Fractional Ownership News
Strategic Global Investments announces second Mexican fractional project
Strategic Global Investments (STBV) has contracted to purchase a 48-acre parcel of land one mile south of the city of La Paz, in Mexico with nearly five acres of beach frontage that is suitable for luxury fractional housing. The company intends to build around 125 ocean view small luxury villas, homes will be able to be built on the site. The villas will potenitially be divided into 1/12th shares providing as many as 1500 fractions.
Andrew Fellner, president of STBV, said: “We know that fractional ownership has bounced back strongly since the recession, but because we want to stimulate early sales and attract global attention, some units will be made available at $199,000 a price reserved for a select few willing to assist in referral marketing. We have nearly completed our due diligence and our La Paz research shows that the project will add significant value to the company.”
The announcement comes shortly after the company acquired the Punta Perfecta fractional real estate development in Baja Sur, Mexico.
www.strategicglobalinvestments.net
04/08/10
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