Prices are up. Supply is down. It's the classic formula and the time to invest in real estate is right now. In this case, we're talking about record demand and record prices combined with record low inventory. Where, and what? The Manhattan apartment market.If you've ever thought that it would be advantageous to maintain a pied a terre in the city to allow you a business base as well as a private getaway, you may now be feeling that you've missed your chance. The average price of Manhattan real estate is reportedly at a 26-year high, and average sales prices of city apartments, coops and condos are up 11 percent from just one year ago.
However . . .
Step back for just a moment from current Manhattan real estate statistics to look at an extraordinary opportunity that still exists for a limited group of investors. Lifestyle Asset Group owns outright a luxury Manhattan apartment in the portfolio of properties that comprise the LifestyleOne Investment. Six luxurious vacation homes have been selected for this impeccably designed equity ownership model that allows only 50 investors.
In addition to the 2-bedroom, 2-bath Turtle Bay home in midtown Manhattan, LifestyleOne investors will claim ownership in million-dollar-plus properties in Maui, Seabrook Island, S.C., Los Cabos, Mexico, Lake Tahoe, and St. John, U.S. Virgin Islands. Owners have access to vacation time at any of these luxury destinations for the next seven years. Make no mistake, this investment is worth every penny of the price as a vacation plan, but what makes Lifestyle Asset Group truly unique is the ownership structure. A defined exit strategy after seven years of collective ownership returns 90% of the appreciated dollar directly to owners.
Each property in the mix has been selected not only for its current value of between $1-2 million, but for its anticipated return. Current New York statistics point to the wisdom of that strategy. A professional management staff handles all details, including reservations and concierge services.
The New York City situation has been building for the past year and a half, according to real estate gurus, and the market is expected to continue its upward climb. Even though more older buildings are slated for rehab and new construction continues, supply is still expected to dwindle. Real estate has always been a component of a diversified investment portfolio, and is becoming even more important today. Likewise, vacation homes and travel are an increasingly vital aspect of lifestyle planning and enjoyment. The marriage of the two couldn't be more appropriate or more timely.
A recent affiliation with Elite Alliance brings Lifestyle Asset Group shareholders even more travel opportunities. It opens up the world when you become a part of our world. Why not open the door to your future right now?