Equity Residence Club(sm) ownership is the fastest growing segment of the luxury vacation home industry. This innovative concept provides the ultimate vacation experience and the benefits of real estate ownership while dramatically reducing the responsibilities and financial burdens associated with traditional ownership. Owners of The Residence Club at Harborview Place receive 1/8th-deeded interests in a Harborview Place residence and have private boat privileges. The Residence Club is owned and operated much like a prestigious equity golf country club and there is no limit on use. If some owners use their club less, other owners can use it more.