Membership in the Equity Estates Fund grew to over 130 families in 2010. The fund has a portfolio of multi-million dollar vacation homes, which the member investors use for their family friendly vacation experiences.
“Our success in 2010, a perilous year for many in this industry, is a testament to our unique model and our commitment to creating outstanding vacation experiences,” said
Equity Estates added four new properties to its portfolio in 2010 including Anguilla;
At the start of 2010, the fund entered a reciprocity agreement with The Hideaways Club providing access to over 20 additional homes throughout Europe, Asia and
“Our growth this past year shows that our unique luxury residence fund model really resonates with individuals and families who want an unparalleled vacation experience with a sound investment opportunity, even in a market that is still recovering,” said Philip Mekelburg, co-founder of Equity Estates. “We are driven to deliver even more to our owner members in 2011.”
There are three investor levels. An Advantage Membership Interest requires a $549,000 capital contribution with annual dues of $24,750 for 45 nights a year, the Elite Membership Interest requires a $375,000 capital contribution with annual dues of $16,500 for 30 nights of usage, while the capital contribution for an Executive Membership Interest with 15 nights of usage is $210,000 with annual dues of $9,250. Overall 44 new families joined the fund in 2010, 25 of them in the last quarter of the year.