--- title: Download case study description: Discover how we transformed a distressed property into a high-value investment, achieving significant returns through strategic acquisition and improvements. image: https://info.equityresidences.com/hubfs/deer-valley.jpg --- [![Equity Residences ](https://info.equityresidences.com/hs-fs/hubfs/ERF-Logo-Teal.png?width=119&height=40&name=ERF-Logo-Teal.png "Equity Residences ")](http://equityresidences.com) # How Equity Villa Fund Achieved a 2.89x Gain on a Duplex in Park City Download the full case study to see how a strategic acquisition and value-add remodel turned a $2.3M distressed asset into a $6.43M luxury residence [Download Case Study](https://info.equityresidences.com/deer-valley-case-study-website#contact_banner) [![Equity Residences ](https://info.equityresidences.com/hs-fs/hubfs/ERF-Logo-Teal.png?width=119&height=40&name=ERF-Logo-Teal.png "Equity Residences ")](http://equityresidences.com) ### ABOUT ## EQUITY RESIDENCES Equity Residences is a luxury vacation home investment fund for accredited investors. You invest in a portfolio of residences in prime locations with high rental demand and high appreciation. At the end of the 10-year investment period we sell the homes and you and your fellow investors recoup your initial investment plus share anticipated returns. In the meantime, you and your family have rent-free access to our luxury vacation homes located in prestigious destinations.    #### 35+ RESIDENCES #### $100M+ PORTFOLIO VALUE #### 12+ COUNTRIES #### 450+ INVESTORS #### 4 FUNDS ### KEY FACTS ## EQUITY VILLA FUND Equity Villa Fund (2012–2016) strategically acquired and transformed distressed vacation homes—foreclosures, short sales, and unfinished residences—into luxury retreats. Through expert renovations and asset management, the fund elevated these homes to premium standards, delivering both exceptional vacation experiences and strong rental revenue. Investors enjoyed a decade of returns and exclusive access to these revitalized residences.  ## How Equity Residences Works ### Invest in a Growing Real Estate Fund Diversified Portfolio of Luxury Vacation Homes Around the World 1 ### Enjoy Rent-Free Vacations Enjoy 10 Years of Rent-free Vacations Worth Tens of Thousands of Dollars Every Year 2 ### Travel to Exclusive Destinations Choose Your Destinations from Thousands of Fund and Affiliate Homes Around the Globe 3 ### REAP YOUR WELL-EARNED REWARDS You Receive Many Valuable Vacations + Your Investment Back + Real Estate Appreciation\* 4 ## KEY TAKEAWAYS FROM THE CASE STUDY ![Deer Valley Villa Fund Acquisition](https://info.equityresidences.com/hs-fs/hubfs/HS-Favicon.png?width=196&height=196&name=HS-Favicon.png) #### Acquisition Acquired a distressed duplex in the heart of Park City for $1.8M, 43% below market value  ![Deer Valley Villa Fund Renovation](https://info.equityresidences.com/hs-fs/hubfs/HS-Favicon.png?width=196&height=196&name=HS-Favicon.png) #### renovation Invested $542,000 in high-impact renovations  ![Deer Valley Villa Fund Hold](https://info.equityresidences.com/hs-fs/hubfs/HS-Favicon.png?width=196&height=196&name=HS-Favicon.png) #### Hold Held Deer Valley A for 8 years and sold at the peak of the COVID-driven mountain real estate surge. Retained Deer Valley B for investor use, then sold after an 11-year hold ![Deer Valley Villa Fund Disposition](https://info.equityresidences.com/hs-fs/hubfs/HS-Favicon.png?width=196&height=196&name=HS-Favicon.png) #### Disposition $6.43M cash harvested for investors after sales or 14% IRR in residences investment alone  ## Why invest with equity residences    ![20200403_345 Deer Valley Drive A _ B_Snow Views_20](https://info.equityresidences.com/hs-fs/hubfs/Park%20City%20UT/20200403_345%20Deer%20Valley%20Drive%20A%20_%20B_Snow%20Views_20.jpg?width=2000&height=1332&name=20200403_345%20Deer%20Valley%20Drive%20A%20_%20B_Snow%20Views_20.jpg "20200403_345 Deer Valley Drive A _ B_Snow Views_20") #### ![Benefit Icon Container (4)](https://info.equityresidences.com/hs-fs/hubfs/Benefit%20Icon%20Container%20(4).png?width=60&height=61&name=Benefit%20Icon%20Container%20(4).png)DIVERSIFIED PORTFOLIOS Choose from curated portfolios based in Europe or North America, giving you access to premier destinations and a balanced global investment strategy.  --- #### ![Benefit Icon Container (4)](https://info.equityresidences.com/hs-fs/hubfs/Benefit%20Icon%20Container%20(4).png?width=60&height=61&name=Benefit%20Icon%20Container%20(4).png)TRAVEL FREEDOM Enjoy unrestricted access with no blackout dates and no lotteries. Book stays at Equity Residences homes or travel through our extensive affiliate network.  --- #### ![Benefit Icon Container (4)](https://info.equityresidences.com/hs-fs/hubfs/Benefit%20Icon%20Container%20(4).png?width=60&height=61&name=Benefit%20Icon%20Container%20(4).png)FINANCIAL + LIFESTYLE RETURN You don’t have to choose between ROI and unforgettable experiences. Equity Residences delivers both. --- ![5-stars](https://info.equityresidences.com/hs-fs/hubfs/5-stars.png?width=136&height=25&name=5-stars.png) "I decided my money was much better spent investing in real estate rather than renting and not having anything to show for it." **Trina O.** *Equity Villa Fund investor* ![5-stars](https://info.equityresidences.com/hs-fs/hubfs/5-stars.png?width=136&height=25&name=5-stars.png) It's a private equity model. General Partners get paid after the investors get paid... I think that's fair. Our incentives are aligned...It's investing in a diversified portfolio of real estate assets."  **Karthik** *Equity Platinum Fund investor* ![5-stars](https://info.equityresidences.com/hs-fs/hubfs/5-stars.png?width=136&height=25&name=5-stars.png) "Investing with Equity Residences allowed us to combine nice homes with family travel. Putting the two together is important." **Brian** *Equity Platinum Fund and Equity Platinum Fund 2 investor* ### Download Case Study \*Returns are not guaranteed. ![ERF-Logo-Teal](https://info.equityresidences.com/hs-fs/hubfs/ERF-Logo-Teal.png?width=901&height=304&name=ERF-Logo-Teal.png) ### Better Getaways. Better Returns. ### Want to know more? 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