ResClubs Villas at Heritage Harbour

Min. Invest
$5,000
Target Hold
24 mos.
Annualized Returns
15.00%
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Project Summary

Residence Club International, LLC and affiliates will develop two paired villa enclaves with a total of seventy-six (76) well-appointed townhomes within the Heritage Harbour Resort in Bradenton, Florida. The properties have been designed and will be developed for the usage of short-term vacation rentals and/or part of the ResClubs Membership Program. Specifically, for the properties that will be part of the ResClubs Membership Program, additional revenue will be generated through short term rentals via a large international property management company as well as various revenue streams tangential to the Membership Program.

Investment Type Debt
Term 24 Months
Raise Amount $28,796,000

Property Summary

Heritage Harbour Club and Resort is a full-service boutique resort property that offers Championship Golf, Bass fishing excursions and Deep Salt Water fishing excursions in the Gulf of Mexico

This full-service resort property is positioned inland along the I-75 corridor on the south side of the Manatee River. Its’ main feature is an Arthur Hills designed championship 18-hole golf course that opened in 2001 and is slated for renovation in summer of 2022. Other features of the newly developed resort complex will be large resort style pool with Bahama bar, cabana’s, beach volleyball, table tennis, and outdoor cornhole. Boutique spa services designed to unwind you and promote wellness. Onsite options for indoor and outdoor casual dining experiences. If it’s fishing you like we’ve got you covered with great largemouth bass fishing in the Manatee River or take a deep-sea fishing excursion in the Gulf of Mexico to catch Grouper, Red Snapper, or Tarpon.  The Florida waters always offer amazing depth of color in waterways that soothes the soul.

The ResClubs Villas consists of two paired villa enclaves when combined total seventy-six (76) well-appointed units. Features include each unit size equals 1,500 sq/ft of open concept space, 3 Bedrooms and 2 bathrooms, full kitchens, spacious great room, full laundry, and 2 car garages. Each villa has access to all amenities offered by the Heritage Harbour Club and Resort. 

Financial Summary

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Financial Sources

Investment $28,796,000

Financial Uses

Vertical Build & FFE $17,708,000
Amenity Infrastructure $1,064,000
Development $5,244,000
Land Cost $1,900,000
Marketing & Administration $1,440,000
Reserve for Contingency $1,440,000

Property Summary


Address Property Type

,
Fund

Market Summary

Known for its’ amazing white sand beaches, the area presents multiple options only miles from the resort.  Siesta Key Beach, ranked #1 in the U.S. in 2020, Lido Key Beach, Bradenton Beach, and Anna Maria Island all are incredible and only a short drive from Heritage Harbour.    

Sarasota/Bradenton consistently ranks among the top places to vacation, retire, or live in the U.S.  In 2021 U.S. News and World Report ranked the area #1 (nationwide) place to retire and #2 places to live in Florida. Trip Advisor consistently ranks the area in the top #5 US destinations for golf, beaches, and watersports.

Strategy Summary

Residence Club International, LLC and affiliates will develop two paired villa enclaves with a total of seventy-six (76) well-appointed townhomes within the Heritage Harbour Resort in Bradenton, Florida. The properties have been designed and will be developed for the usage of short-term vacation rentals and/or part of the ResClubs Membership Program. Specifically, for the properties that will be part of the ResClubs Membership Program, additional revenue will be generated through short term rentals via a large international property management company as well as various revenue streams tangential to the Membership Program for these 20 units.


 

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Investor Tutorial

CERTAIN INFORMATION REGARDING THIS OFFERING

THESE UNITS ARE BEING OFFERED WITHOUT REGISTRATION UNDER ANY FEDERAL OR STATE SECURITIES LAWS, BUT ARE BEING OFFERED UNDER AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AND UNDER COMPARABLE EXEMPTIONS UNDER VARIOUS STATE SECURITIES LAWS. HOWEVER, THE SECURITIES AND EXCHANGE COMMISSION (“COMMISSION”) HAS NOT DETERMINED THAT THESE UNITS ARE EXEMPT FROM REGISTRATION. THESE UNITS HAVE NOT BEEN REVIEWED, APPROVED OR DISAPPROVED BY THE COMMISSION OR ANY STATE SECURITIES COMMISSION, NOR HAS THE COMMISSION OR ANY STATE SECURITIES COMMISSION PASSED UPON THE ACCURACY, ADEQUACY, COMPLETENESS OR MERITS OF THIS MEMORANDUM, AND ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE. THIS MEMORANDUM DOES NOT CONSTITUTE AN OFFER TO SELL TO, OR A SOLICITATION OF AN OFFER TO BUY FROM, NOR SHALL ANY OF THE UNITS BE OFFERED OR SOLD TO, ANY PERSON IN ANY JURISDICTION IN WHICH SUCH AN OFFER, SOLICITATION, PURCHASE, OR SALE IS UNLAWFUL OR UNAUTHORIZED UNDER THE SECURITIES LAWS OF SUCH JURISDICTION.

