Residence Club Packet 2014

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Frequently Asked Questions WHAT IS PRONGHORN? Pronghorn is a premier community and resort located 15 minutes east of Bend, OR. Pronghorn is set on 640 acres within one of the world’s oldest Juniper forests, ofering striking views of the Cascade Mountains from throughout the property. Pronghorn features an exceptional array of recreational amenities, including 36 holes of championship golf designed by two of the premier golf course architects in the world, Tom Fazio and Jack Nicklaus. In addition to golf, Pronghorn ofers outstanding spa, itness, swimming and tennis facilities, as well as a variety of recreational opportunities for children of all ages. Pronghorn is primarily a second home community. WHERE IS PRONGHORN? Pronghorn is located east of Bend of the Powell Butte Highway about 25 minutes from downtown Bend and approximately 45 minutes from Mt. Bachelor. HOW DO I GET TO PRONGHORN?

WHAT TYPES OF REAL ESTATE OPPORTUNITIES ARE AVAILABLE AT PRONGHORN? Estate Homes and Home Sites are located throughout the Nicklaus and Fazio golf courses with breathtaking views of the Cascade mountains. Custom architectural designs honor the richness of the area’s natural elements bringing an attractive unity to the community. Tesana is located between the Fazio and Nicklaus golf courses with striking views of the Cascade mountain range. The Villas are wholly owned units and highlight architecture of elegant stone, stucco, and timber that is enriched by a variety of roof lines and stairs. The Villas are located just footsteps from the Trailhead Grill, swimming pools, tennis courts and itness center. The Auberge Residences ofer a choice of fractional or whollyowned real estate opportunities. The Residences are located around the 18th hole of the Jack Nicklaus Signature Golf Course and feature both 3 and 4 bedroom loor plans.

Pronghorn is easily accessible by car and plane. We are located 15 minutes east of Bend via Powell Butte Highway. Commercial and private air service is nearby – Roberts Field (RDM) is 20 minutes away and ofers commercial and private service. Bend Airport is 10 minutes away and ofers private services.

There is no time limit to build once you purchase a home site.

WHAT ARE THE CLUBHOUSE & TRAILHEAD LIKE?

Yes. HOA Fees vary based on the type of real estate purchased. Pronghorn’s Membership Manager or the real estate sales team can provide information on current HOA Fees.

The Clubhouse is an approximately 55,000 square foot facility for the enjoyment of our Members and their guests which includes: Chanterelle, our ine dining restaurant; Cascada, our more casual dining restaurant; the Spa at Pronghorn, men’s and women’s lounges and lockers, as well as a business center and private meeting and event accommodations . The Trailhead is the family recreational facility which includes The Trailhead Grill, swim and tennis facilities and is the base camp for Pronghorn Adventures and Camp Pronghorn.

IS THERE A TIME LIMIT TO BUILD?

ARE THERE HOME OWNER’S ASSOCIATION FEES?

WHO ARE THE OWNERS AND MANAGEMENT COMPANY? Pronghorn is owned by The Resort Group and is managed by Auberge Resorts. Auberge Resorts is a diverse collection of exceptional properties in some of the world’s inest and most inspiring destinations. Recognized as creating resorts that authentically express the best of each unique locale, Auberge Resorts was recently named as the #5 hotel brand in the world by the readers of Travel+Leisure magazine.

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WHAT ARE PRONGHORN’S GOLF FACILITIES?

WHAT ARE THE CURRENT MEMBERSHIP DUES?

Pronghorn features a 55,000 sq. ft. clubhouse with men’s and women’s locker rooms as well as the Golf Shop. Golf facilities include the 18 hole Jack Nicklaus Signature course, the 18 Hole Tom Fazio course for qualifying Membership types, the Jack Nicklaus short game area, the Tom Fazio short game area for qualifying Membership types, and the Troon Golf Academy and practice facility.

