For Immediate Release
February 20, 2014
Dallas, Texas – Elite Alliance®, the leader in exchange services for prestigious residence clubs and luxury, professionally managed vacation homes is pleased to announce that it has partnered with Equity Residences San Diego-based Equity Villa fund. Offering a unique twist on real estate investing, Equity Residences has introduced a model in which clients invest in luxury real estate which generates rental income to offset the Fund’s operating expenses and provides Fund partners with extraordinary vacations. After 10 years, the properties will be sold, and investors receive their money back, plus any positive investment returns.
Equity Residences’ homes join the global network of luxury residences in Elite Alliance which include destinations around the world, such as Napa Valley – California, Florence – Italy, Southampton – Bermuda, Great Exuma – Bahamas, Cabo San Lucas – Mexico, Deer Valley – Utah, La Quinta – California and Sedona – Arizona.
“We are excited to announce these new residences to our members” said Rob Goodyear, President of Elite Alliance, “the quality, service and amenities are a perfect fit for Elite Alliance.”
Current Equity Residence properties include a mid-century modern four bedroom villa in Palm Springs; a beautiful ocean-view villa in Maui, Hawaii at the Ritz Carlton Kapalua Resort; a luxury, waterfront, four-bedroom home in Longboat Key, Florida; a five-bedroom, rustic mountain villa in Deer Valley, Utah; and a top floor condominium in Mammoth Lakes, Calif. at the prominent White Mountain Lodge in The Village.
“The caliber of properties within Elite Alliance’s expanding portfolio coupled with their incredible member benefits and service is perfect for our equity partners,” said Equity Residences Managing Director John Long.
About Equity Residences
Equity Residences LLC manages a family of unique private investment funds designed for the ownership and enjoyment of multiple vacation properties. The company’s goal is to provide the most innovative and financially attractive vacation real estate investment vehicles on the market. To capitalize on this unprecedented real estate investment environment, Equity Residences has created the Equity Villa Fund and the Equity Platinum Fund. The Funds 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.
About Elite Alliance®
Elite Alliance is the leader in exchange services for prestigious residence clubs and luxury, professionally managed vacation homes. The simple exchange process transforms real estate ownership into a key that unlocks the door to seamless travel adventures – ski trips, golf getaways, beach escapes and much more – at a growing array of coveted destinations worldwide. Properties in the Alliance meet premium standards of quality, service, location and amenities. Elite Alliance members experience the luxury, convenience and personal attention they have come to expect, whenever and wherever they go on an Elite Alliance vacation.