SOURCE: Lifestyle Asset Group

Lifestyle Asset Group

March 24, 2011 09:00 ET

Lifestyle Asset Group Debuts Innovative, Debt-Free Collective Asset Ownership Model That Provides Equity in 12 Enviable Vacation Homes

Next Generation of Luxury Shared Vacation Home Ownership Maximizes Security and Provides Planned Exit Strategy

FORT COLLINS, CO--(Marketwire - March 24, 2011) - Lifestyle Asset Group today announced the next generation of luxury vacation ownership -- an LLC that allows 100 participants to collectively own debt-free 12 beautiful residences with an average value of $2.5 million for their use. With a one-time capital contribution of $300,000, each equity owner will enjoy seven years of access to the residences that are booked on a first-come, first-served basis. Equity owners have the option to transfer their interests at any time without penalties or fees.

As part of the Collective Asset Ownership (CAO) model, Lifestyle Asset operates in a debt-free environment by selling interest in legal structures, most often an LLC, as a means to create collective ownership of multiple real estate assets, thereby maximizing security. Lifestyle Asset purchases a collection of residences on behalf of the group then serves as the management company, enabling travel and maintaining the residences for the equity owners. At the end of the LLC's term, Lifestyle Asset will sell the residences and disburse the proceeds to the equity owners, who may then exit or join another unsubscribed LLC.

Led by CEO Richard Keith, Lifestyle Asset Group was founded by four leading experts in the vacation real estate and luxury travel sector who have over 30 years of combined experience. "Having been a member and CEO of vacation clubs, I was able to, with my colleagues, create a unique model that uses only the best attributes that will be easy-to-use and beneficial for each of our equity owners and their families and friends," said Keith. "Each of our properties is in a prime location that our equity owners will appreciate and want to return to over the length of the LLC."

Lifestyle Asset has attracted the attention of experts in the sector, notably the private residence club pioneer and fractional finance expert David M. Disick, Esq. "Lifestyle Asset Group is offering an incredible new and unique way of looking at vacation home ownership accommodations," said Disick. "My compliments go to them for their innovative thinking and their passionate devotion to owner satisfaction."

Equity owners have the option of joining unique regions -- currently Eastern and Western -- that include a mix of beach, leisure (e.g., golf), metropolitan and mountain locations. To maximize the amount of travel options and times available to equity owners, the regions are limited to 100 owners each. Eschewing all restrictions in travel -- unlike timeshares, fractional residences or private residence clubs which have a fixed, rotating, space-available system -- Lifestyle Asset offers superior travel flexibility.

Each equity owner receives 5,000 credits per year in exchange for $30,000 in annual maintenance costs and usage, or $6 per credit. Each night is assigned a credit value that varies by type of destination, property size, arrival day, and time of year. For example, a one-week stay at a four- or five-bedroom residence during New Years' week might require 1,600 credits whereas a five-night stay in a two-bedroom property during a value season might be 160 credits. Based on this model, equity owners can average between 30 and 40 nights of vacation a year. Equity owners have the option of booking a vacation in their non-home region for a premium.

To launch this new model, however, the Founders Offer includes access to both Eastern and Western Regions without reciprocity premiums or restrictions, and a higher pro-rata distribution of proceeds upon the sale of the regional properties. This Founder's program is very limited and is available on a first-come basis.

Currently available in the Eastern Region is the four-bedroom, 4,770-square-foot Antebellum mansion in Charleston, S.C. Located in the Old and Historic District, the restored, 200-year-old home blends historic preservation with just the right amount of modern conveniences. Owners will appreciate the 1,800 square-foot patio for outdoor dinner parties and late-night cocktails. Also available on day one is a five-bedroom, tropical residence in the Caletón Estates in Cap Cana. While staying at the Dominican Republic hideaway, owners and their families will enjoy member access to the Punta Espada Golf Club and Caletón Beach Club, with a terraced swimming pool, spa treatments, and full-service dining.

Future cities planned for the Eastern Region include: Turks & Caicos, BWI; Naples, Fla.; Chicago; Riviera Maya, Miami; Vail, Colo.; New York; Palm Beach, Fla.; Mexico; Asheville, N.C.; and Watercolor, Fla.

The Western Region includes an expansive, four-bedroom villa overlooking the Ocean Course, a Jack Nicklaus Signature Golf Course, in the Cabo de Sol premier residential community in Cabo San Lucas, Mexico. Amenities include a fire pit, infinity pool, swim-up pool bar and spa. Also available in the Western Region is the Blue Sky Lodge in Deer Valley, Utah. This beautiful luxury home features more than 6,700 square-feet with five-bedrooms and ski area views.

Future cities planned for the Western Region include: Napa Valley, Calif.; Maui; Monterey Bay, Calif.; Newport Beach, Calif.; Punta Mita, Mexico; San Diego; San Francisco; Las Vegas; Santa Barbara, Calif.; and Scottsdale, Ariz.

Equity owners will be able to explore destinations and residences, view floor plans, read dining and activity recommendations from fellow owners, manage reservations, order groceries for upcoming stays, and more on a private reservations website. Web functions will also be available via smart phone in late-2011.

To request more information on Lifestyle Asset Group, refer to its website at www.lifestyleassetgroup.com or call (970) 449-4292.

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