Private Residence Club (PRC)
A Private Residence Club (PRC) is designed to meet the needs of the same affluent buyer that would normally consider purchasing a luxury wholly owned second home. The purchase decision is primarily based on the buyer's motivation to enjoy the residence and the resort area, although potential value appreciation is a factor. Affluent purchasers recognize they have limited leisure time and are looking for real estate that is price proportionate to actual use. The Private Residence Club ownership model follows a pay for what you need and want philosophy in an intimate, exclusive community together with highly personalized service and a wide range of amenities. As in the Traditional Fractional, owners purchase a share or fraction of a Private Residence Club home. They receive a deed with title insurance.