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The two Hampton graduates recently announced the closing of their $4 million fund. With a strong background in real estate and entrepreneurship, Carter and Butts are capitalizing on the multi-billion dollar global vacation rental market.
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Calvin Butts Jr. and Carrington Carter turned their love for traveling into a $5 million real estate company through the luxurious vacation homes they offer through their company: Getaway Society.
Meet the HBCU Grads who built a $5 Million Real Estate Portfolio for Vacation Rentals
Contributing to this growth is the $170 billion global vacation rental industry, which consists of property owners renting out their space to short-term travelers throughout the year.
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Getaway Society powered by East Chop Capital provides vacation homes in paradise
After first meeting at a Hampton University alumni event in 2013, business partners Calvin L. Butts Jr. and Carrington M. Carter realized they both shared interests in entrepreneurship, real estate, investment and travel. They later combined those interests through their vacation rental property business, Getaway Society, and their private equity firm, East Chop Capital.