The Nabe

"It's everything, and like nothing that exists."

One world, one community.

Compass International Holdings — Confidential

Prepared for Compass International Holdings leadership · 2026

The Truth No One Says

02 / NN

The gap the whole industry feels but nobody names

Real estate pours itself onto
every platform. None of it is real.

Agents are on Instagram. On TikTok. On Facebook. On YouTube. Every platform but one that was actually built for this. And it amounts to nothing — rented attention on someone else's stage, for someone else's algorithm.

Today

An agent posts a listing on Instagram. The algorithm buries it. Strangers see it. Neighbors don't. Nothing happens.

Also today

Buyers research neighborhoods on Zillow. They get a search box. They get a database. They never get a feeling for what it's actually like to live there.

"We sell homes for a living. We've just never had one ourselves — online."

Aggregators Are A Thin Slice

03 / NN

The category isn't wrong. It's just a thin slice of what's possible.

Zillow owns the search moment.
That's about 10% of real life.

Real estate runs on 90s technology — a search box and a database. We've just gotten used to it. The portals digitized the newspaper listings. No one has actually reinvented real estate since. Nabe is the first thing that isn't.

The active search moment — when someone is deliberately hunting for a home — is roughly 10% of a person's relationship with where they live. The other 90% is right now: their morning walk, what's happening on the block tonight, neighbors they haven't met, the café they found last weekend.

That 90% — where people actually live — has no home online. The foundation is unclaimed.

10%

The search moment — what portals own

90%

The foundation — unclaimed, unbuilt, waiting

What Nabe Is

04 / NN

The home real estate never had

Not social media. Not a real estate app. Not a community platform.
All of it. And something new.

Nabe is the real home for neighborhood life and real estate — one layer, open to the whole world. It's the place where what's happening on your block right now and who's selling the apartment down the street live together, the way they do in real life.

Every time we try to put it in one category, we sell it short. It's the neighborhood feed, the events calendar, the local intel, the listings, the agents — and the connections between all of them.

Innovation Synergy Multi-faceted revenue

Everything It Does

05 / NN

The 90% — open to everyone

One place for everything that makes a neighborhood real.

This isn't a platform for people searching for apartments. Most users never are. It's for the 90% — residents, newcomers, locals, and visitors — living their neighborhood every day.

Neighborhood Feed

What's happening right now on your block — posts, photos, updates.

Events & Calendar

Every community event, block party, and weekend plan — RSVP and go.

Right Now

Live pulse of the neighborhood — what's open, what's happening, what just changed.

Groups

Building groups, running clubs, interest communities — organized, not scattered.

Local Spots & Map

Every café, gym, market, and hidden gem — with the block's actual take on it.

Marketplace & More

Neighbors helping neighbors — find services, sublet, connect, meet people.

Live moment hubs. When the Knicks are in the playoffs and watch parties cancel last-minute, streets close, and new ones pop up — all of it lives here in real time. One place. The neighborhood's source of truth. This is an ownable behavior no other platform has. The World Cup hub is already in the app today.

Off The Screen, Into Real Life

06 / NN

The anti-doomscroll differentiator

Every other platform keeps you on it.
Nabe gets you off it.

Social media is designed for attention loops — you scroll, you keep scrolling, you never go anywhere. Nabe is designed for the opposite: you engage, you go, you meet, you belong.

01

You see what's happening

A block party tonight two streets over. A running group that meets Saturdays. A newcomer asking for the best coffee spot.

02

You connect online

You RSVP. You reply. You introduce yourself. The relationship starts on the platform — warm, real, local.

03

You go together

You meet in real life. You go to the party. You run together. You find a partner. The neighborhood becomes yours.

"This is a way to make people happy, engage them — and then get them off the platform and into real life. They go together."

Nabe neighborhood map — discover what's nearby

The Real-Estate Foundation

07 / NN

Where real estate finally lives for real

Listings in the context of actual neighborhood life.
Context sells.

One of the best things you can do in real estate is still put a sign outside a window. The practice is stuck in the 70s; the tech — a search box and a database — is stuck in the 90s. Nabe turns the whole neighborhood into the sign. Always on. Alive. Digital.

A bare listing is a box with a price. Surround it with living context — the café around the corner, the block's energy, the running group, last weekend's fair — and three things happen at once:

Desire

Buyers pay more for a place they can already picture their life in.

Understanding

They "get" the area faster. Less hesitation, quicker decisions.

