Strategy

Membership Strategy

Pricing within the comparable band, a small differentiated founding cohort, and absorption underwritten to the measured pace — the membership engine that paces the whole project.

$250K / $50K

Standard initiation / dues

$1.0M + $500K

Founding initiation + RE credit (cap 15)

~20–27 / yr

Expected absorption pace

~1,515

Capacity at saturation

Pricing Simulators Tier structure Absorption pace

Pricing — within the band, not above it

The market evidence (see Comparable Facilities) places SBRC's standard pricing inside the demonstrated comparable band and flags where confirmation is needed.

Standard initiation

$250,000 sits within the comparable band — between Magarigawa and Monticello

Annual dues

$50,000 sits at the top of the band — confirm by a dedicated pricing study

Founding tier

$500,000–$1,000,000 defensible only for a small, clearly differentiated founding cohort

Realized vs. list

Expect realized prices below published list at the top end, as the benchmark records show

Model membership

Membership revenue simulator

One-time initiation and recurring dues revenue at a chosen price and active-member count.

Initiation price$250,000

Annual dues$50,000

Active members300

$75MOne-time initiation

$15.0MAnnual dues revenue

Founding tier and its $500,000 real-estate credit are handled separately. Capacity ceiling is 1,515 members.

Membership onboarding projection

Cumulative active membership over time at a chosen sustained pace, against the ~20-year strategic horizon and the 1,515-member long-run ceiling.

Sustained pace (members / year)30

Horizon (years)20

600Members at horizon

10 yrsYears to ~300 members

>40 yrsYears to 1,515 ceiling

The passive market pace is ~20–27/year; acceleration initiatives (founding, equity participation, corporate programs) lift the sustained pace.

Tier structure

SBRC membership tiers.
Tier	Initiation	Annual dues	Note
Founding (cap 15)	$1,000,000	$50,000	+ $500,000 real-estate credit
Standard	$250,000	$50,000	Within the comparable band

Capacity at saturation is ~1,515 members over an approximately ten-year horizon. A small founding cohort anchors the launch; the standard tier carries the bulk of absorption.

Absorption pace — the binding constraint

Pace, not price, governs cash flow and the absorption timeline. SBRC plans to the Expected pace and underwrites to the Conservative floor.

12–18/yrConservative

20–27/yrExpected

35–50/yrHigh (front-loaded)

Anchored to the measured benchmark (~21/yr) and Autobahn (~27/yr over 20 years).

Timeline implication. At the Expected pace, roughly 300 members absorb over about 12 years; 900 members would take ~36 years. A multi-year horizon, not a near-term sell-out, governs the plan.

Related analysis

Market Research Comparable Facilities Residential Development