Frequently asked questions

Luxara is a private Canadian real estate platform that unifies institutional-grade LP investment (LUXARA/Capital), deeded co-ownership of trophy properties (LUXARA/Estates), and direct booking of Luxara-owned properties (LUXARA/Reserve) under one brand. Each property is held in its own Canadian Limited Partnership. The operational portfolio includes Vista Bahia (Playas del Coco, Costa Rica - operating since 2022) and Serenity Point (Canmore, Alberta - possession July 31, 2026). The active pipeline is focused on additional Canadian Rockies markets, a second Costa Rica Estates property, and Atlantic Europe (Portugal in research phase from 2027). Luxara International Inc. was formed in 2025 and currently holds approximately $10M CAD in assets.

Vladlen Stark, CPA, CA, ICD.D. CFO of Remuda Building and Supplies, incoming Chair of the Financial Executives International Canada National Board, and a former PwC executive. He co-invests in every Luxara property on the same LP terms as every other investor.

Calgary, Alberta, Canada.

Yes. Luxara offerings are limited to accredited investors under Canadian and US securities law.

Generally, an individual qualifies if they have annual income exceeding $200,000 (or $300,000 with a spouse) for the last two years, or net financial assets exceeding $1 million, or net assets exceeding $5 million. Full criteria are detailed in National Instrument 45-106. We will verify accreditation as part of the subscription process.

A signed declaration plus supporting documentation (income statements, asset statements, or a CPA/lawyer letter). The exact process is part of subscription.

Yes, subject to home-jurisdiction qualification and cross-border counsel review. The Prohibition on the Purchase of Residential Property by Non-Canadians Act prohibits direct foreign purchase of residential property in Canadian Census Metropolitan Areas and Census Agglomerations (which includes Canmore) through January 1, 2027. However, the Act applies to direct purchases of residential property, not to subscriptions for securities of Canadian-controlled entities that hold residential property. A foreign accredited investor subscribing for LP units in a Canadian Limited Partnership (where the General Partner is a Canadian-controlled corporation and the LP made the property acquisition before the foreign investor subscribed) is purchasing securities under National Instrument 45-106, not residential property under the Prohibition Act. US, UK, EU, Swiss, Singapore, Hong Kong, and Australia accredited investors can typically subscribe through their home-jurisdiction private placement frameworks. Counsel review at Gowling WLG is required for any foreign-investor subscription. Allow 14 to 21 days for cross-border legal package preparation versus 7 to 14 days for a standard Canadian subscription. Full structural analysis: Foreign investors in Canadian private real estate.

You purchase Limited Partnership units. The LP holds the property. Your LP units represent a defined ownership percentage with all the economic rights of an equity owner: distributions, appreciation, voting on major matters.

A REIT pools capital across many properties and pays distributions from the aggregate cash flow. Luxara is single-asset: you know exactly which property you own a share of, where it is, what it does. You can visit it. You can use it (in tier-applicable cases). It is real estate ownership, structured for accredited investors.

Same legal structure (LP). Same accredited investor requirement. Difference: PE funds are diversified portfolios. Luxara is single-asset, so you review one specific property rather than trusting a diversified pool you cannot see into.

No. Timeshares are a contractual right to use, sold by a developer who retains the asset. Luxara is deeded LP equity ownership in a single specific property. Five structural differences: (1) deeded LP equity in real estate, not a contractual right to use; (2) owner voting on major decisions, not developer control; (3) published fair-market-value pricing, not developer-set markup; (4) defined resale through the Luxara Unit Transfer Program with documented owner support; (5) a finite single-property LP, not perpetual developer issuance against the same asset. Full structural comparison: /research/co-ownership-vs-timeshare.

Both structure co-ownership of luxury homes. The structural differences: Luxara uses a Canadian Limited Partnership with deeded LP equity; Pacaso uses a Delaware LLC with membership interests. Luxara publishes property fair-market-value pricing; Pacaso's 12% platform fee has been documented as a 20-32% effective markup above market. Luxara owners vote on major property decisions; Pacaso's LLC structure centralizes those decisions in the platform. Luxara facilitates owner-initiated resale through the Unit Transfer Program at then-current fair-market value; Pacaso resale is platform-mediated and documented to produce discounts. Luxara is Canadian-built for Canadian accredited investors under NI 45-106. Full comparison: /research/co-ownership-vs-pacaso.

