Minneapolis, Minnesota – NAI Legacy is pleased to announce that they have closed the 1031 syndication of a Kid Zone Early Learning Center located in Hopkins, Minnesota. NAI Legacy has organized the ownership of the property under a Delaware Statutory Trust, which is a popular legal structure that can be used to hold investment real estate assets. The DST structure allows several investors to invest directly in beneficiary shares of the Trust. This legal structure gives investors additional flexibility over traditional ownership, and the DST qualifies for the 1031 treatment. As the DST sponsor of the Kid Zone property, NAI Legacy has helped supply four investors, from Minnesota and of Wyoming, 1031 exchange solutions.
The property has also been designated an area of ââopportunity with the aim of stimulating economic development through real estate improvements. NAI Legacy and Kid Zone began renovating their property to convert the vacant medical clinic into a more suitable space for young learners. An investor from Minnesota, who wished to remain anonymous, commented, âThis offer was an attractive tax solution for me. It has doubly deferred my taxes but is also located in an area of ââopportunity, so real estate improvements will greatly appreciate the value of ownership and hopefully will provide a significant return after my period of ownership. This offer was exciting for me because of the unique tax incentives. “
This is another of NAI Legacy’s successful DST syndications over the past month. With Kid Zone, NAI Legacy has fully unionized HR | Minneapolis and Silverstar Car Wash. Every single property allows passive ownership with professional management. Michael Houge, Managing Director of NAI Legacy, said: âWe were able to syndicate this deal very quickly, in part because the market is very hot right now and there is a growing need for real estate investments to resolve the issues. tax issues. Kid Zone is a prime example of our ability to provide tax-efficient real estate solutions to our clients. “
About NAI Legacy
Combining the latest technology with a traditional focus on customer service, the NAI Legacy team provides strategic advice, administrative support and brokerage services for properties totaling nearly 2,500,000 square feet. With business lines including property management, traditional sales and rental services, and 1,031 tax-deferred exchange solutions, NAI Legacy is adept at navigating all aspects of quality commercial real estate engagements.
For more information on tax strategies, contact one of our team members at www.nailegacy.com.