Trust

It feels real, not staged. Trust accelerates deals and reduces fall-throughs.

Listings in neighborhood context Building intel + resident reviews "What they don't tell you" Ask-a-Local-Agent Agent as trusted local figure

What It Does For Agents

08 / NN

The home their social efforts never had

Relationship-gen, not lead-gen.
The agent becomes the neighborhood.

Without Nabe	On Nabe
Vanity posts on IG/TikTok that go nowhere	Real local reach that converts — the platform is built for it
Paying Zillow's lead tax for cold, rented leads	Warm relationships that compound daily — pipeline by default
Relevant only at the transaction moment	The recognized local figure on their blocks, year-round
Listings as bare boxes — low differentiation	Listings inside actual neighborhood life — they stand out, pre-sell the area
Generic market knowledge, commoditized	Building intel + Ask-a-Local-Agent → most knowledgeable person in the room

A defensible sphere that compounds. The agent's neighborhood relationships grow over time — portable, owned, not rented from a portal.

Relationship-Gen, Not Lead-Gen — Live

09 / NN

The agent relationship starts here — not at the transaction

Find your agent. Connect. See them in action.
Relationship-gen, not lead-gen.

Anyone can discover and connect with their agent on Nabe — a developer scoping a neighborhood, a newcomer finding their footing, a buyer checking out a listing for the first time. The flow is the same. One tap starts a relationship that compounds.

Step 01

Browse a listing. Find your agent.

A developer researches the block. A newcomer checks the neighborhood. A buyer browses listings. On Nabe the listing is surrounded by real neighborhood life — and every listing surfaces the agents who know it best, ranked by local reputation.

Not a portal search box. Not a cold lead form. The agent is already part of the neighborhood.

Listing in neighborhood context Agent ranked by local reputation Building intel visible

Choose your agent

Screenshot captured in next build stage

Step 02

Tap once. You're connected.

No cold form. No portal lead submission. One tap to the agent's Nabe profile — real local presence, neighborhood posts, building intel. Message them directly. The relationship starts warm, because they're already your neighbor on the platform.

This is the warm pipeline that portals will never have. It exists because the agent was here already.

Agent's local profile Direct message, no lead form Warm from the first tap

Connected

Screenshot captured in next build stage

Step 03

See what your agent posted. They're already here.

Scroll the feed and your agent is already present — not selling, just living in the neighborhood. A photo from the block party. A tip about the new café. A market update tied to a specific building. Year-round presence, not just a transaction moment.

"Relationship-gen, not lead-gen." Stop renting cold leads. The pipeline is warm by default — because the agent was already a trusted neighbor before anyone picked up the phone.

Agent posts in the neighborhood feed Year-round presence Trust built before the transaction

Anyone — a developer, a newcomer, a buyer, a renter — starts this journey the same way. The agent earns the relationship before the transaction, not because they paid for a lead, but because they showed up every day. That is the pipeline portals will never have.

Why Only CIH Can Build This

10 / NN

The one unfair advantage no amount of VC can buy

Compass International Holdings already has
what every consumer platform dies trying to get.

The cold-start problem is the hardest thing in consumer platforms. You need people to make it valuable, but it's not valuable until people are on it. CIH solves this on day one — the agent network is the seed layer that activates every market. That's the moat. And it's not replicable.

Why everyone else can't:

Portals

Aggregators — transactional DNA

Zillow/StreetEasy own the search moment, not the relationship. Their DNA is listing transactions, not community. They can't build this without destroying what they are.

Nextdoor

Community, no RE — and declining

No agents. No real estate integration. No professional monetization layer. And actively losing relevance as a community platform.

Big Tech

Won't touch real estate

Facebook, Google, Apple — all tried and retreated. The regulatory complexity, the trust requirement, the hyper-local depth. They won't be back.

The CIH Synergy

1+1=3

The Compass International Holdings fit

CIH's full international agent network = instant distribution + trust, cold-start solved on day one
CIH gives Nabe distribution that money can't buy; Nabe gives CIH the everyday consumer relationship it can't build alone
Every CIH agent becomes more valuable — not just at the transaction, but year-round
Compass International Holdings is the industry's cutting edge. This is the new edge to own.

A New Layer CIH Owns Outright

11 / NN

Not a feature. A foundation.

The most important layer in real estate —
and the most important one to keep in-house.

This isn't a product Compass International Holdings builds and ships. It's a layer the whole industry — and neighborhood life — runs on. Whoever owns it owns the consumer relationship that every other part of real estate depends on.