Premier Golf Premier Sports Signature Golf Signature Sports Premier Resident Golf Signature Resident Golf

$1000/month $465/month $615/month $418/month $195/month (per 1/12th) $99/month (per 1/12th)

WILL MY FAMILY HAVE PRIVILEGES AT PRONGHORN? WHAT OTHER PRIVILEGES ARE INCLUDED WITH MEMBERSHIP AT PRONGHORN? In addition to a refundable Membership deposit and no food and beverage minimums; Membership provides for use of the tennis courts, swimming pools, spa, Member-only social activities, preferred pricing on Golf Shop and food and beverage purchases, access to the Troon Golf Academy, Camp Pronghorn and Pronghorn Adventures, and complimentary shuttle to/from the Bend or Redmond Airports as well as Mt. Bachelor during the ski season. HOW MANY GOLF MEMBERS ARE ALLOWED? The maximum number of Memberships permitted to be issued in the Club will be as follows: Premier Golf/Resident/Sports Combined not to exceed 400 Members Signature Golf/Resident/Sports Combined not to exceed 300 Members WHAT IS THE DIFFERENCE BETWEEN PREMIER AND SPORT MEMBERSHIP STATUS? Premier Membership status provides Members access to the Tom Fazio golf course and the Ghost Tree Lounge and locker room facilities.

The Member’s spouse, parents, grandparents, grandchildren and adult children can enjoy the Club’s facilities on the same basis as the Member without having to pay additional Membership dues. CAN MEMBERS INVITE GUESTS TO PRONGHORN? Members may have guests use the Club’s facilities upon payment of the applicable guest charges in accordance with the Member’s category of membership. The Club may limit the number of guests and the number of times a particular guest may use the facilities during each Membership year. IS MEMBERSHIP REQUIRED WITH A LOT OR HOME PURCHASE? Membership is required for most property purchases and is included in the price of most real estate purchases. Membership is optional for those purchasing a fractional Auberge Residence Club unit. CAN A MEMBERSHIP BE TRANSFERRED? A Member who sells his or her property in Pronghorn must resign his or her Membership in connection with the sale and the prospective purchaser shall be required to complete the application process prior to close of the escrow on the property. A Member can request the transfer of his or her Membership to an adult child or grandchild who is approved for Membership in the Club without payment of any additional Membership deposits.

WHAT IS THE CURRENT REFUNDABLE MEMBERSHIP DEPOSIT? Premier Golf Premier Sports Signature Golf Signature Sports Premier Resident Golf Signature Resident Golf

$115,000 $115,000 $80,000 $80,000 $15,000 (per 1/12th) $8,500 (per 1/12th)

For real estate opportunities, contact our sales team at 541-693-5411 or debtebbsgroup@bendluxuryhomes.com. Sales oice open 7 days a week. 6 5 6 0 0 Pro n g h o r n C l u b D r i ve, B e n d, O R 9 7 7 0 1 • 5 4 1 - 6 9 3 - 5 3 0 0 • w w w. p ro n g h o r n c l u b. co m


Residence Club Unit FAQs What is the Residence Club at Pronghorn, an Auberge Resort?

What else can I do while staying at The Residence Club?

Enjoy all of the world-class amenities you would typically ind only at a 5-star resort, with the charm and character of a residential community. On top of it all, you’ll ind shared-ownership residences that raise the bar on luxury living at one of the irst of its kind in the Paciic Northwest.

Besides having one of the longest golf seasons in the country, being located in the heart of Central Oregon allows for a variety of recreational activities including skiing, ishing, hiking and biking. Most of these can be done year-round with ease, as a result of our proximity to the mountains and 300 plus days of sunshine a year.

Where is The Residence Club?

What are the beneits?

The Residence Club at Pronghorn provides golf-in, golf-out living along the 18th hole of the Jack Nicklaus Signature Course and consists of 16 units. Situated near the heart of the Pronghorn community near the 55,000 square foot Clubhouse, Spa and Wellness Center and The Trailhead – the family recreation center.Spacious living surrounded by 20,000 acres of protected land and spectacular mountain views plus year-round golf.

