and Seattle.
Six million properties are sold every year in the U.S., at an average price of $543,000. At an estimated revenue per property of $3,600, Zeehaus’ total attainable market is $216 billion.
Team Background
Karl Schutte - Head of Finance
In addition to his role with Zeehaus, Karl is a principal at Eaton Square, an M&A and capital-services provider focused on the technology and services sectors.
Previously, he was Director of Renewable Capital, a company providing debt capital and advisory service. And before that, he worked for Grant Samuel and Associates, an investment-banking company, as a debt-related advisor.
Earlier in his career, he was an associate director with Rand Merchant, a banking business. He also served as a senior manager with Nedcor Bank, working on corporate management reporting.
Karl holds a Bachelor’s degree in Accounting from the University of Witwatersrand and an MBA.
Justin Lee - Chief Executive Officer
Justin has twenty years of experience in data analytics, consulting, and real estate. In addition to his role with Zeehaus, he is a licensed real estate agent.
Previously, he was a manager with Accenture, a professional-services firm. Before that, he was a stock trader with Worldco, a financial company. He began his career as an analyst with Merrill Lynch.
Justin earned a Bachelor’s degree in Electrical Engineering from Cornell.
Abhijeet Mistra - Engineering Lead Consultant
Abhijeet has more than twenty years of experience in software development. He began his career as an associate software engineer with Dell, then was a systems engineer with Virtualwire Technologies, a wireless-services company.
He earned a Bachelor’s degree in Information Technology from Maniple Institute of Technology.