Resort Equities was founded in 2004 and is the brainchild of Managing Partners, Kimball Small and Keith Cox. Kimball and Keith, along with the Resort Equities team, represent over 50 years of collaborative real estate development, business, resort and hospitality experience.
“When we founded Resort Equities we thought it just made good common sense for people to share use of a luxury vacation home,” recounts Keith Cox, Co-Founder and Managing Partner. “We wanted to enable people to match the use they desired with their ownership interest in a multi-million dollar residence and enjoy all of the benefits at a fraction of the cost without all the hassles of managing a second home. Plus, we’ve created an exchange program so our owners can choose to trade one of their weeks to stay in other Resort Equities homes and destinations.”
Resort Equities prides itself on being a boutique shared ownership company - dramatically different from the big, impersonal fractional and timeshare outfits - headquartered in the San Francisco Bay Area. The company offers unique, sensible, luxurious ownership opportunities coupled with attentive personal service. Resort Equities differentiates themselves by selecting only the most discriminating properties in the most sought-after resort destinations and then offering a superior ownership program.
Up to 10 deeded, undivided ownership interests are sold in a select group of handpicked, magnificent residences for less than the price of a typical down payment. Better still, Resort Equities oversees the maintenance and management of the residences and all expenses are split among the co-owners - making ownership hassle-free and cost-effective. Plus, buying an interest affords owners the ability to exchange vacations at other participating, exclusive properties.
“We specialize in selling shared ownership interests in individual luxury vacation homes, which are professionally managed and outfitted”, Cox explains. “Our owners typically considered buying a second or third home but decided, for all the obvious reasons, that buying the whole residence didn’t pencil out.
Instead, owners live out the vacation home dream and have many weeks each year to enjoy their residence. Also, buying a piece of a Resort Equities residence feels like a smart, capital efficient decision, which is especially important during these economic times.”
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Tagged: boutique, Buying Fractional Ownership, Buying Fractional Property, fraction, Fractional Ownership, Fractional Property Guide, hawaii, Italy, Keith Cox, Kimball Smith, Lake Tahoe, luxury, ownership, Resort Equities, San Francisco, vacation
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