01

Defensible moat

Community + agents + RE data in one place. No competitor can replicate the combination. It compounds with time — data, relationships, and trust grow the longer it runs.

02

New asset — not just a feature

This is a new business line, not a product addition. A platform with its own life, its own users, its own revenue — that also makes every CIH agent and every CIH transaction better.

03

CIH agents claim their neighborhoods first

Because CIH seeds the platform, CIH agents are the founding local figures in every market. By the time it opens wider, they're the established neighborhood authority — a compounding advantage that grows with every day of head start.

"This further differentiates Compass International Holdings from any other company or entity."

What CIH owns

The daily consumer relationship — not just the rare transaction
The neighborhood data layer — richer than any portal
The agent-as-local-figure positioning — exclusive at launch
The platform every agent, developer, local business, and resident uses
A new revenue layer that doesn't exist anywhere else in RE

Who Uses It

12 / NN

The platform for everyone — led by real estate

From brokers to block parties.
One world, one community.

The RE trio leads: these are the power users who get the most value on day one. Then every resident, newcomer, local business, and journalist who makes the neighborhood real — the 90% that turns this into a foundation, not a niche tool.

RE Trio · 01 of 03

The Broker & Agent

Posts listings. Builds a local reputation. Becomes the trusted neighborhood figure year-round — not just at the transaction moment. The warm pipeline portals will never have.

Today	On Nabe
Vanity posts on IG/TikTok — nowhere to go, no neighborhood context	Trusted local figure on their blocks, posts that reach the right people
Paying Zillow's lead tax for cold, anonymous leads	Warm relationships that compound daily — pipeline by default
Relevant only at the rare transaction moment	Year-round presence: listings, tips, market intel, neighborhood life

Relationship-gen, not lead-gen Agent-ranked by local reputation Ask-a-Local-Agent Building intel & "what they don't tell you"

RE Trio · 02 of 03

The Real Estate Developer

Scopes neighborhoods. Announces projects. Engages the community directly — a real channel to the people who live there, not PR guesswork into the void.

Today	On Nabe
No direct line to the neighborhood — PR guesswork, press releases nobody reads	Announce projects, gauge sentiment, engage the community before breaking ground
Listings in bare-box portals — no context, no neighborhood story	Projects inside actual neighborhood life — desire, trust, faster absorption
Area research = stale portal data + offline legwork	Live pulse of every block: what's hot, what's changing, who's talking

Neighborhood-level intel, live Projects announced in community context Direct community channel Listings in real neighborhood life

Nabe neighborhood map — developer scoping view

RE Trio · 03 of 03

The Regular User — Future Customer

Not searching for a home — yet. Lives in the neighborhood, uses Nabe every day for the feed, events, and local life. And when they're ready to move, the agent they've already been following on the platform is the first call they make.

Today	On Nabe
Scattered across apps — no single place for the neighborhood	The pulse of the block: feed, events, local spots, neighbors — one place
Finds an agent cold when they finally decide to move	Already following a local agent for months — the relationship is warm before the search starts
Browsing Zillow in "just looking" mode — no real engagement	Naturally exposed to listings in the context of where they already live

Organic RE pipeline — no cold outreach Neighborhood feed + events daily Listings in daily life context Agent trust built long before the transaction

The 90% · Resident

The Everyday Resident

Lives here. Loves it. Opens the app over coffee to see what's happening two blocks over. RSVPs to the block party. Plans the weekend. The core of the 90% — and the reason the platform has gravitational pull.

Today	On Nabe
Nextdoor complaints and parking posts — no positive neighborhood life	The real pulse of the block: events, neighbors, spots, what's happening right now
Scattered across group chats, Facebook groups, and nowhere at once	One place — everything the neighborhood does, organized, alive, local
Missing what's happening two streets over	RSVP, go, meet people, make the neighborhood theirs

Neighborhood feed + Right Now Events & calendar — RSVP and go Local spots & hidden gems Building community, not just consuming it

The 90% · Newcomer

The Newcomer

Just moved in. Doesn't know anyone. Nabe is the door that was already open — make friends, find the running group, discover the block, even meet a partner. Instantly plugged in before they've unpacked.

