The estimated hold period for vacation rentals is 5 to 15 years.

The determination of when to sell a property is made based on a series of relevant factors which may include: the prevailing and projected economic conditions, whether the property is anticipated to appreciate or decline substantially, and how any existing lease may impact the sales price we may receive. As a result, we may decide that it’s in the best interest of shareholders to sell a property earlier than 5 years or to hold a property more than 15 years.