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Obama’s Vineyard Vacation Rental Is Investor’s Estate

President Barack Obama and his family fly this weekend to Martha’s Vineyard for a vacation at a rented multimillion-dollar modernist home owned by Chicago investment banker and Democratic Party donor David Schulte.

The 5,000-square-foot, four-bedroom house sits on nine-and a-half acres in Chilmark, Massachusetts, and includes an infinity pool, a half basketball court, gym, and tennis court, according to a person familiar with the arrangements, who asked for anonymity because the trip details haven’t been made public.