Rocksure Property Bravo Fund Reaches Full Subscription

By: Destination Club News
Date: February 8, 2011

Two new investment funds have joined the Rocksure Property family in recent weeks and one fund is now closed to new members as the Bravo Fund, the second introduced by the club, is fully subscribed and is no longer seeking new member investors.

Early in 2010, the equity based destination club had just a handful of memberships still available. "No one told us, when we launched the Bravo Fund in 2008, that the western world was going to suffer the most severe financial collapse since 1907 and the worst recession since the Thirties, or that a single bank would fail with debts of over $600 billion," Rocksure wrote. "Things have nevertheless worked out remarkably well for Bravo Fund Shareholders, mainly because the recession has created a buyers’ market which has enabled the Fund to buy spectacularly well."

Rocksure was able to buy spectacularly well in a diverse set of regions, including Breckenridge, Colorado; Marrakech, Morocco; the Algarve, Portugal; Phuket, Thailand; and Istria, Croatia. The residence in Croatia replaced an apartment in New York as "the market had indicated a desire for more short-haul properties." In the case of the Croatian property, Rocksure took a disused village school in a prime location and converted it over the winter months into a five bedroom mansion with unmistakable views.

Rocksure has recently launched the Crystal Fund, a new investment fund that will include residences in Provence, St Lucia, Corfu, Andalucía, Marrakech and the Algarve. Rocksure has also partnered with private members' only club Quintessentially to launch the Quintessentially Rocksure Platinum Fund.

While Bravo may be fully subscribed, special pricing is available for the two new funds. We have reached out to Founder David Rogers about 2010 and their outlook for 2011, so check back soon for more news on Rocksure.