Crescendo Residences
Resignation and Redemption

Crescendo Residences' long term plan was to liquidate the club's real estate holdings after ten to twelve years. At that point, members would receive 60% of the profits and club 40%. If real estate had dropped in value during that period, the club and members would share the burden.

For members resigning before that point, the club worked on a "one in, one out" policy, where every new member acquired by the club would replace one member leaving the club.

Crescendo Residences was acquired by Abercrombie & Kent to form the Abercrombie & Kent Residence Club, taking many of the club's policies and structure into their business model.