Rochester, NY – Elite Alliance®, the leader in exchange services for prestigious residence clubs and luxury, professionally managed vacation homes is pleased to announce that it has extended its partnership with investment fund Equity Residences to include their Platinum Fund. With premier destinations, such as Mauna Lani, Hawaii and Northstar in Lake Tahoe, California, the Platinum Fund boasts two to four million-dollar homes, offering a unique twist on real estate investing. Platinum Fund investors enjoy access to more than 80 luxury resort properties around the world through a 10-year membership with Elite Alliance.
In 2012, Equity Residences introduced a model in which clients invest in temporarily undervalued luxury real estate – while simultaneously using and enjoying the properties. After 10 years, the properties are sold, and investors receive their money back, plus any positive investment returns. The Platinum Fund, comprised of 20 future and current luxury vacation residences is launched after the overwhelming success of Equity Residences first fund, the Equity Villa Fund.
“The Platinum Fund represents some of the best locations in the world,” said Elite Alliance President Rob Goodyear. “The quality, service and amenities are a perfect fit for Elite Alliance.”
“Elite Alliance has been a great partner for Equity Residences” said Equity Residences Managing Director John Long. “We are thrilled to extend our partnership, providing access to our Platinum Fund investors”.
About Equity Residences
Equity Residences LLC sponsors and manages a family of unique private investment funds designed for the ownership and enjoyment of multiple vacation properties. The company’s focus is making vacation home ownership financially attractive – and attainable – by taking advantage of an unprecedented real estate investment environment.
To capitalize on this environment, Equity Residences has created the Equity Villa Fund and the Platinum Fund. The funds will acquire vacation properties at today’s low price points and subsequently sell the properties following an anticipated market recovery for positive investment returns, all the while allowing investors to enjoy the properties as owners. These private investment funds are based on the desire to enjoy and invest in a diversified portfolio of vacation properties, each offering personal vacation experiences, the comforts of a private vacation home and significant long-term investment growth potential.