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ALTISOURCE ANNOUNCES WIND DOWN AND CLOSURE OF OWNERS.COM TO INCREASE FOCUS ON CORE BUSINESSES

Luxembourg, October 8, 2019 - Altisource Portfolio Solutions S.A. ("Altisource" or the "Company") (NASDAQ: ASPS), a leading provider and marketplace for the real estate and mortgage industries, today announced that it decided to wind down and close Owners.com’s operations. The Company believes that closing Owners.com supports its simplification strategy, eliminates the cash burn associated with this earlier stage business, and increases focus on the core real estate and mortgage businesses.

"Owners.com has been making encouraging progress in demonstrating that a better consumer real estate model based on technology and service may be viable," said William B. Shepro, Altisource’s Chairman and Chief Executive Officer. Shepro further commented, "However, as we continue to work to simplify Altisource and focus on our larger opportunities, we concluded that closing Owners.com is in Altisource’s best interests given the time horizon and level of additional investments needed in order for Owners.com to operate independently. I am proud of the very talented and dedicated Owners.com team and want to thank them for their contributions."
ACTIVE
201 days on Owners.com
Puu Poa #307
PRINCEVILLE, HI 96722
2 Beds
2 Baths
1,734 ft2
$1,650,000
Owners.com Estimate:
Estimated Payment:$6,196/mo

Set on a bluff overlooking Bali Hai and boasting spectacular views of the ocean and Hanalei Bay, Puu Poa #307 is a fully renovated, luxury condominium

All living space is in exceptional condition, beautifully furnished with an open, modern feel. Sellers have spared no expense in updating this coveted end-unit. <br><br>The unit offers a large gourmet kitchen with slab granite counters and top-of-the-line appliances. As one of only six third floor end-units, #307 features additional windows capturing views and ocean breezes. Enjoy views of Hanalei Bay from your kitchen sink! Master bath features a large walk-in shower with rain shower head, second bath has a bath tub and shower. Other upgrades include lighting, tile flooring throughout and A/C. Stay cool after a day of beach, hiking or golf in the sun! <br><br>#307 also features added living area in the finished Atrium, making it one of the largest floor plans available at Puu Poa. This stunning unit represents the ultimate in elegance and comfort. Enjoy the sounds of the waves from every room, sunsets from your private lanai, seasonal whale watching and more. <br><br>Well positioned next to the world-renowned Princeville Hotel, Puu Poa offers easy access dining, shopping and the Princeville Makai, Robert Trent Jones Jr. designed, golf course. Take the immediately adjacent footpath to secluded Hide Away beach great for snorkeling or surf, or stroll to the Princeville Hotel beach. Puu Poa also offers a heated pool and tennis courts on-site.<br><br>The unit is as a well-established vacation rental, and is being sold turn-key including the fine furnishings and decor, ready for your immediate enjoyment!

Property type
Condominium
Year built
1981
Parking
Space(s) - Unassigned
Price/Sqft
$952
MLS #
626399
Lot Size
0 sqft
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My NotesiThis is a place for you to write your thoughts and notes about this home. Only you will be able to see the notes.

My Home Features

Rooms

Bedrooms: 2
Virtual Tour: virtual tour

Bathrooms

# of Full Bathrooms: 2
# of Quarter Bathrooms: 0
# of Half Bathrooms: 0
# of Three Quarter Bathrooms: 0

Exterior

Pool: false

Building

Property Types: Condominium | Year Built: 1981 | Floors: Carpet

Garage & Parking

Parking: Space(s) - Unassigned

Lot

Lot size: 0 sqft | Zoning: RR-20

Location

County: Hanalei | Subdivision: Princeville | MLS #: 626399

Appliances

Appliances: Disposal, Dishwasher, Refrigerator, Range / Oven

Utilities & Security

Utilities: Power - Underground, Solid Waste Disposal - Included with Maintenance Fees | Sewer Service: Connected | Water Source: Private

Owners.com Estimated Value

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Listing provided by: Danette Andrews 

Listing courtesy of: Oceanfront Sotheby's International Realty |  (808) 826-7211 

Tools for buyers

Data provided by: Hawaii Information Service
Last detected update: September 09, 2019 01:18PM EST ~ Verified on November 10, 2019 06:52AM EST

Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
All information provided is deemed reliable but is not guaranteed and should be independently verified.

Note: Estimated payment calculations assume 20% down payment with loan terms of 3.86% fixed APR for 30 years.

Property is available to all persons, regardless of race, color, religion, sex, handicap, familial status, or national origin.
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