“Initially I was looking at some of the other options out there on the marketplace. But really as I started to dig deep realized there really is no comparison to Equity Residences.”

Initially I was looking at some of the other options out there on the marketplace. But really as I started to dig deep I realized there really is no comparison to Equity Residences. With this particular fund we in fact are equity owners and we expect a healthy ROI once all of the assets are liquidated. The managing partners have done a really deep dive analysis on all the luxury markets around the world. And when they really looked at what investments they were going to make they were actually, in most cases, more knowledgeable than even the realtors that were selling the properties. The Equity Residences guys have done their homework, and they know what it is that they are going to buy. Another component that they’ve built into their analysis is how well these properties are going to rent on a VRBO basis. So they are looking for truly workhorses in the asset portfolio.