A member of The Registry Collection exchange network, The Residence Club offers members exchange opportunities with 5-star resorts around the world.You can trade your usage interest a week at a time, in order to experience other dreamlike destinations. As an owner, your irst year’s membership to The Registry Collection exchange program is paid. Additionally, while at The Residence Club at Pronghorn, an Auberge resort, owners experience irst-class services – from optional pre-stocked groceries to personal concierge services. Private year-round storage services are also offered.

How big are the units & what do they look like? The Residence Club units are three and four bedroom, villa-style townhomes ranging from 2,000 to 2,600 square feet. With premium furnishings and irst class appliances, no luxurious detail was spared in design or construction. Units include: gourmet kitchens with granite countertops, home theater systems with 42-inch lat-panel TVs, high-speed internet access and WiFi, original artwork throughout, views of the Nicklaus course, natural stone ireplaces, private decks with built-in gas grills, handcrafted stone ire pits and private garages. Do I have to buy a membership? Membership is not required with fractional ownership. However, it is more beneicial to the owner to have a membership with the Club. There are two types of membership associated with fractional ownership. Premier Resident Golf Membership which includes unlimited access to both the Fazio and Nicklaus courses while in-residence and Signature Resident Golf Membership which includes unlimited access to the Nicklaus golf course while in residence.

Why fractional ownership? The private residence club industry is quickly becoming the option of choice for second-home owners, much the same way fractional jet ownership has redeined luxury jet use. Those looking for real estate that provides exclusivity, comfort and lexibility, without the cost & upkeep of a traditional vacation home, have found private residence clubs to be the perfect choice. It gives you the privilege of owning a high-end vacation home at a fraction of the cost. If you only use your vacation home a few weeks a year, your inancial commitment to an interest in The Residence Club will more closely match your usage patterns than the purchase of a wholly-owned residence. How is a residence club different than an ordinary timeshare? A residence club is far more exclusive, providing many more amenities and services. Premium ixtures and

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Residence Club Unit FAQs How is a residence club different than an ordinary timeshare? (cont.) furnishings make the residence club a home in which you can comfortably live and entertain in. And, as mentioned previously, through membership in the Registry Collection exchange network, your ownership allows you the lexibility in your vacation planning with access to other ine resort facilities throughout the world. Plus, when you purchase a speciic 1/12th, you are deeded to a speciic unit unlike in a timeshare.

What are the HOA Fees? 2014 HOA fees have decreased since 2013 and vary by unit. Three bedroom units are approximately $490 per month and four bedrooms are approximately $620 per month.

How is ownership of a residence club share conveyed? Ownership interests are conveyed by a deed, which is recorded and is guaranteed by a title insurance company. Each member of The Residence Club at Pronghorn, an Auberge Resort, will own a deeded, fee-simple interest in their selected residence club unit, including elegant furnishings and accessories. How much can I own? The Residence Club units are sold in 1/12th fractionals; you may own 1/12th, 1/6th, or 1/4th. 1/12th ownership includes 2 weeks in the Summer and 2 weeks in the Winter. 1/6th ownership includes 4 weeks in the Summer, two weeks in the Winter, 1 holiday week and one loat week. 1/4th ownership includes 6 weeks in the Summer, 3 weeks in the Winter, 2 holiday weeks and 1 loat week. How do I reserve my stay? Owners receive a reservation request form no later than Nov. 15th and must submit their request for the following year no later than Dec. 15th. Reservations are booked on a irst come irst serve basis based on when reservations are submitted. Registry Collection works on a credit basis. Weeks receive a pre determined credit value based on season and Owners can deposit any week that they receive during the booking process. The credits they receive for each deposit can be used towards other Registry Collection properties based on availability. Credits are valid for a minimum of 1 year after their deposit. 6 5 6 0 0 Pro n g h o r n C l u b D r i ve, B e n d, O R 9 7 7 0 1 • 5 4 1 - 6 9 3 - 5 3 0 0 • w w w. p ro n g h o r n c l u b. co m


