Patterns On the Green

Aloha friends!

Who would have thought that topics such as inclusion in an exclusive golf community would be a winning value-add? This weeks’ intriguing byte-size bit provides details to leverage newfound knowledge for some readers.

To learn more about golf fractionalized ownership, which is just one aspect, we’ve provided three prime examples, accessible through the links below.

Fractional Ownership is a trending property investment concept. It involves multiple stakeholders owning and deriving usage rights to a specific property (what does this mean)….Unlike timeshare, where buyers have only limited rights to the property, fractional ownership offers joint ownership and full freedoms to use the asset.

These golf courses have implemented fractionalized ownership models:

 Co-Ownership La Torre Golf , Murcia, Spain: La Torre Golf Resort offers co-ownership of luxury apartment, townhouses and villas. This concept differs from timeshare, where only one or two weeks are bought for specific usage each year. Fractional gives ownership of a share of the property. It provides an alternative to purchasing a property outright.

Tuseca: Penati Golf Resort, Senica, Slovakia: Co-ownership of property is regulated by a Land Registry and an SPV (Special Purpose Vehicle Fund). Through this vehicle, co-owners acquire at least ⅛ of a share. The SPV setup is customized to the level of registered land ownership, offering optimal protection of the asset. This fractional ownership model allows for future co-ownership transfer, to have a seamless and cost-effective process.

Links Golf Spey Bay Membership: Links Golf Club, a golf collective comprising of members in an online golf community deliver a contemporary membership that extends far beyond the scope of a conventional golf club with a single course. No more being bound to one home course. Members connect through a reciprocity program and explore a network of golf and social clubs nationwide. Membership costs start at $199/year and offer diverse courses throughout the year:

LinksDAO is the community portal where the purchase of an NFT (non-fungible token) would provide access to golf club membership by way of creativity and reimagining the club membership model.

That’s a wrap. Until then, keep swinging and fight to be happy!

Peace, love and granola,

Mel

Disclaimer: The availability and details of fractional ownership programs may vary, and it's advisable to reach out to the specific golf courses for the most up-to-date information. This article was written as an introduction to Blockchain and its potential applications in the real estate Industry, and should not be taken as financial advice. Please do your own research before investing in any cryptocurrency or other digital asset.