SAN DIEGO—Combining vacation benefits or dividends with investing in vacation-rental properties is a new model that can withstand a potential economic downturn, Equity Residences' managing director Greg Salley tells GlobeSt.com. this concept and why it makes sense for real estate investors

The firm allows buyers to make a low-risk investment in luxury vacation homes in destinations including Lake Tahoe, Hawaii and Florida and enjoy it with friends and family immediately; the property is managed as an investment first, with the purpose of providing a profit for investors once it's sold.

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Carrie Rossenfeld

Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.