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Mammoth Residence Fund

Own a second home without a cost of maintaining one. Build memories together with your friends and family. Create family traditions in your luxury vacation home and travel the world when you are not there

Invest in a private equity fund with a defined liquidation timeline and a clear investment roadmap to create economic value for you and your family.

Introducing a better way to invest in a vacation home in one of the nation’s premier ski destinations.

Investment Story

Mammoth Mountain ski resort presents a perfect storm of an investment opportunity: while it is popular with Southern California residents in all seasons, it lacks a supply of large, luxury accommodations capable of hosting multiple generations of families and friends in one place. This is where Equity Residences comes in.

Mammoth Mountain has one of the longest ski seasons in the United States, often extending through May. Alterra Mountain Company’s ownership and anticipated investment in Mammoth Mountain over the next several years provides an investment upside.

We found an opportunity to work with a developer and offer our investors pre-construction pricing for a luxury residence in Mammoth Lakes.

2 Residences each with

  • bedrooms.svg 4 bedrooms
  • bathrooms.svg 4 bathrooms
  • square-feet.svg 2,720 square feet per residence

Amenities

  • hot-tub.svg Hot tub
  • private-storage.svg Private storage for your gear
  • private-club.svg Private club with gym, game room, hot tub, and a swimming pool
  • bedrooms.svg 4 bedrooms
  • bathrooms.svg 4 bathrooms
  • square-feet.svg 2,720 square feet per residence
  • hot-tub.svg Hot tub
  • private-storage.svg Private storage for your gear
  • private-club.svg Private club with gym, game room, hot tub, and a swimming pool

Investment Overview

Capital raise

$2,695,000

Minimum investment

$192,500

Projected net vacation value over 12 years

Up to $394,000

Family memories

Priceless

$2,695,000

$192,500

Up to $394,000

Priceless

Why Mammoth Residence Fund

Alternative to second home
  • Spend 42 days a year in mammoth.
  • Invite your friends and your family.
  • Send your business partners on a ski trip.
  • The home is yours with none of the hassle of owning a second home
Convenience

We handle the acquisition, management, disposition and concierge services for you and your fellow investors.

Shared Cost

Investors share the costs and benefits of ownership until the defined liquidation date.

Investment upside

Investors own equity in the homes and receive capital back when the homes are sold, including anticipated appreciation.

Travel the world with one Investment

Exchange your time at Mammoth to any of the Equity Villa Fund, Equity Platinum Fund, ThirdHome, or Elite Alliance vacations

  • Spend 42 days a year in mammoth.
  • Invite your friends and your family.
  • Send your business partners on a ski trip.
  • The home is yours with none of the hassle of owning a second home

We handle the acquisition, management, disposition and concierge services for you and your fellow investors.

Investors share the costs and benefits of ownership until the defined liquidation date.

Investors own equity in the homes and receive capital back when the homes are sold, including anticipated appreciation.

Exchange your time at Mammoth to any of the Equity Villa Fund, Equity Platinum Fund, ThirdHome, or Elite Alliance vacations

Frequenty Asked Questions

  • What is the Mammoth Residence Fund?

    The Mammoth Residence Fund is a real estate private equity fund that enables investors to own luxury vacation residences in Mammoth Lakes, California for long-term capital gains. The residences are located in Southern California’s premier ski resort near Meridian Blvd and Minaret Rd in the private, gated Obsidian development. As Limited Partners and equity interest holders, investors own the Fund residences and have a long-term interest in the homes’ expected appreciation. In addition to financial returns through appreciation, investors enjoy “rent free” vacations at these luxurious resort homes. The annual vacation savings create a lifestyle dividend and preferred return on the investment. Acquisition, management and disposition of the homes is handled for you by the General Partner, so investors can focus on enjoying time spent with friends and family.

  • How does the Mammoth Residence Fund differ from timeshares, fractional ownership or destination clubs or whole home ownership?

    Timeshares are typically a points-based or right-to-use, one-week product that are, in essence, a pre-purchase of future vacations. They depreciate dramatically upon purchase due to the extremely high marketing and sales costs imbedded in the price. Even at drastically reduced prices, resale options are very limited. Fractional ownership, including private residence clubs, does not provide a coordinated liquidation event. After project sellout all owners are responsible for their real estate sale and are competing with other fractional owners in the resale market. Many private residence clubs prohibit rentals that could help defray carrying costs. Most destination clubs are not equity investments. They sell a right-to-use membership requiring a significant deposit that is usually backed by the company’s promise to return a stated percentage of the deposit (often 75%). The deposit may or may not be secured by real estate assets. The only resale option is through the destination club company, which is highly motivated to sell company-owned memberships, not the members’. The annual membership fees of most destination clubs are considerable and do not provide a significant savings over rental of luxury homes. We’ve found that, on average, vacation homeowners use their second homes for 30 days or less out of a year but are burdened by annual maintenance, management and holding costs. If homeowners decide to rent their house, there are property managers and renters to deal with requiring extra time, effort and maintenance costs. The Mammoth Residence Fund provides second home ownership while eliminating all the hassles and most of the expense. The Fund will own and operate its real estate investments with a high probability of appreciation during the 12-year “hold” period. Like other real estate, it is possible to sell your Fund Units through a transfer, potentially at an appreciated price. Since we are a partnership, there is no ‘middleman’ structuring the transaction and requiring its own return on investment.

  • Why is the Mammoth Residence Fund preferable to making other investments and paying for my vacations?

    The value of your Fund vacations will far exceed the expected return of other low-risk real estate investments or expected returns from the equities markets. In addition, the vacation value is tax deferred, as opposed to using after-tax income to pay for vacations.

  • Why did you decide to create this new type of investment fund focused on a single location?

    Our Equity Platinum Fund and Equity Villa Fund own homes in multiple destinations and are focused on investors who want to diversify their travel. The Mammoth Residence Fund is focused on investors who prefer Mammoth as a frequent destination, want to make an investment that will grow in value over time, and don’t want the responsibilities of second-home ownership.

  • Why is the Fund structured as a limited partnership?

    The limited partnership structure allows investors to share ownership in the real estate with title held by the LP. In addition, the partnership structure limits the liability of investors with respect to the debts and obligations of the partnership, while providing an optimal tax structure for flow-through partnership gains and losses. The Fund will alternately use a Delaware Statutory Trust to accommodate 1031 tax deferred exchanges if investor demand warrants it.

View FAQs
See the Equity Platinum Fund homes
An accredited investor is someone who earned income that exceeded $200,000 (or $300,000 if married) in each of the prior two years, and reasonably expects the same for the current year; OR has a net worth over $1 million, either alone or together with a spouse (excluding the value of the person’s primary residence).