Rethink Vacation Home Ownership

Introducing My Vacation Home, LLC

Not a Timeshare or Fractional Offering, this is True Vacation Ownership on Your Terms

Since 2013 Lifestyle Asset Group has been a pioneer in Collective Asset Ownership, where you, along with a few other like-minded investors, enter into a limited real estate partnership to own debt-free a luxury property and only pay your portion of the total ownership costs. If you love vacationing in magnificent settings, My Vacation Home LLC may be the right investment for you and your family.

The Lifestyle Asset Group Difference

No Price Markup

Contrary to other shared ownership programs, shareholder’s LLC capital contributions are determined by the actual cost of the residences without traditional fractional real estate developer markups. This means your acquisition costs are substantially lower, thus providing for greater potential for appreciation in the value of your LLC interest over the 7-year term.

Cost Commensurate with Use

The typical second home owner only uses the property for around 30 nights a year yet pays 100% of the operating and maintenance costs. Lifestyle Asset Group has developed a game-changing solution, called “My Vacation Home LLC”. [1], you enjoy anywhere from 14 - 56 nights of use each year but only pay your share of the costs.


Transparency

LLC owners receive financial statements and so you know where every penny of your annual fees are being allocated. Owners have an elected managing member who sits on the board of advisors, providing performance feedback to the team at Lifestyle Asset Group.

[1] This shared ownership model is offered as a securities offering under Regulation D of the Securities Act and more specifically, under Rule 506c.

Performance Based Management

Lifestyle Asset Group’s compensation is strictly performance based; the company earns fees in three ways:

  1. 6% of the initial capital contributed for services provided in subscribing the LLC, managing the real estate acquisition process, completing any and all improvements to the residences including furniture and fixtures and developing turnkey property management services.
  2. The company earns a percentage from the annual fees paid by each shareholder.
  3. The company is eligible for 15% of net appreciation when the residence is sold in 7 years.

Proven Management Team

Created and founded by three executives with over twenty years of experience in the luxury real estate and travel industry, Lifestyle Asset Group was established to create an innovative and sustainable collective home ownership model that improves upon the restrictions and weakness of the fractional and private residence club industries, while simultaneously aligning the interests of the shareholders and management team.

Affordable Numbers

Success at 33 Sand Hill Circle

Lifestyle Asset Group debuted the My Vacation Home LLC model with LifestyleWaterColor, LLC.

WaterColor is a charming beach community on Florida’s Gulf Coast. The LLC acquired a spectacular home at 33 Sand Hill Circle for $2,725,000 and offered 8 exclusive shares to those with a strong interest in this coveted destination. The response was tremendous — in just 60 days all 8 shares sold and the property closed.

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To compare, a 320 square foot, single queen room at The WaterColor Inn averages $441 per night, plus taxes.

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Each shareholder of LifestyleWatercolor, LLC invested approximately $360,000. The combined capital funded an all cash purchase of the $2,725,000 property. The annual costs per year, when divided among the shareholders is only $15,000. This makes the cost for 35 days of annual enjoyment at the WaterColor home around $425 per night. The home is 4,621 square feet, 6 bedrooms, 6.5 baths with interior design appointments in excess of $500,000. To compare, a 320 square foot, single queen room at The WaterColor Inn averages $441 per night, plus taxes.

The debut of My Vacation Home LLC was a success for a very clear reason. While each of the acquiring LLC members loved that they would enjoy their Watercolor residence around 35 nights per year, what resonated with them was that it is an affordable and sensible investment opportunity.

Defined Exit Strategy

Delivering Peace of Mind

Each of our LLCs has a defined term so all stakeholders know exactly how and when they are getting their investment returned.

The LLC term is typically a 6 or 8-years. At that time, the home will be offered to the shareholders to see if one of the families wants to acquire the property. If not acquired by a current owner, Lifestyle Asset Group will list the property and sell it on the market at the highest possible value.

Each shareholder will then get their original capital contribution returned plus any appreciation that may have occurred over the term.

If the Shareholders are not ready to sell at the end of the term, they can vote for a one-year extension via supermajority vote.

Example:

A $4.8m property in Florida where the original capital contribution for each of the 6 shareholders is $864,000 and the LLC term is 6 years:

With 6% compounding appreciation over a 6-year LLC term, each of the six shareholders will receive back $1,134,815 when the home is sold. 

Lifestyle Asset Group participates at 15% of net appreciation proceeds above the original capital contribution of $864,000, or $40,000 = $1,094,000 return on your original $864,000 capital contribution, a gain of around $230,000.

Here are those total appreciation numbers based on the original purchase price of $4.8m:

  • 4% appreciation rate for 6 years: $6,073,531 property value
  • 5% appreciation rate for 6 years: $6,432,459 property value
  • 6% appreciation rate for 6 years: $6,808,892 property value

If you combine the appreciation potential plus the ability to rent weeks to offset the annual fees, this shared ownership model allows you to vacation in a $4.8m, 4 bedroom Seaside home for the next 6 years “rent-free”.


Footnotes:

[1] National Association of Realtors (NAR) year-end report.

[2] On a cost per night basis, this can be very prohibitive — particularly so with mortgages, which occur in approximately 70% of all transactions. Additionally, insurance costs in coastal communities can run as high as $30,000 per year. When you add property taxes, repairs, maintenance, HOA or Community Association Dues, utility charges and more, those 30 nights of vacation bliss can come at a cost of $2,000 to $3,000 per night, or even more.

[3] This includes complicated reservation processes that are necessary for projects with 100’s of owners and scores of identical units

[4] This shared ownership model is offered as a securities offering under Regulation D of the Securities Act and more specifically, under Rule 506c.

My Vacation Home LLC Offerings

A Better Vacation Home Investment in Every Way

With My Vacation Home LLC, people who desire to own a vacation home in a destination they love, can join with other like-minded shareholders and collectively enjoy a multi-million dollar property for a fraction of what it would cost to own it outright. In seven years, the property is sold at its highest value, capital contributions are refunded, and the increase in property value is equally shared.

Most importantly, with a highly fexible reservation system and all management demands of vacation home ownership seamlessly handled by Lifestyle Asset Group, families and friends are free to relish every moment of their vacations together and create memories for a lifetime.

My Vacation Home LLC is that affordable and sensible alternative whose time has certainly come.

Our Track Record

A Replicable Model

Lifestyle Asset Group has 10 vacation homes currently offered under our My Vacation Home LLC collective ownership model. Together with the three additional luxury properties managed under a multiple destination asset model called Lifestyle One LLC, these destinations and carefully selected vacation homes represent the best in location, luxury amenities, dedication to five star service, and potential return on investment.

Lifestyle Asset Group currently has 60 shareholders and more than $54 million in assets under management.

Assets Managed - Subscribed:

Seabrook Island, SC $1,100,000
St John, USVI $1,800,000
New York City, NY $2,000,000
Watercolor, FL $2,725,000
Watercolor 2, FL $3,000,000
Kauai, Hawaii $4,790,000

Assets Managed - Current Offerings:

Seaside, FL $4,800,000
Rosemary Beach, FL $3,900,000
Watersound Beach, FL $3,350,000
Kauai - North Shore $9,995,000
Santa Monica, CA $3,900,000
Paradise Valley, AZ $5,454,000
Rancho Santa Fe, CA $6,900,000
Isle of Palms, SC $6,000,000
Telluride, CO 3,900,000
Berkshire County, MA $4,500,000
Four Seasons Anguilla $4,200,000