Introducing HomeShares and Jesse Stein
Peter Kim opens the episode by introducing Jesse Stein, CIO of HomeShares, to talk about home equity agreements, a lesser-known real estate investment option. Peter shares that this topic intrigued him because it represents a fresh way of thinking about real estate outside of the usual syndications or debt investments.
Jesse begins by giving his professional background. He started as an equity trader, later moved into real estate investment banking, and eventually created niche investment platforms. His experience includes building trading platforms for real estate securities, partnering with Nasdaq, launching a mobile investing app called Compound, and later serving as Head of Real Estate at Republic.
While at Republic, Jesse became involved with NADA, the parent company of HomeShares, through a joint venture called City Funds. He served on its board before officially joining as CIO in March. This coincided with the launch of the US Home Equity Fund, signaling a big step into scaling this investment model.
Peter clarifies that NADA is the parent, while HomeShares is the brand for investment products. Jesse confirms they are used interchangeably. This sets the stage for a deeper dive into home equity agreements.
The conversation is framed as both an educational opportunity for Peter and his listeners. Jesse’s expertise helps ground the discussion in credibility, while Peter positions the audience as co-learners alongside him.
