Event Details

"Fractional Ownership - Facts & Opportunities" - Sponsored by Island Gardens Residences, Miami


Panel Discussion on “Fractional Ownership - Facts and Opportunities”

MIAMI, FL - The Miami Master Brokers Forum (MBF), an organization comprised of South Florida’s top residential real estate agents, recently held a dinner and panel discussion focusing on the rising popularity of fractional residence ownership. Fractional investments are an entry to the high-end luxury marketplace and target wealthy clientele who enjoy the affluent lifestyle without the responsibility of full ownership. Currently there are 267 fractional ownership clubs around the world.

Flagstone Property Group and its extraordinary Island Gardens, Miami, A Yachting Resort sponsored the event at the Adrienne Arsht Center for the Performing Arts. The evening began with a cocktail reception, followed by the panel discussion and dinner. Mehmet Bayraktar, chairman and CEO of Flagstone Property Group, and Philip Freedman, vice president of residential sales for The Residences at Island Gardens, welcomed the guests and made brief presentations prior to the panel discussion.

The panel discussion, "Fractional Ownership - Facts and Opportunities" was moderated by Matthew Haggman, real estate reporter for The Miami Herald. The panelists included John Melicharek; a partner with the Orlando-based law firm of Baker & Hostetler and a specialist in the resort, hotel, travel and leisure industries; Bob Waun, CEO and co-founder of Vacation Finance-America’s First Second-Home Lender, and a pioneer in the field of consumer financing for second and vacation homes; and James Whitteron, a partner with Spring Creek Partners and an innovator in fractional residence development.

“As Master Brokers, we know the market is always changing, and we always need to be educating ourselves accordingly. The emergence of fractionals in Miami and South Florida is an exciting new phenomenon, and we were delighted to learn from this remarkable panel,” said Alicia Cervera Lamadrid, chair of the Miami MBF. “We thank our friends at Flagstone Development for sponsoring such an informative and elegant affair.”

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Alicia Cervera Lamadrid, Miami Master Brokers Forum chair; John Melicharek, Baker & Hostetler; Philip Freedman, The Residences at Island Gardens; Donna Bloom, Miami MBF event chair; James Whitteron, Spring Creek Partners; Helen Jeanne Nicastri, MBF Inc. chair; Mehmet Bayraktar, Flagstone Property Group; Matthew Haggman, The Miami Herald; and Bob Waun, Vacation Finance

Miami Master Brokers Carole Smith and Suzanne Anderson

Miami Master Brokers Stephan Burke, Berk Boge, Christine Monge, and Wanda Bee