Fractional Ownership News
Equity Estates on track for another growth year
Equity Estates, North America’s largest destination club fund, announced today that figures from January through June 2010 indicate that the company is on track for another year of growth. Equity Estates grew by more than 50 percent in both 2008 and 2009 and based on current interest levels from prospective owner members, the Fund anticipates that the second half of 2010 will be its most successful six months to date.
“We are finding that people recognize that it’s a great time to buy real estate, but they don’t want to buy a second or third vacation homes at $3 million a pop,” said Adam Capes, co-founder and President of Equity Estates. “Because the Equity Estates luxury residence fund offers outstanding vacation experiences in multi-million-dollar homes around the globe, those who are ready to buy into both real estate and a lifestyle choice find that Equity Estates is the ideal fit for their needs.”
Based on current growth numbers, Equity Estates anticipates adding several new residences to their portfolio by the end of the year including Anguilla; Paris, France; Costa Rica; Aspen/Snowmass, Colorado; Napa Valley, California; and Playa del Carmen, Mexico. The Fund is targeting oceanfront and ski-in/ski-out properties in particular based on membership feedback.
This year, Equity Estates owner members have experienced unparalleled vacation experiences in destinations across the globe. Recent owner member vacations have occurred in incredible international hotspots such as Algarve, Portugal; Florence, Italy; and Marrakech, Morocco. Equity Estates owner members have also enjoyed stateside vacations including Maui, Hawaii; Hilton Head, South Carolina; Telluride, Colorado; and many more.
“With Equity Estates, I am always assured of the same quality and service across the destinations, which makes for one less thing to think, or worry about,” said one Equity Estates owner member who recently returned from a vacation with his family at the spectacular Equity Estates Turks & Caicos 4 bedroom penthouse residence. “And there is absolutely pride and comfort knowing that we literally own a share in the homes where we are staying.”
With the Fund’s growth pattern holding strong, new destinations on the horizon and interest from prospects at its highest level since the economic downturn, Equity Estates is poised to finish 2010 with its strongest year in history.
“We are on the precipice of an unparalleled two quarters in terms of membership growth, adding additional residences and owner member vacation experience satisfaction,” said Capes. “We could not be in a better position to finish 2010 as our strongest year ever.”
Equity Estate's CEO and Managing Member, Philip Mekelberg will be joining a host of experts on the Destination Club panel at Fractional Summit USA www.fractionalsummitusa.com- click to book your tickets now.
www.equityestates.com
23/08/2010
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