Press Release: HomeShare Announces Expansion to Los Angeles

Pictured: Next on Sixth – Los Angeles

And the Opening of Five New Buildings Across Markets

San Francisco, CA — May 15, 2018 — HomeShare (www.homeshare.com), an online housing marketplace for affordable city living, has announced its expansion to Los Angeles. The company’s first building will be a 300+ unit luxury community in Koreatown, just 10 minutes from Downtown Los Angeles. HomeShare is now active in five markets, and is rapidly growing after announcing a $5.7 million seed round led by Lightspeed Venture Partners in January 2018.

In addition to expanding to Los Angeles, HomeShare is announcing five new buildings across multiple markets: Next on 6th in Los Angeles, 150 Van Ness in San Francisco, and Cascade in Seattle. HomeShare plans to launch two more properties in Los Angeles and Seattle in the coming weeks.

“We’re thrilled to help Los Angeles residents gain access to more affordable housing in the heart of the city,” says CEO and Founder Jeff Pang. “HomeShare can open doors for professionals that want to shorten their commutes and have a seamless housemate experience.”

Los Angeles is currently the country’s worst in terms of rent affordability, where the average share of income spent on rent is 48.4%; higher than San Francisco at 42.4%¹.

Individuals can book tours at both new and existing HomeShare properties on the HomeShare website.

¹Zillow Housing Market Overview 2017 Q4, https://wp.zillowstatic.com/3/Chartbook-2017-Q4-88890d.pdf

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About HomeShare

HomeShare (www.homeshare.com) is a housing marketplace that enables affordable city living so that individuals can thrive together. The company matches housemates based on personality to ensure compatibility and peace of mind. HomeShare is active in San Francisco, Silicon Valley, New York, Seattle, and Los Angeles.

HomeShare’s mission is to unlock cities by providing attractive yet affordable housing.

Source: HomeShare Press Department

Contact Information: PR@HomeShare.com

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