Referral Equity Program
Tap into Pacaso’s growth with an equity bonus, and earn owner credits.
Equity rewards are currently available to residents of the USA only. We hope to offer this benefit globally in the future.
How it works
Pacaso owners are important partners in our long-term success. Our Referral Equity Program (REP) rewards owners who are USA residents with 500 restricted stock units (RSUs) for each completed buyer referral, plus a $2,500 credit applied toward your Pacaso’s operating expenses. Owners of properties in Europe who refer buyers are eligible for an operating expense credit in the amount of €2500 when the sale completes.
Frequently asked questions
How do I submit a referral?
Visit our owner equity page to submit your referral. Referrals need to be submitted in advance of closing.
Is there a cap on the equity I can earn?
No. The more buyers referred, the more equity you can earn.
I have already referred closed shares. Is this benefit retroactive?
Yes, this program is retroactive for owners. If you referred a buyer who closed on a Pacaso prior to the onset of this program on June 9, 2021, you will receive rewards for those referrals. Pacaso will reach out to you to begin paperwork, or you can email email@example.com.
What is the dollar value of each award, and how will the stock be priced?
Because Pacaso is currently a private company, the value of the equity is a moving target. Our 409A valuation puts Pacaso’s common stock at USD $0.86/share. This is a tax valuation. When we sold preferred stock at our $1B valuation in March 2021, that deal was done at a per-share price of $4.15, which is a helpful indicator of how the investment community is valuing the company. Program participants interested in estimating the value of their RSUs can use this preferred stock price as a reference point, but until we are public, the ultimate value remains hypothetical.
How is the equity being granted?
Equity is granted in the form of restricted stock units (RSUs). The 500 shares of common stock underlying the RSUs will vest and be paid after the company is public (or in connection with a sale of the company).