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Page A1 | Napa Valley Register E-Edition | napavalleyregister.com - Vimarsana News

Page A1 | Napa Valley Register E-Edition | napavalleyregister.com

Damian DeSena photo  The outside of the home Pacaso purchased at 1627 Rainier Avenue. On Friday, following neighborhood protest, CEO and Napa resident Austin Allison said his company was removing the Rainier Avenue listing from its website and pausing all showings "to re-evaluate whether this property is the best fit" for their portfolio.  Sarah Klearman  This is a photograph of Gayle Olson’s website advertising a yoga retreat at a Pacaso home in east Napa where she is a fractional owner. The offering was taken down following the Register’s inquiry Many Napans heard the name "Pac...

Pacaso's fractional ownership model, explained; company to pause showings of Napa home - Vimarsana News

Pacaso's fractional ownership model, explained; company to pause showings of Napa home

Many Napans heard the name "Pacaso" for the first time this week. The real estate startup’s million-dollar purchase of a house in Napa’s Bel Aire neighborhood in early April caught the attention of the property’s neighbors, many of whom shared their opposition to Pacaso’s business model during public comment at Napa City Council’s meeting Tuesday afternoon. “I was like – ‘you’re kidding. Come on. On this street? Why would anyone want to live on this street in that sort of format?’” neighbor Thom Licthenstein, a 26-year resident of the Bel...

Home co-ownership company sues St. Helena in dispute over definition of timeshare - Vimarsana News

Home co-ownership company sues St. Helena in dispute over definition of timeshare

Pacaso, a company specializing in the co-ownership of second homes by multiple parties, sued the City of St. Helena last week amid a dispute over whether the arrangement amounts to