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Collab: Fractional real estate platform

US student housing sold as $5 Reg A+ shares, with the quarterly operating statement published for every building.

Profile checked October 24, 2026

Properties
Listed value
Funded
Median yield
30-day change
Share of index

What it costs

To buy
Not publishedNo purchase fee is charged to you. Each building's series pays Collab a sourcing fee of up to 5% of the purchase price, up to 3% of the raise in offering costs and a 1% broker commission, so the money leaves before the property is bought.
Each year
2% a year of asset value (0.5% a quarter) plus 8% of gross rent to Collab as property managerBoth deducted before distributions. The offering circular says the rates were set internally with no independent comparison.
To sell
2% of the sale price when the building is sold, then 20% of what remains after your capital is returned goes to CollabThere is no market to sell on, so there is no secondary sale fee.
Renovations
5.5% of capital improvement costs

Source: YSMD, LLC offering circular on SEC EDGAR, checked October 24, 2026.

How you exit

Mechanism
Hold until Collab sells the building. There is no marketplace and no redemption right, and transferring shares needs the managing member's written consent
Lock-up
Indefinite. The circular tells you to expect to hold until the property is sold
How often
None. Whether and when a building is sold is entirely Collab's decision
Guaranteed
No. The circular says you may never be able to liquidate

Source: YSMD, LLC offering circular on SEC EDGAR, checked October 24, 2026.

What you own

Structure
Series interests in YSMD, LLC, a Delaware series LLC managed by Collab (USA) Capital LLC, one series per building, sold under Regulation A (Tier 2) through Dalmore Group as broker-dealer. The issuer on EDGAR is YSMD, LLC rather than CollabExplained on Regulation A+ shares of a property LLC, with every platform that uses it.
Regulator
SEC, Regulation A offering circular qualified under CIK 1948667

Source: YSMD, LLC offering circular on SEC EDGAR, checked October 24, 2026.

Compare every platform on fees and how you get your money out, or put Collab's rates on your own number in the fee calculator.

About

Collab buys houses and small apartment buildings next to US campuses, puts each one in its own series LLC, and sells shares in it at $5 through SEC-qualified Reg A+ offerings that any US investor can join. What sets it apart is what it publishes afterwards: every property carries its offering circular, grant deed and uses of proceeds alongside an unbroken run of monthly and quarterly operating statements going back to 2023, so the rent, expenses and net operating income a building actually produced sit next to the return it was sold on. Its portfolio is concentrated around UC Berkeley with buildings near UMass Boston and Rutgers, and residents can work in their own communities through the Collab app. The platform is run by Collab (USA) Capital LLC, which is also the property manager on every deal.

Property types

  • Student housing
  • Multi-family
  • Condos

What you get

  • $5 shares in a per-building Reg A+ fund
  • Quarterly income and expense statements per property
  • Offering circular, grant deed and reports published
  • Matterport tour of every building

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