Depends on the property and the structure. Serenity Point projects 29.2% five-year IRR (3.0x MOIC) base case at 65% occupancy and $4,800 CAD ADR. Vista Bahia is a co-ownership model: personal usage value plus quarterly LP distributions from rental income, distributed pro-rata to all unit holders. Detailed projections are in each property's investor materials.

Quarterly. Year 1 of any new acquisition is typically a ramp-up period with no distributions. Year 2 onwards is steady-state.

No. All projections are forward-looking estimates and are not guaranteed. Past performance does not guarantee future results. Real estate is illiquid.

The primary mechanism is owner-initiated unit resale through the Luxara Unit Transfer Program. When you want to exit, Luxara facilitates the introduction of your LP units to a qualified incoming accredited investor entering the same property at the then-current fair-market value (4% facilitation fee). Each transfer is an individual private transaction between qualified parties. The property is held long-term; the investor base recycles through it. Edge-case mechanisms exist for circumstances that warrant them: refinance and equity distribution, LP unit swap between existing investors, Luxara buy-back of units (available from 2028), and whole-asset sale (requires majority owner approval).

The Unit Transfer Program facilitates individual owner-initiated private transactions between qualified securityholders and qualified incoming accredited investors. It is not a marketplace as defined by NI 21-101: there is no continuous order book, no automated price discovery, and no facility that brings together multiple buyers and sellers. Pricing references the most recent fair-market valuation rather than automated price discovery. Each transfer is a private transaction between two parties. Luxara acts as a facilitator on behalf of the issuer for the resale of LP units between qualified parties.

Typically 2-6 months from the decision to exit through to closing of an owner-initiated unit resale through the Luxara Unit Transfer Program, depending on the property and the price. Real estate is illiquid by nature.

Each property has a planned hold period (5 years for Serenity Point, indefinite for Vista Bahia). At the end of the planned period, investors vote on whether to extend, refinance and distribute equity, or sell the asset.

Depends on the product line and the tier. LUXARA/Capital is pure investment at the entry tier (Explorer $100K CAD for Serenity Point - no usage). Higher Capital tiers for Serenity Point (Ascent $250K, Summit $550K) carry an annual owner-time points allocation. Approximate equivalence at Serenity Point: Ascent ~5 nights/year, Summit ~10 nights/year. LUXARA/Estates shares (Vista Bahia at $250K CAD per share) each include a points allocation for booking time. Specific point values and total annual allocations are set by Luxara, may change over time (communicated by Luxara, may be adjusted as the portfolio expands). The points-redemption waterfall - what happens to unused points - is documented in the Limited Partnership Agreement. In all cases, booking priority rotates year-over-year so no owner is locked out of peak season repeatedly. Going forward, new LUXARA/Capital offerings follow the same Serenity Point model - pure investment at the entry tier, points-based owner-time at the higher tiers.

Yes, through the Luxara Exchange. The Luxara Exchange is the cross-property booking mechanism that lets Estates owners and Serenity Point Ascent / Summit subscribers redeem their owner-time points for stays at any Luxara property in the portfolio. Point values vary by property (Serenity Point and Vista Bahia have different point-per-night redemption rates calibrated to each market). As the Luxara portfolio grows (Whistler trophy, Portugal, future properties), the same points can be redeemed at any of them.

LP income flows through to investors via T5013. The structure is designed for tax efficiency. We strongly recommend you consult your own tax advisor.

LP income flows through via K-1. The Canadian LP structure is recognized as a partnership by both the IRS and CRA, providing flow-through treatment. Consult your tax advisor.

Yes, particularly for the Costa Rica property held in a Canadian LP through a Costa Rica SRL. The structure is designed to be efficient but every investor's situation is unique. Consult your tax advisor.