THE STATEMENTS MADE HEREIN ARE MADE AS OF THE DATE ON THE COVER OF THIS OFFERING MEMORANDUM. THIS OFFERING MEMORANDUM CONSTITUTES AN INVITATION TO THE PROSPECTIVE INVESTOR TO SUBMIT AN OFFER TO SUBSCRIBE. NO PERSON MAY PURCHASE THE UNITS OFFERED HEREBY EXCEPT PURSUANT TO AN EXECUTED SUBSCRIPTION AGREEMENT IN THE FORM PRESCRIBED BY THE FUND, AND THEN ONLY FROM A PERSON TO WHOM THE FUND OR ITS DESIGNATED AGENT HAS DELIVERED A COPY OF THIS OFFERING MEMORANDUM.

THESE UNITS ARE SUBJECT TO RESTRICTIONS ON TRANSFERABILITY AND RESALE AND MAY NOT BE TRANSFERRED OR RESOLD EXCEPT AS PERMITTED BY THE FUND. INVESTORS SHOULD BE AWARE THAT THEY MAY BE REQUIRED TO BEAR THE FINANCIAL RISKS OF THIS INVESTMENT FOR AN INDEFINITE PERIOD OF TIME. THERE IS CURRENTLY NO PUBLIC MARKET FOR THESE UNITS.

IN MAKING A DECISION TO PURCHASE UNITS HEREUNDER, PROSPECTIVE INVESTORS MUST CONDUCT THEIR OWN INDEPENDENT INVESTIGATION OF THE FUND AND THE TERMS OF THIS OFFERING, INCLUDING THE MERITS AND RISKS INVOLVED, AND ARE ENCOURAGED TO CONSULT WITH THEIR ADVISORS AS THEY WILL BE REQUIRED TO REPRESENT THAT THEY ARE ABLE TO BEAR THE ECONOMIC RISK OF THEIR INVESTMENT AND THAT THEY ARE FAMILLIAR WITH AND UNDERSTAND THE FUNDAMENTAL RISKS AND TERMS OF THIS OFFERING.

NO PERSON HAS BEEN AUTHORIZED TO GIVE ANY INFORMATION OR MAKE ANY REPRESENTATION WITH RESPECT TO THE OFFERING OF THE UNITS WHICH IS NOT CONTAINED OR REFERENCED HEREIN, AND, IF GIVEN OR MADE, SUCH INFORMATION OR REPRESENTATION MUST NOT BE RELIED UPON AS HAVING BEEN AUTHORIZED BY THE FUND. POTENTIAL INVESTORS MAY, IF THEY SO DESIRE, MAKE INQUIRIES OF THE FUND WITH RESPECT TO THE FUND’S BUSINESS OR ANY OTHER MATTERS SET FORTH HEREIN, AND MAY OBTAIN ANY ADDITIONAL INFORMATION WHICH SUCH PERSON DEEMS TO BE NECESSARY IN ORDER TO VERIFY THE ACCURACY OF THE INFORMATION CONTAINED IN THIS MEMORANDUM (TO THE EXTENT THAT THE FUND POSSESSES SUCH INFORMATION OR CAN ACQUIRE IT WITHOUT UNREASONABLE EFFORT OR EXPENSE).

October 21 2021

Confidential Offering Memorandum: ResClubs

PROSPECTIVE INVESTORS ARE CAUTIONED NOT TO CONSTRUE ANY CONTENTS OF THIS OFFERING MEMORANDUM OR ANY PRIOR OR SUBSEQUENT COMMUNICATIONS, AS CONSTITUTING INVESTMENT, LEGAL OR TAX ADVICE; RATHER THEY SHOULD CONSULT THEIR OWN ADVISORS OR COUNSEL WITH THE CAPACITY TO ADVISE AND PROTECT THEIR INTEREST IN CONNECTION WITH ALL MATTERS CONCERNING THIS OFFERING MEMORANDUM.

THIS OFFERING MEMORANDUM DOES NOT KNOWINGLY CONTAIN ANY UNTRUE STATEMENT OF A MATERIAL FACT OR OMIT A MATERIAL FACT, AND ANY SUCH MISSTATEMENT OR OMISSION IS DONE WITHOUT THE KNOWLEDGE OF THE PREPARERS OF THIS DOCUMENT OR THE FUND. AS SUCH THE FUND BELIEVES THAT THIS OFFERING MEMORANDUM CONTAINS A FAIR SUMMARY OF THE MATERIAL TERMS OF ALL MATTERS, DOCUMENTS AND CIRCUMSTANCES MATERIAL TO THIS OFFERING. WHILE THE DATA AND STATEMENTS CONTAINED HEREIN ARE BASED UPON INFORMATION BELIEVED TO BE RELIABLE, NO WARRANTY CAN BE MADE AS TO THE ACCURACY OF SUCH INFORMATION OR THAT CIRCUMSTANCES HAVE NOT CHANGED SINCE THE DATE SUCH INFORMATION WAS SUPPLIED. THIS MEMORANDUM CONTAINS SUMMARIES OF CERTAIN PROVISIONS OF DOCUMENTS RELATING TO THE BUSINESS OF THE FUND AND THE UNITS OFFERED HEREBY, AS WELL AS SUMMARIES OF VARIOUS PROVISIONS OF RELEVANT STATUTES AND REGULATIONS. SUCH SUMMARIES DO NOT PURPORT TO BE COMPLETE AND ARE QUALIFIED IN THEIR ENTIRETY BY REFERENCE TO THE TEXTS OF THE ORIGINAL DOCUMENTS, STATUTES AND REGULATIONS.