Ken Burrows, a veteran of the U.S. mortgage industry with nearly three decades of experience, is now leading a new real estate venture called KinLux. The project aims to acquire distressed commercial properties and convert them into high-occupancy group rental accommodations. KinLux has launched a dual-track capital raise of up to $50 million through both Regulation CF (crowdfunding) and Regulation D (for accredited investors), with an eventual goal of introducing blockchain tokenization into the ownership structure.
Burrows began his career in entrepreneurship at 19, later establishing a mortgage brokerage licensed in 13 states. In 2013, he and his family rented out their Lake Tahoe home during an extended road trip. That move inadvertently became the genesis of the KinLux concept. The income generated from renting their personal home significantly outperformed expectations, encouraging the couple to acquire and renovate additional properties as short-term vacation rentals.
However, in recent years, increasing restrictions from local jurisdictions on residential vacation rentals have altered the business model. “Most municipalities are pushing back against residential short-term rentals due to complaints from local residents,” Burrows said. As a result, KinLux has shifted its strategy to focus on commercial real estate.
The new model targets distressed commercial properties, hotels, motels, and similar assets, acquired at discounted rates (typically 60–70 cents on the dollar). These are then reclassified and marketed as group vacation rentals. The design targets mid-sized groups, with each unit offering five to seven bedrooms and a total occupancy of 20 to 25 guests through a mix of standard and pull-out beds.
Unlike traditional hotels, the rentals do not offer on-site staff. “We want to preserve that ‘family getaway’ feel,” Burrows said. “One group rents the whole space, cooks meals together, and enjoys a shared experience.”
KinLux intends to acquire five to seven such commercial properties with the funds from the current raise. Although no commercial property has yet been purchased, several are under evaluation in Lake Tahoe and nearby Markleyville, including an 85-acre ranch being considered for conversion into a “hobbit-style” themed campground.
To market the properties once acquired, KinLux will rely on established vacation platforms like Airbnb, VRBO, Booking.com, and Hotels.com. Bookings and property operations will be managed without full-time staffing at the individual properties. A lean back-end team will coordinate bookings, cleaning, and support.
The $50 million fundraising effort is being handled by Andes Capital Group. Burrows confirmed that $85,000 has already been raised via the Regulation CF route, with a larger marketing push set to launch within weeks. Two separate agencies have been contracted to market the offering to retail and accredited investor audiences, respectively.
In the longer term, KinLux plans to merge real estate operations with Burrows’ interest in blockchain.
“The future is digital. We’re planning to issue one token for every dollar invested,” he said. Initially, the tokens will exist off-chain as placeholders. When operations stabilize, expected within one to two years, the tokens will be minted on Ethereum or a proprietary chain in partnership with a platform like DigiShares. Burrows has had preliminary discussions with DigiShares but has not finalized any agreements.
The tokens will represent shares in the business, not equity stakes. Investors will receive quarterly profit-sharing distributions equal to 10% of net earnings, with the option to reinvest. The tokens are not yet designed for open exchange trading. Initially, a private marketplace will be established via CoreConnex, a trading and compliance platform used by KinLux.
Burrows describes the investor base as a “club” with limited governance rights. Token holders will vote on major decisions, including potential acquisitions and geographic expansion. Investors may also receive discounts or access to KinLux properties as part of their participation.
Though tokenization is not scheduled for at least 12 months due to regulatory constraints, KinLux has outlined a multi-phase roadmap. Following the commercial rollout and blockchain integration, a Regulation A filing is anticipated to pave the way for a public listing.
“This will be a steady approach,” Burrows said. “We’re avoiding speculative volatility. This isn’t a meme coin. As the business grows, so will the value of its digital instruments.”
At present, KinLux is fully pre-revenue on the commercial side, with operations, acquisitions, and blockchain integration all pending. Early investors are purchasing into a concept, backed by Burrows’ track record and the regulatory framework of SEC-compliant fundraising structures.
For now, KinLux combines a traditional property investment strategy with a long-term plan for digital integration, positioning itself at the intersection of real estate and tokenized finance.
