Kasu Capital

Kasu Capital

Pioneering Wealth Creation in North-American Short-Term Rentals

Canada Owned | U.S Operated

Designed For Tomorrow

Kasu Capital is a forward-thinking open-end short-term rental and hospitality fund committed to the acquisition and operation of single-family properties across the U.S. as premier vacation rentals. Our mission is to create passive participation in lucrative near-term cash-flow opportunities and long-term value creation. Our strategic approach involves acquiring luxury properties in the U.S. and transforming them into immersive, amenity-filled experiences for travelers seeking upscale group accommodations.

Spencer Shafran

Principal & Founder


Spencer’s tenacity and ambition propelled him into multiple leadership positions throughout his career. He’s led acquisition and disposition efforts for over $1.5 billion of assets under development and management, sourced and negotiated over $175 million in financing facilities for land acquisitions, construction projects and stabilized assets. In addition to project experience, Spencer has been a primary manager for five separate real estate funds, across various asset classes, raising over $65 million in equity; and led development consultant teams and construction projects through to completion.

Alexander Shafran

Principal & Founder


Alex is a seasoned senior executive with a distinguished track record in the real estate industry. With a wealth of experience managing over 8 million square feet of real estate, across 30+ markets, he has developed strong fundamental principles in the world of development, financial management, and property management. Alex has maintained and managed relationships with thousands of tenants, ranging from large multinational corporations to single independents. His expertise and vision have not only transformed properties but also generated substantial value for stakeholders

David Esposto

David Esposto

Chief Technology Officer


David’s background in both finance as well as software engineering has led to meaningful involvement in both spaces. He gained experience facilitating mid-market M&A transactions with KPMG’s Corporate Finance team. As a software engineer at Zapper and then TD, he helped develop innovative solutions to complex business challenges. Finally, his entrepreneurial edge led him to start and scale an online cleaning agency from $0 to $100k in run-rate revenue within 7 months. David’s analytical skills in tandem with his operating experience make him a cross-functional, valuable asset.

Chris Bernard

Head of Acquisitions & Finance


Chris brings extensive real estate finance and acquisition expertise through his time at EY and various Private equity/Family office firms. Leading more than 15 real estate transactions in the last 18 months alone, with a completion value of over $1 billion. Chris excels in sourcing acquisitions, identifying market opportunities, and defining investment strategies to maximize returns for stakeholders while mitigating risk. Chris also provides valuable deal structure and finance expertise leveraging his CPA designation, and accounting background; and has been a core manager for over $125M in equity.

Nicolas Luna

Head of Operations & Marketing 


Nicolas has spearheaded operations, client acquisition and maintenance standards for various property management firms. With a background in Finance and Economics, he has founded and grown a full-service real-estate property management business to over 175 properties, specializing in portfolio management, leasing, real-estate investment consultation and sales. Nicolas’ strength is developing intuitive customer journeys, seeking opportunities to increase property listing visibility, and finding ways to leverage technology to streamline business operations.

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