Operating under the theory that there should be a REIT for everything, Vintage Wine Trust adds to its portfolio of Vineyards. These are mainly sale/leaseback deals. I haven't dug into the economics, but one idea I like is using a vineyards as an amenity to housing. Much like a golf course development, given the popularity of wine and the romanticism associated with living/owning vines, I thought you could have each homeowner take an equity stake in the Vineyard. Of course everyone will want to make their "own" wine and the "Clubhouse" can operate like a wine co-op. Each owner can choose blend their own grapes and use their own barrels.
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Interesting idea. I wonder how many investors/owners you would need to break even.
Posted by: Todd | January 23, 2006 at 10:26 PM
Might be a full amenity retirement village...tennis, pool, gym, vines...restaurant where you can house your "own" wine for your meals.
Posted by: Beth | January 24, 2006 at 10:02 AM