January 3rd, 2024
The Here fractional investment platform is shutting down.
We launched Here in 2022 with a mission to make it easy for anyone to become a vacation rental investor. We’re grateful for everyone who believed in our mission and invested with Here.
With a heavy heart, we are sad to share that the Here fractional investment platform will be shutting down on January 3rd, 2024, due to the current interest rate environment and economic conditions.
Here Investments Inc. as the manager of each of the Series, will list each Series property for sale, and once sold, we will be returning the net proceeds to the applicable investors in each of our Series.
Net proceeds will be after the payment of all selling expenses, Series wind-down costs, loan repayments, and payments of deferred fees owed to the Manager.
As the Manager, Here Investments Inc. will manage the sale process to achieve the best possible outcome for investors, recognizing that the economic environment and the market will ultimately determine the sale terms.
Our goal is to sell all of the properties within approximately the next 6 months so as to allow sufficient time to maximize value. Here will continue to file all required SEC reports with respect to Here and each Series until it has sold all of the properties and winds down the Series upon the sale of the last property. Ongoing filings can be found here.
In accordance with the terms outlined in the Here limited liability company agreement, Here has determined that it is reasonable and in the best interest of the Series investors to delay the final distribution of sale proceeds until all Series properties have been sold. This delay is necessary to accurately assess and allocate funds for post-sale wind-down costs.
We anticipate finalizing and announcing the comprehensive distribution details for all Series, once all series properties are sold. This approach ensures a fair and equitable distribution to all Series investors and allows for a more accurate determination of the liquidation proceeds.
Here does not directly hold any customer deposits or securities. All cash deposits and securities associated with customer accounts are held with a registered custodian, Drivewealth.
Throughout this transition, the introducing broker dealer to Drivewealth, Templum Markets, will be operating a temporary portal to enable investors to access their Here portfolio and withdraw funds once each Here property has been sold.
You can access your Here account at Drivewealth by using the email associated with your Here account via the Templum Markets investor portal found below.
When logging in to Templum Markets for the first time, you will need to click the “reset password” to create a new password.
For security purposes, Multi-factor Authentication (MFA) will be enabled by default for each user account.
Given that the Here fractional investment platform has been shut down, we will not be able to respond to inquiries and can only communicate with investors through our public filings, found here.
For questions related to accessing your Templum account, withdrawing funds, or troubleshooting. Please contact Templum’s Investor Relations team at BdOperations@Templuminc.com.
This site is operated by Here Investments Inc. (the “company”), which is not a registered broker-dealer. The company does not give investment advice, endorsement, analysis, or recommendations with respect to any securities. Any securities posted here would be offered by, and all information included on this site is the responsibility of, Here Collection LLC, the issuer of such securities (the “issuer”). The company has not taken steps to verify the adequacy, accuracy, or completeness of the information. Neither the company, the issuer, their affiliates nor any of their respective officers, directors, agents, and employees makes any warranty, express or implied, of any kind related to the adequacy, accuracy, or completeness of any information on this site or the use of information on this site. By accessing this site and any pages thereof, you agree to be bound by the terms & conditions, privacy policy, and any risk factors set forth in an offering circular related to the securities of the issuer. This website uses the term “share” to refer to interests in a series of Here Collection LLC.
The issuer is conducting public offerings pursuant to Regulation A under the Securities Act of 1933, as amended. The most current offering circular for Here Collection is available here.
From time to time, the issuer may undertake "testing the waters" for additional series of securities to be offered pursuant to Regulation A. For offerings that have not yet been qualified, no money or other consideration is being solicited, and if sent in response, will not be accepted. No offer to buy the securities can be accepted and no part of the purchase price can be received until the offering statement filed by the company with the SEC has been qualified by the SEC. Any such offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time before notice of acceptance given after the date of qualification. An indication of interest involves no obligation or commitment of any kind.
A post-qualification amendment to the offering statement ("PQA") regarding this offering has been filed with the SEC. You may obtain a copy of the preliminary offering circular that is part of that PQA here.
The issuer is not under any obligation to make an offering under Regulation A.
It may choose to make an offering to some, but not all, of the people who indicate an interest in investing in a Series, and that offering might not be made under Regulation A. Potential investors should not rely on any forward-looking statements regarding any investment opportunity, which is based on our beliefs and information currently available to us. The words “anticipate,” “believe,” “expect,” “aim,” “potential,” “design,” “target,” “intend,” “may,” “might,” “plan,” “estimate,” “project,” “projection,” “should,” “will,” “would,” “result” and similar expressions identify forward-looking statements. Such statements are subject to risks, uncertainties, and assumptions and are not guarantees of future performance, which may be affected by known and unknown risks, trends, uncertainties, and factors that are beyond our control. These risks could result in the loss of your investment. See the offering materials for detailed information.
The information contained in this document, presentation, renderings, photos, simulated views, floor plans, graphic images, and other marketing materials related to this project (the “information”) is presented for illustrative and educational purposes only. It is not presented nor should it be treated as real estate advice, legal advice, investment advice, or tax advice. We advise all parties to do their own research and obtain independent financial, legal, and professional advice before marking any investment and business decisions. Your personal individual financial circumstances must be taken into account before you make any investment decision.
Securities offered via Regulation A through Dalmore Group LLC, registered broker dealer, member of FINRA (www.finra.org), member of SIPC (www.sipc.org) acting as Broker of Record. The securities herein offered by this issuer as herein above mentioned are highly speculative, investing in such securities involves significant risk, including possible loss of the principal amount of investment.
In compliance with SEC Regulation Crowdfunding (Regulation CF), ongoing filings and annual reports for Here Investments Inc. can be found here.
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