FOR IMMEDIATE RELEASE
Ellen Paris, Lifestyle Asset Group
Lifestyle Asset Group Announces Exclusive Collaboration with Engel & Völkers Snell Real Estate in Los Cabos With Over $50 Million Of Extraordinary Properties Offered
(Fort Collins, Colorado—August 2019) Lifestyle Asset Group Lifestyle Asset Group, a rapidly growing innovative industry disruptor of luxury second home ownership recently entered into an exclusive collaboration with Engel & Völkers Snell Real Estate in Los Cabos www.snellrealestate.com. The collaboration kicks off with partnership shares being offered in over $50 million of extraordinary properties from Engel & Völkers Snell Real Estate’s exclusive portfolio.
Lifestyle Asset Group’s real estate partnership offerings (through exclusive LLCs) brings like-minded partners together to collectively own a magnificent vacation home for the fraction of what it would cost to own it outright. This model offers a smart solution to Los Cabos’ luxury second home market for both buyers and sellers.
“While the majority of second homes in Cabo are purchased as whole ownership, Lifestyle Asset Groups partnership model appeals to those buyers who desire to have a vacation property here but simply can’t justify taking on 100% of the expenses while only enjoying the property 10% of the year,” says Wayne Lefkowitz, sales director for Engel & Volkers Snell Real Estate. “This model offers a terrific solution where the buyer only invests in the usage/equity interest level that is right for them. Furthermore, there is a defined exit strategy, so all investors know how and when they are getting their capital returned.”
Consider there is limited real estate financing for US or Canadian buyers in Los Cabos, with the majority being cash closings. This keeps many potential Cabo buyers from purchasing a property.
With Lifestyle Asset Group’s LLC shares, a buyer could take a 15% position of a $4 million property, by way of example, for $600,000, creating 8+ weeks of personal use which is likely to be all they want anyway.
“Under the collaboration, EVSRE will market and promote the LLC share option in hand-selecting luxury listings and we will be introducing this via a “Portfolio One” release featuring 9 extraordinary properties ranging from $1,200,000 to $9,850,000,” explains Rich Keith, Sr. Partner at Lifestyle Asset Group.
Each Lifestyle Asset Group LLC has a defined exit strategy where in 8 years, the property is sold, the initial capital investment capital is returned, and appreciation shared. Lifestyle Asset Group has assets currently being offered from Maui to Aspen to St. John USVI and other luxury vacation destinations throughout the United States and the Caribbean.
About Lifestyle Asset Group
Since 2013 Lifestyle Asset Group has created exclusive real estate partnerships for families to affordably own distinctive properties in exceptional destinations and cherish transcendent experiences together. Lifestyle Asset Group currently has 85 shareholders and more than $70 million in assets currently being offered. https://lifestyleassetgroup.com/