– One 4 Yacht Fractions offers a local version of an innovative concept in boating.  (Vancouver, B.C.  February 1, 2005)

 –The concept of shared asset ownership has grown in popularity across North America over the past decade with very good reason.  It is hard to argue with the logic. Originally implemented in the aviation industry, the concept allowed individuals and corporations to share in the capital costs, maintenance, and usage of aircraft. In recent years, this concept has been applied to resort real estate with considerable success.  Nowhere is this more evident than in Whistler, B.C.  With the rising costs, owing primarily to the effects of an aging baby boomer generation, of recreational property, many discriminating buyers and investors have opted to take advantage of this growing trend.  It has allowed them to benefit from all the lifestyle aspects of resort property by more closely matching their usage requirements with their investments, allowing them to free up valuable capital for other purposes.  Not to be overlooked is the peace of mind that comes with the professional management typically associated with this form of ownership. The concept of shared ownership is now being successfully applied to the boating industry.  This represents a logical progression given the statistics in the industry.  The average yacht owner typically uses his vessel approximately 30 days each year.  The rest of the time the owner is paying for moorage, insurance, and maintenance on a depreciating asset.  In this context, it’s easy to comprehend the boater’s old adage that “the two happiest days in a boat owner’s life are the day he buys his boat and the day he sells it”. A number of shared yacht offerings have recently become available in the Eastern U.S., Canada, and the U.K.  The concept has also gained exposure through recent articles in Canadian Yachting Magazine (February, 2005) and Robb Report (January, 2005). A local version of this concept has recently been launched by One 4 Yacht Fractions in Granville Island, Vancouver, which offers premium power and sailing yachts at a fraction of the cost, integrated with a “hands on” management program to provide a high level of service and maintain the vessel to exceptional standards.  The program includes a scheduling service allowing owners to “pre-book” their 4 “prime” boating weeks each year and to reserve other times throughout the year as their schedules allow.  Yachts are currently available in Granville Island as well as Tsehum Harbour, Sidney. One 4 Yacht Fractions points out the distinction between vessel ownership and the time share concept.  While some options allow boaters membership rights and access to vessels, these do not provide any direct ownership.  One 4 Yacht Fractions owners actually get 16 of the 64 shares assigned to the vessel when it is formally registered as a Canadian Ship with the regulatory authorities.