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ExNet Daily News

2009-08-20 21:03:51
MANAGEMENT RIGHTS FOR SALE
Management Rights have the potential to change forever the way multi-family residential communities in the USA are managed and operated.

Sanctum Stay Corp has brought the Australian originated residential community living Management Rights model to the US. A model that offers potential financial salvation to so many residential communities that face financial stress brought on by the housing crisis that was precipitated by the over leveraged housing lending bubble. A bubble that saw millions of Americans buy residential products in respect of which they could not maintain debt service obligations when easy credit dried up.

The crisis has certainly exposed the serious financial weaknesses of the old community living model that has so severely restricted the rights of property owners to deal in and manage their properties in a manner that meets the changed needs of owners, many face foreclosure and bankruptcy through no fault of their own.

Management Rights, when backed by flexible rental / letting rules within residential communities holds the promnise of saving many communities and property owners in them, from financial disaster. The Management Rights model is to be expanded by Sanctum Stay Corp into the states of California and Nevada as both states are holiday and leisure hubs, this creating the ideal opportunity for Sanctum Stay to incorporate SPV entities in both States as a pre-cursor to selling the Management Rights into State Master Licensing (SML) company subsidiaries. These 1st SML's will be registered under the names of Sanctum Stay California (to hold the Management Rights California trading base) and Sanctum Stay Nevada that will hold the Management Rights Nevada system assets.

Both companies are expected to be operational during the 1st quarter of 2010.

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