Today	On Nabe
Lonely, no foothold — the city is enormous and impersonal	Instantly plugged into where they live — neighbors, events, groups, local intel
Googling "best coffee near me" and getting aggregator ads	The block's actual opinion — curated by people who live there
Meeting people only through work or dating apps	Make friends, join groups, meet people around the corner — real life, not swiping

Meet people on your block Groups, events, connection Local intel from real neighbors Explore what's around you

The 90% · Local Business

The Local Business & Service Provider

The café. The plumber. The trainer. Discovered by the people 10 blocks away who are actually their customers — not algorithmic strangers. Part of the community, not just listed on it.

Today	On Nabe
Yelp reviews + Google ads — no real loyalty, no neighborhood presence	Discovered organically by neighbors — people who walk past every day
Chasing likes on IG to build local reach — wrong audience	Posts reach people within 10 blocks who are actually potential customers
No connection between online presence and foot traffic	Part of the neighborhood fabric — trusted, recommended, found

Discovered by real neighbors Vault — neighborhood-curated spots Community presence, not just listings Organic local reach that converts

Nabe explore — local spots and businesses

The 90% · Media

The Journalist & Local Writer

Covers the neighborhood. Chases stories. On Nabe, the neighborhood's real-time story is already in one place — what's happening, who's talking, what just changed on the block. The source of truth for local coverage.

Today	On Nabe
Piecing stories together from Twitter, Facebook groups, tip lines	The neighborhood's real-time story in one place — feed, events, sentiment, people
Chasing sources with cold emails and DMs	Community is already there — accessible, engaged, talking openly
Missing what's happening on the block right now	Live pulse of the neighborhood: what changed, what's trending, who to talk to

Real-time neighborhood feed Community intel + sentiment Live moment hubs — Knicks, World Cup, block events The source of truth for local coverage

Nabe feed — real-time neighborhood story

Model & Scale

13 / NN

Open to everyone. Monetized at the professional layer.

Williamsburg first. Then NYC.
Then everywhere.

The core principle

Residents are always free. The platform grows on community — not paywalls. Value capture comes from the professional and credibility layers, not the people who make the neighborhood real.

Layer 1

Professional subscriptions

Agents and service providers pay to be present, authoritative, and discoverable on the platform. Lower cost, higher conversion than portal lead-buying.

Layer 2

Verified credibility tier

Anyone can pay to be verified — posts carry more weight, identity is confirmed. Open to the whole community, not just professionals.

Layer 3+

The foundation unlocks more

Premium agent tools, partnerships, marketplace, data insights — because it's a foundation not a feature, new revenue lines open as the platform grows. Most of these don't exist for anyone else in the space.

Scale path

01

Williamsburg, Brooklyn

Launch market. Hyper-local, high-density, high-energy. A neighborhood built for this product.

02

New York City

Greenpoint, East Village, and beyond. The densest RE market in the country.

03

National — then international

Powered by the CIH network, every new market comes with instant distribution and trusted local agents on day one.

The multi-billion foundation. This isn't a niche product. It's the layer the whole RE industry — and neighborhood life — runs on. The TAM is every neighborhood, everywhere.

The Ask

14 / NN

What we're proposing to Compass International Holdings

Build this together.
As a new foundation — not a feature.

Structure

Separate entity — Nabe is its own company, not a Compass internal product. Independence is what lets it grow beyond RE.
Compass International Holdings as strategic partner — not just an investor, but the distribution engine and the reason the platform wins from day one.
CIH agents as the distribution layer — the founding local figures in every market we launch, ahead of everyone else.

The CIH founding-market advantage

Because CIH seeds the platform, CIH agents claim their neighborhoods before anyone else. They're the established local authorities when the platform opens wider — a head start that compounds into a defensible, portable sphere. The precise terms are a live conversation; the principle is directionally clear.

Why this, why now, why CIH

Innovation

The next edge

Compass International Holdings has always been the cutting edge. This is the new edge — the logical next step to stay there.

Synergy

1 + 1 = 3

CIH gives Nabe what no VC can buy. Nabe gives CIH what no portal will ever offer. Together, it's something neither could build alone.

Revenue

A new business line

Not a feature add. A platform with its own scale path and multiple revenue layers — anchored by the CIH relationship, open to the world.

Why Now

15 / NN

The window is open. It won't stay open.

Innovation is what drives our industry forward.
This is the next step.

The foundation is unclaimed. The technology exists. The neighborhood social behavior is real and growing. The only question is who builds it — and whether Compass International Holdings is the one to stay ahead of every other company in this industry, or the one that watches someone else do it.

"If not us, somebody else is going to."