The two new additions to Equity Residences’ Equity Platinum Fund portfolio expand travel options for investors who enjoy mountain and beach vacations. The private equity fund continues to grow with new luxury homes in Vail, Colorado, and Little Exuma, The Bahamas.
Managing Director Greg Salley told SherpaReport that after surveying investors to determine their top choices for additional vacation destinations, the fund selected these homes to enhance the variety of travel experiences while identifying them as attractive investment opportunities.
Before becoming available to Platinum fund investors, the homes underwent significant upgrades to bring them up to the luxury and comfort standards that are required for all properties in the Equity Residences portfolio.
Mountain Home in Vail, Colorado
Located in the heart of the Rocky Mountains, one of the newest additions to the Equity Platinum Fund provides broad mountain views and access to the nearby ski slopes at Vail and Beaver Creek Resorts. In addition, investors will have two VIP parking passes and a locker at the slope-side Manor Vail Lodge, which is located only 10 minutes away.
Vail offers plenty of outdoor activities during the warmer months. Hiking, kayaking, and fishing are among the investors’ favorite things to do in the area said Greg Salley. For those who would rather relax at home, amenities include an outdoor hot tub, fireplace, chef’s kitchen, and plenty of communal space to enjoy with friends and family.
The 3,200 sq ft five-bedroom home was upgraded with luxury furniture, bedding, and decor to comply with the quality of other homes in the portfolio.
Beach Home in Bahamas
The Platinum Fund’s new home on Little Exuma is perched on a low bluff overlooking a private crescent beach, shared with just 4 other luxury vacation homes.
The Equity Residences team made value-add upgrades over 3 months that included the addition of a private beachfront pool, stylish décor, kitchen remodel, and a fifth bedroom. The open floor plan offers water views from either the indoor or outdoor kitchen or while lazing by the infinity-edge pool.
The home just recently opened for Equity Residences investors.
As with all other Equity Residences homes, the concierge team can organize an array of vacation activities or just provide ideas and recommendations. Some popular options include fishing trips, boat charters around the many cays and islands, or multiple water activities. And it's just a short drive to Exuma’s capital of George Town for its shopping and dining.
Greg Salley told SherpaReport that these two new homes are the 10th and 11th homes in the Platinum Fund. The 12th home is already under contract in Florida. Overall the fund to plans to raise $50 million and acquire up to 25 multi-million dollar luxury vacation investment homes for the fund investors.
Under the Equity Residences model, investors have first access to make reservations at the homes, then other time is rented to third parties to help offset the operating costs.