Disney Vacation Club (DVC) is a vacation timeshare division owned and operated by Disney Vacation Development, Inc., a subsidiary of Walt Disney Parks and Resorts, a unit of The Walt Disney Company. It allows buying real estate interest in a DVC resort. Disney Vacation Club's Senior Vice President is Ken Potrock. To be a DVC member, one must purchase a one-time real estate interest in one of the Disney Vacation Club Resorts, and thereafter pay annual dues. All ownerships are sold as either a ground lease or a term-for-years.