Moncasa Private Club Residences Now Launched in Toronto

Date: September 26, 2008

Inspiring properties, exceptional experience and vacation variety integral to Moncasa Private Club Residences.

Joining now will realize great advantages.

In celebration of Toronto’s Caribbean Week, Moncasa Private Club Residences (MPCR) has now launched their exclusive property offering to Canadians in search of a different vacation experience or second-home property. Moncasa is now actively selling memberships in their Private Club shared-ownership portfolio.

MPCR is a destination club and global travel relational management services company that offers the “Moncasa Caribbean Experience” – a complete service and property offering. MPCR is all about compelling luxury on notable Caribbean Islands with distinct lifestyle in mind.

Years of local knowledge have culminated in the MPCR properties, and this experience and understanding affords Canadians security in knowing their financial and lifestyle investment will grow. MPCR is for Canadians who like their vacation or retirement to be one of flexibility, luxury and stress-free management.

MPCR is Canada’s entry into Private Residence Clubs, and a reflection of a growing trend in the travel and vacation industry known as fractional or shared-ownership property. Once only available to high net worth individuals in search of luxury vacation homes, Moncasa and their local knowledge of the Caribbean has been able to source exceptional real estate opportunities creating properties valued at under one million to $3 million. In turn Moncasa has structured the membership to be priced affordably thereby becoming readily attainable to a great many more Canadians.

"We have developed a range of high-end luxury accommodations in a variety of Caribbean countries," says John F. Collins, President, Moncasa Capital, the holding company of MPCR. "Through strategic alliances and a deep knowledge of local markets, Moncasa has been able to develop a collection of multi-million dollar homes, condos and villas. Each residence is of exceptional quality affording residents a lifestyle second to none. We truly are offering luxury, making vacation dreams come true. Further, each club membership deposit reflects an equity share of the real estate portfolio and its appreciation. It’s win-win for vacationers."

Moncasa believes that the second home destination club market in Canada is underdeveloped as the “boomer” generation reinvents their retirement years.

Individual and Family memberships are available from $27,400USD up to $89,000USD depending on the property or number of weeks. Corporate and Group memberships start at $135,000USD per 6 weeks.

With the rise in value of the Canadian dollar against the US dollar, Moncasa Private Club Residences provides an opportunity to enter the offshore real estate market with buying power not experienced over the last 30 years.

In celebration of the launch, Moncasa is making available a limited 52 Founders Memberships. As a founding member, individuals will have access to a refund policy of 100% membership deposit or 70% of the then current membership deposit, which ever is greater. Even if a member wants to leave years after joining, they receive a 100% refund. This Founders Refund Policy is a first in the industry - and a signal that MPCR is committed to membership satisfaction.

The Moncasa difference is also heralded in the quality of their homes and the variety of options available. Take for example the following:

  • Properties range from 800 sq ft studios to 6,000 sq ft villas located on legendary Caribbean beaches and golf courses.
  • Each residence comes with access to a luxury SUV.
  • Each home has optional in-home service (maid, butler, chef)
  • Portfolio of 80 unique properties.
  • Membership structure provides flexibility allowing members to trade weeks in favour of different locations or larger homes.
  • The Moncasa Experience program, headed by Jeff MacInnis, leader of the first team to sail the Northwest Passage, Eco-Challenge athlete, best selling author and professional speaker is available to members in search of a unique experience in which to enhance their vacation and their lives. Individual itineraries are created for each member based on their goals and managed with an in-location personal concierge.
  • Moncasa Private Club Residences remove the burden of full vacation property ownership by removing the hassles of maintenance, security and non-occupancy.
  • "We are not just a real estate company or a typical destination club focused on solely acquiring homes," says Collins. "Moncasa Private Club Residences is, bringing our considerable consumer insight and experience to create a new paradigm of experiential travel with a compelling equity club model to Canadians."

About Moncasa Capital
Moncasa Private Residences Club is owned by Moncasa Capital a company committed to developing sustainable membership driven investment communities for the leisure economy through sharedownership real estate and fractional membership programs.

Moncasa selects properties on their ability to provide both an appreciation of lifestyle as well as real estate value. Membership Deposits reflect an equity share of the real estate portfolio. Moncasa Private Club Residences Members’ will have a choice of 10 properties in the Cayman Islands, Dominican Republic, St. Lucia, and Turks and Caicos. Within five years, Moncasa will have 80 properties on 20 islands.