Equity Residences Achieves Record Growth with 12 New/Remodeled Homes

The manager of luxury vacation home funds, Equity Residences, has been on a strong run, adding or remodeling a dozen homes for its fund shareholders. This number of homes marks an all-time high in the company's growth and expansion.

These homes are spread across Hawaii, Mexico, Costa Rica, the Caribbean and Europe.

Turks & Caicos

Owing to the popularity of the Turks and Caicos with Equity Residences’ investors, the fund added a 6-bedroom Thompson Cove villa on Providenciales to the portfolio. This beachfront home has undergone a complete renovation to transform it into a stylish modern retreat. The upgrades include new cabinetry, countertops, modern doors, windows, and state-of-the-art kitchen appliances. The interiors feature modern furniture and local art, creating an inviting and contemporary atmosphere. Located directly on a beautiful stretch of white sand beach, it also features sunrise/sunset views from the upper deck.

Anguilla

Additionally, Equity Residences has expanded its Caribbean portfolio with two new villas in Crocus Bay, Anguilla, each offering spectacular sunset views and a sandy beach with a restaurant and water activities center. The addition of a large great room, and a sixth bedroom with an ensuite bathroom transformed each of them into an elegant tropical villa that caters to large families, ensuring comfort even during inclement weather. The first of these homes was added to the Platinum Fund and the second villa was added for Platinum Fund 2. Both renovations are complete, and both homes are available to the Fund investors.

Hawaii

Responding to strong investor demand for its current Mauna Lani Resort home, Equity Residences added two new 3-bedroom homes in the resort on Hawaii’s Big Island. These homes are designed to offer the ultimate experience in luxury Hawaiian living, with stunning sunset and mountain views and access to the Francis H. Brown Golf Course and the private Mauna Lani Beach Club, among other amenities. The villas feature spacious indoor and outdoor living areas, large gourmet kitchens, private pools, and the private beach club is perfect for the entire family with its calm water and great snorkeling. Both homes are elegantly furnished with modern Hawaiian decor, blending traditional elements with contemporary style. Again one home is in the Platinum Fund and the second villa was added to the Platinum Fund 2, and both are available for use by investors.

Nuevo Vallarta, Mexico

The Equity Platinum Fund has also added a newly constructed beachfront villa in a resort development in Nuevo Vallarta, Mexico, further expanding the tropical luxury options available to Equity Residences investors and guests. The six-bedroom home in Nuevo Vallarta offers breathtaking views of the Pacific Ocean, with expansive terraces perfect for outdoor dining and relaxation. It has resort amenities including pools, a gym, and a business center in addition to a private hot tub and plunge pool. The home is designed with an open floor plan that seamlessly integrates indoor and outdoor living spaces, both adorned with high-end finishes utilizing locally sourced materials, enhancing the home's luxurious appeal.

Reserva Conchal, Costa Rica

In Reserva Conchal Costa Rica, two new 5-bedroom penthouses will be added to the portfolio in the fall of 2024, each offering panoramic views of the Pacific coastline and lush Costa Rican forests. These penthouses feature spacious living areas, modern kitchens with top-of-the-line appliances, and private balconies with plunge pools that provide the perfect setting for enjoying the sunset. Guests can also enjoy access to the resort's amenities, including a private beach club, a world-renowned Robert Trent Jones golf course, and exquisite dining options.

Mykonos, Greece

Expanding its European presence, Equity Residences has added three new villas in Mykonos, Greece. Each villa offers breathtaking sunset views over the Aegean Sea and neighboring islands Tinos and Delos. The two three-bedroom villas and one five-bedroom villa, feature luxurious living spaces, outdoor pools, large verandas with pergolas, and modern amenities. These villas provide an ideal setting for those seeking privacy, peace, and quiet.

All three villas are ready for use by fund investors, after going through some upgrades. Greg Salley Managing Director of Equity Residences says “The reason why we bought in Mykonos is investor demand. Since at least 2018, we have had investors list the Greek Isles as their top priority in Europe. So, when we found the right options for the funds, we decided to pull the trigger.”

Barcelona, Spain

Equity Residences also has added a luxurious, historic 6-bedroom apartment in Barcelona, Spain, located in the exclusive L’Eixample Dreta neighborhood. This grand apartment is within walking distance of top attractions like Plaça de Catalunya, Sagrada Familia, and Passeig de Gràcia. The recent renovations enhance the investor experience with expanded kitchen and living areas, and bedrooms with ensuite bathrooms. These updates will create open, inviting spaces, significantly boosting comfort, functionality, and visual appeal for a fulfilling vacation experience in this world-class destination.

With all these recent acquistions, the original Platinum Fund is now fully invested, having raised $56m and bought 23 homes for investors to use. The newer Platinum Fund 2 is still open with shares starting at $218,500.