At the end of last month, Timbers Resorts, a developer and operator of global luxury boutique properties opened Timbers Kiawah, a $75 million development on Kiawah Island in South Carolina.
Q3 hedge fund letters, conference, scoops etc
The development, the first new oceanfront development in more than three decades on the island, features 21 fractional ownership residences in three buildings, including 18 three bedroom homes that start at $490,000 for 1/9 ownerships and four-bedroom penthouses, that start at $1.34 million for a one-sixth ownership interest.
Acquired by for just $11 million by Timbers Resorts, the development was funded...
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