Bay Area Home Listed for Trade in Anthropic Equity
A roughly 13-acre residential property north of San Francisco has entered the market in an unusual way: the owner is seeking to exchange the property for equity in the artificial intelligence company Anthropic.
The property owner is Storm Duncan, a homeowner and investment banker. He created a LinkedIn page specifically for the residence, stating his desire to “exchange the property for Anthropic equity.”
According to reports, Duncan describes this practice as a “diversification allocation” arrangement. He states that, considering the future importance of artificial intelligence, his current allocation to AI investments is relatively low, while his allocation to real estate is relatively high; conversely, a younger Anthropic employee may be in the opposite asset structure.
Regarding the transaction method, Duncan stated that interested potential buyers can communicate specific details with him via email. He also stated that this will be a private transaction and does not require buyers to directly sell their shares. According to his LinkedIn page, buyers will continue to retain 20% of the upside value of the exchanged shares during a lock-up period.
Public information shows that Duncan claims to be a long-term resident of the Bay Area, but moved to Miami during the pandemic. He purchased the property in 2019 for $4.75 million. Regarding the current use of the property, Duncan stated that a “well-known venture capitalist” currently resides there, but he refused to disclose their identity.
From the information disclosed in the report, this transaction is not a traditional listing sale, but rather a customized exchange attempt between unlisted tech company equity and high-end real estate. Against the backdrop of the continuing artificial intelligence boom, this practice also highlights that some market participants are reassessing the allocation weights between real estate and AI-related assets.