# reSpace Live Large | Pay Small - -Affordable Luxury Housing through Co-Homeownership - Canonical URL: https://wefunder.com/respace - Entity ID: wefunder:company:146899 - Last updated: 2026-06-16T05:03:11Z - Generated at: 2026-06-16T06:23:44Z ## Quick facts - Millennials are the largest US adult population yet own just 17% of the residential real estate. - 84% would consider co-buying if provided the right help. - In 450 cities in the US, the median price of a single-family homes is more than $1M. - A Seattle test market of two available units drew more than 100 interested buyers and brokers. - Unsolicited, Seattle's NBC local news ran the test as their lead story for a full 24-hour cycle. - reSpace founders have over 40 years experience in residential home development and management... - ... and three successful exits to AOL, Qualcomm and Nuance Comm in the tech sector. - Advisors include Keith Bruce (WA Real Estate Commissioner), Dave Berkus, and Richard Sudek. ## Active fundraises - wefunder:fundraise:101860: 4(a)(6) successful (USD) - wefunder:fundraise:101859: 4(a)(6) successful (USD) ## Story Live in the areas everyone wants to live in, but no one can afford.Superior living spaces that look and feel like multi-generational living, but are designed with an individual and couple in mind. Keeping homeownership hopes alive and accessible for Millennials and beyond...A shrinking supply of available homes coupled with skyrocketing home prices have dashed the dreams of millennials.According to Pew Research, in 2017, nearly 79 million adults (31.9% of the adult population) lived in a shared household – that is, a household with at least one “extra adult” who is not the household head, the spouse or unmarried partner of the head, or an 18- to 24-year-old student. People are already co-living, with reSpace now doors are opened for them to become CO-HOMEOWNERS. Creating more housing density and making better use of existing homes...that's where reSpace comes in.We go into into the markets where the average price point is a million plus and look at how we can increase the density and re|space properties into luxurious suites which can be privately owned. Harnessing PropTech and FinTechCreating hyper-affordable homeownership optionsOwn your own space for the same or less than rent of a studio apartment. Enjoy the benefits of being a homeowner while re|Space takes care of the rest. Gain equity and get on the ownership elevator with re|Space's fractional homeownership model introducing fractional homeownership and offering innovative financing options for a new generation of home buyers. Top Story on Seattle's NBC News Affiliate King5A test market conducted on a two-suite home in Seattle attracted over 100 interested buyers and brokers. The story was picked up (unsolicited) after the test by the local NBC news affiliate and ran as their top story for a full 24-hour news cycle. Addressing changing market behavior: Adapting to the evolving marketInnovative marketing strategies: Captivating audiences with our storyExperienced team and advisors: A winning team of industry leadersRisk Mitigation Strategies: Proactively managing risks for successWhether it’s calling in a repair, an introduction to your new community or learning the local scoop on your new neighborhood our 24/7 re|Space Concierge Team is here to assist.Inclusive of repairs, handyman, maintenance and cleaning of common spaces.If there’s an issue our Concierge Team is sure to have had experience in it, with the proper tools in place to mitigate issues before they escalate. In the event of irreconcilable differences with owners, there is the option to convert ownership and equity to another re|Space property.Propelling forward and capturing attention while fostering growth in the evolving housing market. $1.235M funding will allow re|Space to complete the following:Complete 3 Properties in ProgressBrand Identity | Marketing | WebsiteGet Advertising LaunchedAll Legal Instruments Finalized12 Months of RunwayreSpace 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.Industry Leaders Share Insights on reSpace, Revolutionizing Real Estate Through Co-Homeownership.Thank you for investing. We welcome you to the reSpace family! ## FAQ 1. **Hi there, a) What is your most recent monthly burn rate? b) What is your most recent monthly cash on hand? c) Are you raising a parallel angel or VC round simultaneously? If yes, who is investing in this round?** - Hi Teddy, Thanks for your questions. a) Our current burn rate is between $25K and $35K depending on which contract professionals we're engaging in any particular month for marketing and legal services. Expect that to increase toward the end of the year as we begin scaling into more properties. b) Cash on hand in round numbers is $29,000. We're less than $10,000 from threshold for WeFunder to release funds and have commitments from friends and family for significantly more than that amount. It... ## Team - Katrina Romatowski (Founder & CEO) - Bob OBrien (COO & CIO) - Richard Romatowski (Business Development & Finance) - Keith Bruce (Board of Advisors) - Dave Berkus (Board of Advisors ) - Todd Britsch (Board of Advisors) - Ivan Williams (Board of Advisors ) - Richard Sudek (Board of Advisors ) - Deanne McDonnell (Acquisitions and Investor Relations) - Amanda Conley (Accounting & Finance ) - Fawn Morgan (Marketing) ## Q&A - Q: Hi there, a) What is your most recent monthly burn rate? b) What is your most recent monthly cash on hand? c) Are you raising a parallel angel or VC round simultaneously? If yes, who is investing in this round? - A: Hi Teddy, Thanks for your questions. a) Our current burn rate is between $25K and $35K depending on which contract professionals we're engaging in any particular month for marketing and legal services. Expect that to increase toward the end of the year as we begin scaling into more properties. b) Cash on hand in round numbers is $29,000. We're less than $10,000 from threshold for WeFunder to release funds and have commitments from friends and family for significantly more than that amount. It is important to note that we self-funded while operating in stealth mode for the last 18 months and can continue to do so if necessary. c) We've begun outreach to the Angel community in our area and have had a positive response. No commitments to fund as we've only just started having those conversations. Hope that helps, Rick - Q: I can see your campaign and was impressed by your mission. I specialize in helping campaigns like yours maximize their reach and attract more investors. After reviewing your marketing approach, I see several opportunities to enhance your strategy, such as improving social media engagement or running targeted ads, which could help you reach your funding goal faster. I would welcome the opportunity to discuss how I can support your efforts. Please let me know if you would be open to a brief call.