The Kemble Berkshires: A historic estate, now carbon neutral, that anyone over 18 can invest in.

Invest now at: https://www.smallchange.co/projects/kemble-berkshires

Shared Estates Asset Fund (the Sponsor) has a mission to democratize and preserve the world’s finest historic real estate by creating modern, luxurious and sustainable properties for rental in the sharing economy. With the rise of the sharing economy, driven by companies such as Airbnb and VRBO, no one needs to own a large country home to use only a week or two per year.

We repurpose each of our properties to make them models of sustainable travel with carbon neutral operations and no single-use amenities. And we make it possible for the community to participate in ownership - anyone over the age of 18 can invest into our projects through our crowdfunded investment offerings and thus share in the profits, a privilege that has traditionally been out of reach for anyone not already wealthy.

We’re raising funds to purchase and renovate our next property, The Kemble Berkshires, located at 2 Kemble Street, Lenox 01240 in Massachusetts. Now anyone over 18 can invest.

The GP has invested $250K. The property, one of the last Massachusetts Great Estates, is a 13-bedroom, 15,000 square foot mansion built in 1881 for a U.S Secretary of State. It has been operated as an inn for many years, approaching $1 million in revenue in 2019.

Located in downtown Lenox, roughly 100 miles from both Boston and New York City, the Property provides easy access to Great Barrington, Stockbridge and more with breathtaking views of Stockbridge Bowl from the property itself.The town of Lenox is a world-renowned center for health, wellness and the arts. Along with its Tanglewood music venue, this is the summer home of the Boston Symphony Orchestra. Summer cottages in Lenox have been occupied by many famous families, including the Vanderbilts, Morgans, Astors, Cunards, Winthrops, Wartons, Choates, and Olmsteds.

Our plan is to make the property available for year-round nightly rental of the entire estate, along with special event bookings and unique room rentals. Single rooms in Lenox rent for as much as $1,500 per night during performance and holiday seasons. Renting The Kemble Berkshires promises to be a cost-effective and high-quality option for small to medium groups.

The property is in good condition, with over $2.7 million in renovations in the early 2010s. Our plan is to upgrade key features and apply our hallmark modern minimalist design and “living art gallery” aesthetic. While we’ll preserve historic property features, we’ll bring new relevance to the property with on-trend elements, textures and materials that today’s sophisticated and diverse travelers look for - an “instagrammable” location for their special gathering.

Our renovation focus will be on the interior spaces not updated in prior renovations - four bedrooms and common area space on the third floor - along with extensive exterior work on the grounds of the property. Renovation work will include refinishing hardwood floors, repainting most common areas, and bringing the interior to a bright, modern-minimalist finish. Renovation plans for the third floor, which has some of the most breathtaking views, include a games room, virtual reality gaming center, pool, foosball table and four additional bedrooms, increasing the bedroom count from 9 to 13 (a 44% increase in revenue-generating bedrooms.) We also plan to refinish some sections of the large basement, adding commercial kitchen amenities to facilitate large gatherings.

To date, the grounds have remained largely undeveloped. We plan to add a 3,000 square foot bluestone patio, pool, tennis court and lounge area as well as a one-acre vineyard and gardens for property-to-table produce. Landscaping will be substantially updated, including the addition of mature cypress trees, edible landscaping and more. Our goal is to create a best-in-class, better-than-resort feel, within walking distance to one of the Berkshire’s most desirable towns.

Massachusetts Licensed General Contractor, Jason Dus Construction, will complete all construction work to building code and construction industry standards. 

The Kemble Berkshires is the fourth property our team is tackling. Previous acquisitions include:

The Playhouse, 850 Summer Street, Lee, Massachusetts. Originally built by George Westinghouse, this property was developed and operated by the management team and recently sold, returning more than a 30% annualized return to investors. The Playhouse achieved the #1 vacation rental spot in this market and has been featured on the Netflix series, “World’s Most Amazing Vacation Rentals.”

The Brookman, 121 Treadwell Hollow Road, Williamstown, MA. This 6,000-square-foot estate on 40 acres was developed by legendary actor Christopher Reeve. We acquired the property for $900,000, invested roughly $500,000 into renovations, and have listed it at $2,500,000. The property booked over $202,000 of rental income in its first 60 days on VRBO.

The Freeman Berkshires, 46 Bow Wow Road, Egremont, MA. This project renovation is on schedule after a successful $890,000 raise on the Small Change platform in early 2021. The Freeman Berkshires is an 11,400 square foot country estate on forty-one acres with tennis courts and a large pond. 

Invest now at https://www.smallchange.co/projects/kemble-berkshires

*Disclaimer: The Kemble Berkshires, LLC is offering securities under Regulation CF, Rule 506(c) through NSSC Funding Portal and has filed a Form C with the SEC. Current SEC rules can be found here. Info can be obtained at Small Change.”