The equity residence fund has recently opened new homes. For a couple of these homes the fund did renovations after acquiring them, in order to bring them up to the funds standards. The homes represent a mix of beach, mountain and city residences for the exclusive use of investor members.
St. John, USVI
Acquired towards the end of 2018 by Equity Estates, this large five-bedroom oceanfront villa has been renovated and refreshed before opening for investors. This villa is made up of a three-level main home and a pool house/tower. With a classic Caribbean flair, pristine ocean views, a private pool and plenty of outdoor living space, the home is reminiscent of a small luxury resort.
“This residence is modern and spacious with tons of natural light. But its best feature is undoubtedly the extra-large balcony perched right above Cruz Bay. Watch the sun dancing on the water, boats going in and out, or the sunset from your own private vantage point. St. John has some excellent dining options, so definitely have your personal travel concierge arrange some reservations for you to enjoy during your stay. St. John is, and has always been, a favorite among my family!” noted one Equity Estates Investor.
Equity Estates CEO and Fund Manager Philip Mekelburg told us “It’s gorgeous. You can lay in bed listening to the lapping of the waves on the rocky beach, with its polished stones – it’s the most relaxing sound to sleep to.”
Telegraph Hill, San Francisco
In November the third fund procured an elegant two-bedroom San Francisco vacation apartment, situated on a quiet cul-de-sac on Telegraph Hill, right at the base of Coit Tower.
This residence was recently remodeled and has maintained its classic San Francisco charm including Edwardian-influenced cove ceilings, hardwood floors, amazing artwork and bay windows throughout. There are views from the bedrooms that stretch from the Financial District to Russian Hill.
“This residence is modern and lovely, but the location is what truly shines. Telegraph Hill is hip and trendy with an amazing mix of cool bars, restaurants, coffee houses and shops. It feels somewhat “off-the-tourist-grid”, however it’s still quite close to Fisherman’s Wharf and other attractions. I’ll never stay in another neighborhood!” said an Equity Estates Fund investor.
Equity Estates recently completed an extensive remodel of their top floor, corner condominium at the VailSpa in Lionshead Village. This contemporary home enjoys expansive southern views of the mountain and captures the bold essence of Colorado’s most popular ski town.
Philip told SherpaReport, “When the fund bought this home, our investors used it for the first ski season and then we did all the renovation over the summer and finished in October 2019, ready for 2019/20 ski season.”
With three bedrooms, three bathrooms and a spacious layout, it’s the perfect place to host friends or family. Its prime location puts you within easy walking distance to ski slopes, restaurants, entertainment and more.
The Vail makeover included:
- Bavarian Walnut Floors
- Custom millwork, and Italian interior doors
- Shou Sugi Ban siding fireplace (described as the ancient Japanese technique of preserving wood by charring it with fire)
- Steel/glass staircase
- Quartz Countertops
- Flexible dining/living floorplan
- Leather Upholstery
- Thermador appliances
- and designer finishes imported from around the world.
The building recently underwent a large-scale renovation and features an updated fitness room, steam room with sauna, indoor/outdoor heated pool, hot tub and more.
Philip noted that more than 500 families have invested with Equity Estates since the first fund was launched. The firm closed their third fund to new investors last year and opened up their fourth fund shortly afterwards. This latest fund plans to raise $50 million and acquire up to twelve vacation residences.