Why was Fractional Real Estate created?

Fractional Real Estate was created for the same reasons that jets and yachts have been fractionalized. Simply stated, there are some luxury assets that you can’t use 100% of the time and therefore it doesn’t make financial sense to make 100% of the payments on those items while also performing 100% of the maintenance. The first Fractional Real Estate development was created at Deer Valley Resort in 1993 and today Fractional Real Estate is found throughout the US and around the world.