2014 SIGNATURE RESIDENT GOLF MEMBERSHIP BENEFITS SUMMARY Pronghorn boasts an impressive membership and is very proud of the beneits it ofers them, including vertical membership. Members are entitled to unlimited use of the following beneits: Clubhouse, Trailhead, locker rooms, itness facilities, pools, hot tubs, tennis court, Concierge services, member-only driving range area, Troon Golf Academy access, 20% of apparel merchandise in the Golf Shop, 15% of food & beverage purchases, Camp Pronghorn & Pronghorn Adventures, valet service, complimentary shuttle to/from Redmond and Bend airports & Mt. Bachelor (during the winter only), Troon Golf programs, social events, no assessments, no food & beverage minimums and reserved member tee times on Friday, Saturday & Sunday.

Deposit: $8,500 per 1/12th

Monthly Dues: $99 per 1/12th

signature resiDent golf Benefits: (these beneits apply while in residence)

Unlimited use of the Nicklaus course, Nicklaus practice area, GrayRock Locker Room access in the Clubhouse, Troon PrivĂŠ Privilege reciprocal programs, Member events including golf tournaments, Handicap Association dues paid, No tee time restrictions

accoMpanieD guest fee: Nicklaus

$105 June - September (including cart) $85 May & October (including cart) $62 November - March (including cart) $75 April (including cart)

MeMBer sponsoreD rate: Nicklaus

$170 $125 $92 $95

caDDie fee:

June - September (including cart) May & October (including cart) November - March (including cart) April (including cart)

Walking Caddie $50 per bag plus gratuity (48 hour advance reservation is required) Forecaddie

$22 per player plus gratuity (48 hour advance reservation is required)

** Additional forecaddie fee required for Sponsored Guests ** Member must call Golf Shop and arrange for guest to play. All dues, beneits, fees and other charges are subject to change. I acknowledge that I have read and fully understand the membership plan, membership rules and regulations, schedule of dues and fees, and membership agreement.

Signature: Print Name:

Date:


2014 PREMIER RESIDENT GOLF MEMBERSHIP BENEFITS SUMMARY Pronghorn boasts an impressive membership and is very proud of the beneits it ofers them, including vertical membership. Members are entitled to unlimited use of the following beneits: Clubhouse, Trailhead, locker rooms, itness facilities, pools, hot tubs, tennis court, Concierge services, member-only driving range area, Troon Golf Academy access, 20% of apparel merchandise in the Golf Shop, 15% of food & beverage purchases, Camp Pronghorn & Pronghorn Adventures, valet service, complimentary shuttle to/from Redmond and Bend airports & Mt. Bachelor (during the winter only), Troon Golf programs, social events, no assessments, no food & beverage minimums and reserved member tee times on Friday, Saturday & Sunday. Deposit: $15,000 per 1/12th

Monthly Dues: $195 per 1/12th (if you are a Member on 3 or more shares: $185)

preMier resiDent Golf Benefits: (these beneits apply while in residence)

Unlimited use of Fazio & Nicklaus courses, Nicklaus & Fazio practice areas, Members Only Area in the Clubhouse, Troon PrivĂŠ Privilege reciprocal programs, Member events including golf tournaments, Handicap Association dues paid, No tee time restrictions

AccoMpAnieD Guest fee: Nicklaus/Fazio

$105 June - September (including cart) $85 May & October (including cart) $62 November - March (including cart) $75 April (including cart)

MeMBer sponsoreD rAte: Nicklaus

$170 $125 $92 $95

June - September (including cart) May & October (including cart) November - March (including cart) April (including cart)

$225 $195 $147 $155

June - September (including cart) May & October (including cart) November - March (including cart) April (including cart)

Fazio

cADDie fee:

Walking Caddie $50 per bag plus gratuity (48 hour advance reservation is required) Forecaddie

$22 per player plus gratuity (48 hour advance reservation is required)

Additional forecaddie fee required for Sponsored Guests ** Member must call Golf Shop and arrange for guest to play. All dues, beneits, fees and other charges are subject to change. I acknowledge that I have read and fully understand the membership plan, membership rules and regulations, schedule of dues and fees, and membership agreement.

Signature: Print Name:

Date:







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