Here provides investors the opportunity to build wealth by investing in vacation rentals as an asset class. Historically, vacation rentals have been an illiquid asset class – a vacation rental investor would have to sell their entire property to a prospective buyer. Generally, investors viewed this favorably as real estate returns are maximized when held as a long-term investment, and rental income is insulated from behavioral investing tendencies as seen in the public markets.  
At Here, we also believe that long-term wealth is created from long-term investments. With this in mind, Here does not offer investors individual liquidity for their property shares during our investment period.

Any payouts will be deposited directly to your Here account. If the property generates sufficient funds to make cash distributions, you will receive your pro-rata distribution quarterly within 45 to 60 days of the start of a new quarter. You can view the expected first payout date for each Here property on the property’s Offering page.
On each payment date, an investor will receive their pro-rata share of booking income after deducting expenses, such as property management fees, asset management fees, property taxes, insurance costs, repair costs, any HOA fees, reserves for liabilities and contingencies (for example expected capital expenditures), and any other costs and expenses based on the investor’s percentage ownership.

There may be periods where a payout is not possible if the cash needed to fund costs plus cash reserves for liabilities and contingencies is greater than the rental income.

Investors select a Here property and acquire fractional interests that represent an indirect ownership interest in that property. The investment is designed to deliver passive income without management responsibilities.
Once Here accepts your investment and your funds are transferred, you will be entitled to receive quarterly payouts derived from booking income (rents minus fees, expenses, and additional reserve allocations) generated by the property, while Here handles operational responsibilities.