Morningside Ownership Guide

Collective Ownership

Since 2013 Lifestyle Asset Group has been a pioneer in “collective ownership”, a proven model where you, along with 7 like-minded investors, own debt-free a luxury vacation property, with each investor only paying their share of the ownership costs.

If you love escaping to the beautiful Berkshire Mountains, this is your opportunity to own and enjoy this exceptional estate.

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“When you really compare what’s out there, the collective asset ownership model can’t be beat; the homes are wonderful, the reservation process is clear and straightforward, your equity is secure (no debt), and you know when you’re getting your capital back. There’s simply nothing better out there.”

– Mark T, California

Initial One-Time Capital Contribution

Capital Contribution* Annual Shared Fees** Nights of Annual Use
Full share $710,000 $25,000 42
3/4 share $532,500 $18,750 32
1/2 share $355,000 $12,500 21
1/4 share $177,500 $6,250 10

*Your capital is 100% secured by the home, paid for free and clear. **These fees are allocated directly to all expenses relating to the maintenance and management of the property, including establishing and paying all utilities, insurance premiums, property tax payments, repairs, scheduled maintenance, replacement items, property management fees, housekeeping, managing reservations, cancellations, reciprocity requests to sister LLCs, requests for travel within Elite Alliance, providing year-end tax return preparation and issuing K-1s to each member accordingly.

Travel Points

Your Travel Currency

Travel points are the currency used for reserving the Berkshire property as well as accessing sister LLC residences.

Full Share: Shareholder receives 4,500 travel points annually which equates to approximately 35 nights of use per year

Half Share: Shareholder receives 2,250 travel points annually which equates to 17 nights of use per year.

Travel Points Per Night Guide

  • In Season (April - November) 120 Su-Th / 160 Fri-Sat
  • Off Season (Dec - February) 60 Su-Th / 80 Fri-Sat
  • Month of March: 160
  • Christmas and New Years weeks: 160
  • Thanksgiving week: 160
  • Memorial Day week (Friday - Friday): 200
  • July 4th week (Friday - Friday): 200
  • Labor Day week (Friday - Friday): 200

Sample Itinerary Using 4,500 Travel Points

  • March 21-28: 1,120 points
  • June 10-17: 920 points
  • January 10-17: 480 points
  • May 15-21: 920 points
  • October 31-November 6: 920 points
  • Total 42 nights, 5,280 Travel Points

Rotating Priority Reservation System

The Freedom of Flexibility

Lifestyle Asset Group’s rotating priority reservation protocol (PRP) allows shareholders to plan their vacations with as little or as much advanced notice as they choose. Travel points can also be used to sponsor unaccompanied guests, giving you the fexibility to send family & friends on amazing vacations, use them as a reward for a high-performing employee, or as a donation to your favorite charity.

Reservations are made two ways:

(1) Each shareholder is assigned a number 1-7, depending on when they first commit to the project. Once assigned a number, shareholders will first choose one reservation in the ensuing 12-month calendar in an order from Shareholder #1 through 7, then a second reservation in an order of #7 to #1. The order of 1 through 7, and 7 through 1, changes each year with shareholder 2 advancing to 1 in the second year of the PRP and shareholder 1 moving to 7 in year two. By rotating the order in the selection process under the PRP, all shareholders will have years of holding position #1, #2, etc.

(2) The second reservation protocol is the application of the shareholder’s remaining travel points following the PRP when each shareholder can evaluate their own timelines and schedules in applying their remaining points in their account for additional dates that are attractive to them. There is no formal structure for these reservations and they are all first come-first serve; last minute or well planned.

“Space Available” Reservations

There will be periods during the year when the St. George Island property will be unreserved and available and shareholders are welcome to reserve the home on short notice without having to apply travel points. Accordingly, whenever the residence is available and unreserved twenty one (21) days hence, this opportunity for a short notice reservation shall be deemed “Space Available”.