Legacy Property Trust
Legacy Property Trust is NAI Legacy’s flagship private REIT offering. Legacy Property Trust intends to create an ownership platform that will offer structured tax deferred solutions to real estate investors that are either selling low tax basis real estate assets and/or looking to reinvest real estate sales proceeds as part of an Internal Revenue Code 1031 exchange. The Trust anticipates its portfolio will consist of commercial and multi-family properties, real estate securities, and other real estate related assets including leasehold interests.
The Fund’s initial focus will be to identify and work with individuals, families, and entities that, as a result of depreciation, own real estate assets at a low tax basis and are subject to a significant taxable gain, including recapture, if their real estate assets are sold for cash under a traditional closing. The Trust anticipates that the majority of our investments will be commercial and multi-family real estate, including industrial, retail, office and apartment assets that are identified to specifically meet the investment criteria of its customers.