Pacaso,
the company democratizing second home ownership, today announced the
launch of a new Pacaso app that features a highly curated selection of
stunning second homes in top destinations across the U.S. The app, which
is available for free download on iOS and Android� -powered smartphones
and tablets, is an app designed exclusively for aspiring second home
buyers. Users can browse a coveted selection of luxurious second homes
available for co-ownership, share their favorite listings with family
and friends, and receive push notifications when new homes are listed.

With the new Pacaso app, a highly curated selection of luxury homes
come to life at the tap of a finger through an immersive shopping
experience designed to enhance mobile browsing. Previously the Pacaso
app was only available to current Pacaso owners who used Pacaso's
SmartStay� technology to schedule and manage their Pacaso. Owners can
now toggle between the owner experience and the shopping experience
within one universal app, allowing them to both manage their home stays
and browse new listings.

“Many people dream about second home ownership,” said Pacaso CEO and Co-founder Austin Allison.
“Now with our app, there's a more fun and efficient way to see what's
out there. Whether you are seriously shopping for a home, or just
browsing for your own enjoyment, there's never a shortage of stunning
homes in desirable locations.”

The new app from Pacaso features an intuitive user interface that
provides instant access to curated second homes in the most desirable
locations across the U.S. Users will be able to:

• Receive updates when Pacaso enters a new market, or lists a new home in an existing market.
• Read a breakdown of each home's share price and operating expenses.
• Easily share listings with friends and family just by clicking the share button.

Since Pacaso's launch in October 2020, more than 800,000 people have visited the Pacaso website. In March 2021, Pacaso raised $75 million in additional growth funding, and achieved a valuation of $1 billion, making it the fastest U.S.-based company to reach unicorn status (i).

About Pacaso
Pacaso� (pronounced like
“Picasso”) modernizes the decades-old practice of co-ownership by
creating a marketplace that makes buying, owning and selling a second
home easy. From curating the best listings in top second home markets to
offering integrated financing, upscale interior design, professional
property management and proprietary technology to make scheduling stays
simple, Pacaso provides owners with all the benefits of owning a second
home with less hassle. After purchase, Pacaso manages the home on an
ongoing basis and supports a frictionless resale process in partnership
with a licensed real estate professional.