FORT COLLINS – Lifestyle Asset Group LLC is raising up to $6 million for investment in a six-property portfolio of vacation properties on the East Coast, according to a recent filing with the Securities and Exchange Commission.
Officials for the Fort Collins-based company could not be reached for comment Wednesday.
According to Lifestyle Asset Group’s website, the company sells equity stakes in limited liability companies that own groups of six vacation properties. Similar to a timeshare arrangement, the owners of the LLC then have access to the properties of their choosing for four to six weeks per year and pay Lifestyle Asset Group to manage the portfolio.
The portfolio is sold after seven years, with Lifestyle Asset Group cashing in on 10 percent of the profits and owners of the LLC banking the rest.
The current fundraising is for an LLC called AtlanticOne, which according to the company’s site is a portfolio of properties in a variety of locations on the East Cost, including New York, Miami and North Carolina. Minimum investment is $75,000.