Investors is aggressively seeking luxury home acquisitions in the United
Sates. We are attracted by the major destinations that consistently
rank in the Conde Nast Traveler and Travel and Leisure Readerís polls.
These include among ohers, San Francisco, CA; Charleston, SC; Carmel,
CA, Napa/Sonoma, CA; Sedona AZ;. Savannah, GA, Chicago, IL; New York,
NY and Seattle, WA. Other markets may include Lake Tahoe CA,
Scottsdale AZ, Key West, FL and Nantucket, MA. We anticipate properties
will be in the price range of between $1,000,000 and $3,000,000 not
including renovation and furnishings. We anticipate a holding
period of between three to five years. Properties will be renovated
if required, fully furnished and returns generated from the aggressive
rental of these properties. The exit strategy will be to
sell the properties on a fractional/shared ownership basis or on a wholly-owned
basis in the future.