MonCasa solves the riddle, providing Canadians the best of both worlds – a private destination Club whose members vacation at the very same homes owned by the mutual fund trust they hold in their RRSP.
Toronto, Ontario (September 23, 2011) –– MonCasa is pleased to announce it will begin rolling out their marketing campaign to both the public and the financial services industry as the RRSP season has now begun.
Canadians will get their first glance at how MonCasa brings together second home ownership and lifestyle through the combination of a RRSP eligible mutual fund trust and a members only destination club on September 27th at Toronto’s Park Hyatt Hotel.
Imagine buying vacation real estate in your RRSP are words that our investors have been waiting to hear for over 3 years, and financial planners are just as excited as they can now offer their clients an investment that has ‘multiple returns’ as they say” said James Schindel, VP of Real Estate for MonCasa.
MonCasa Private Club Residences has the distinction of being the first and only destination club in existence that offers members access to luxury real estate financed and purchased through a RRSP Eligible Mutual Fund Trust structure. This means members can put their retirement funds to good use by investing in a portfolio of luxury residences, and then go on vacation to the same homes as a member of the Club.
“MonCasa started out looking for a better way for Canadians to travel in a club setting and ended up revolutionizing the way clubs finance their properties,” says John Collins, CEO of MonCasa Capital. “We wanted a safe way to access the $650 billion currently sitting in RRSPs and this structure is perfect for the destination club traveler who wants to commit to a certain number of travel days each year, while still feeling a sense of ownership in the places they visit through their investment in the fund.”
“We will turn vacation ownership on its head, giving a few Canadians the opportunity to realize their dreams of owning a second home much sooner than their retirement, September 27th will be the beginning,” said Michael Aumock, Club President.
About MonCasa Private Club Residences
MonCasa Private Club Residences (the “Club”) is a members-only, multi-location destination club. The Club operates to provide Club Members, unique second home lifestyle privileges through proprietary service and use contracts within the leisure real estate acquired through capital provided by unit holders of the MonCasa Asset Living Fund I. www.clubmoncasa.com
About Sloan Capital Corp.
Sloane Capital Corp. is a member of the Exempt Market Dealers Association of Canada. Sloane management has over 35 years experience in the investment industry and as the lead Agent provides compliance and distribution of the MonCasa Asset Living Fund I sold by Offering Memorandum subject to NI 45-106.
MonCasa Private Club Residences
Sloane Capital Corp.
SOURCE: MonCasa Private Club Residences