You can book homes for your friends and family with credits. Space available privileges are exempt from this rule.
Please watch this VIDEO to learn how your family and friends can use credits to book homes.
Equity Residences Investment Model: Your FAQs Answered
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Are we able to book homes for our family/friends using our credits, and do we need to be present as well?
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How does the residence selection process work? Can you share examples?
In December, we send out reservation forms to book the next reservation year’s holidays up to 16 months in advance. This is the time to select New Year, Christmas, Fourth of July, and regional holidays such as President’s Day at ski homes and Palio in our Siena home. Our reservation year runs from October 1 to September 30 every year.
In June we send reservation forms to book weeks 4-12 months in advance. That includes busy times like Spring Break and normal weeks when you just want to travel.
Both times we send out reservation forms to investors, and investors have three weeks to get back to us with preferences. We ask you what your priority (preferred) visits are, preferred dates, and alternative dates and locations (if any). This way, we can put a schedule together like a puzzle and accommodate about 98% of all investors for their preferred visits. If there is a conflict, we reach back out to you and work to resolve it.
You can always book residences on our partner portal on the first-comer first served basis outside of the by-annual reservation process.
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What is an investment unit?
Please watch this VIDEO to learn more about investment units.
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How many extra credits can you purchase each year?
Up to 40 credits at $85 each.
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Will the fund homes be available when I want to use them?
Fund residences are reserved for investors using a personalized reservation process, and our low investor-to-residence ratio ensures ample availability. In addition, investors have priority access ahead of our high-net-worth renters, resulting in limited conflict relative to other luxury home investment models that typically have high member-to-residence ratios.
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Do investors have reservation priority in the homes owned by their fund?
Yes.
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Can I reserve a fund home for a vacation that is longer than one week?
You can reserve a fund home for longer than one week provided you have sufficient credits and the home is available.
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What are the space available visits?
“Space available” means you can book homes in your own fund with 0 credits. Space available visits within the fund vary. For the fly-to destinations like Hawaii, these windows are 30 days. For drive-to, like Tahoe, range from 3-14 days depending on the season. You will still pay a visit fee that starts from $295 per stay.
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What is the cost per night at an Equity Residences home?
Investors do not pay a nightly lodging fee, only a housekeeping fee. However, extrapolating by dividing the annual operating fee by investor vacation use, the cost per night ranges from $199 to $550 for luxury vacations that would typically rent for $1,600 to $1,700 or more per night. Our industry-best nightly cost is attributed to our rental income and our industry-low syndication costs. For a personalized calculation get in touch with us and tell us how you vacation.
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What are the Investment, Utilization, and Liquidation Periods?
- Investment Period: the time allocated to raising capital for the fund, acquire residences, and launch operations. This phase typically lasts 4-5 years, depending on the fund size.
- Utilization Period: begins once the Investment Period is complete and typically lasts 10 years. During this time, the fund is fully operational, allowing investors to enjoy utilization of the properties.
- Liquidation period: follows the Utilization Period and is the time during which we sell the homes and distribute the sales proceeds – invested capital plus appreciation – to investors.
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Equity Residences LLC
500 Westover Drive #12169, Sanford, NC 27330
Tel: +1-619-796-3501
Email: info@equityresidences.com