What is Fractional Ownership Real Estate?

Fractional ownership real estate combines the benefits of traditional full-time ownership with the affordability of timesharing and the services and amenities of vacationing at a luxury resort hotel. Typically located in international, national and regional resort destinations, fractionals are sold in interests usually ranging from one-quarter to onetwelfth shares. Fractional properties are positioned as an alternative to whole ownership where the average use of a second home can be as few as four to six weeks a year, according to resort market researcher Ragatz Associates.

While PRR's fractional ownership homes are designed to feel and live like a singlefamily home, they also provide exceptional hotel-style amenities such as spas and exercise facilities, and services like concierge, valet, and a full-time staff that handles all the maintenance of the property.

While companies offering fractional corporate jet ownership popularized the concept in the early 1990s, fractional ownership is now one of the fastest growing segments of the resort real estate market. Sales were up 40% to over a half billion dollars in 2003 and are still accelerating in 2004, according to resort market researcher Ragatz Associates. Owners in PRRs fractional properties have complete flexibility in how they utilize their home:

  • Use it. Family, friends, employees or customers can spend time at the home.
  • Trade it. Use the Registry Collection (www.theregistrycollection.com) to trade your time with other comparable resorts, five-star hotels, cruises, yachts, adventure travel and luxury jets.
  • Rent it. PRR's management team will even find a renter for you.
  • Pass it on. Fractional ownership extends beyond your lifetime. Just like full ownership, interests in fractional properties are part of the owner's estate and can be bequeathed to anyone.
  • Sell it. If, for some reason, you need to sell your home, go back to PRR's management team and they'll provide the expertise and the most efficient way to sell your interest.

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