Quintess has raised $125 million in a fund earmarked for the development of future properties. The fund-raising occurred in a comparatively short space of time, with the opening of the fund only being announced in May.

From the Quintess update:

Quintess, LRW has arranged $125 million in financing for new home development. This will allow the Club to develop more than 30 new residences, which will become available to members over the next several years. Our members tell us they prefer Club designed and developed properties, such as Jackson Hole’s Amangani and Teton Village, and Los Cabos’ Casitas in Villas del Mar. Now we can move ahead to build more properties in the destinations you want to be.

The Club portfolio currently has nearly $200 million in real estate assets available to members. We expect to grow the real estate portfolio to approximately $500 million by the end of 2008, guided by our members priorities. We will continue to go deeper in destinations including Aspen, Cabo, Florence, Hawaii, London, Napa, New York and Paris, while expanding to new destinations like Bermuda, the Greek Islands, Tuscany and San Francisco.

This will dramatically increase Quintess’ ability to fund new properties and make them available to members, of course, and should help to keep their membership sales flowing.

OTHER ARTICLES THAT MAY BE OF INTEREST

• Quintess family plans
• Quintess partners with Sentient
• New New York residences for Quintess
• Quintess ups referral ante
• The Lady Quintess