Bloomington, Minnesota-based NAI Legacy has formally launched it Private Client Program, designed to provide tax-incentivized and tax-deferred real estate solutions to individual investors and family offices.
After completing nearly $100 million of tax-deferred and tax-efficient transactions during the past year, and given the growing demand from individual investors for real estate investments, NAI Legacy launched the program to provide tailored real estate tax solutions to high-net worth families and individuals.
“In the next 10 years, 80 percent of the current commercial real estate leaders in this country will be retiring,” said Duane Lund, chief executive officer of NAI Legacy. “And as they retire, these owner- operators and investors will be faced with unique tax ramifications and problems that our Private Client Program will address and solve.”
The NAI Private Client Program anticipates expanding the program with the addition of six to 12 Private Client Advisors over the next year. The program will utilize the global network of nearly 400 NAI offices to provide clients with unparalleled access to opportunities nationwide.
“Every investor has unique investment goals and varying risk/return needs,” said Lund, “our Private Client Program will enable us to provide a personal and tailored investment experience to our clients and expand our investment program”.
The NAI Private Client Program plans to roll out an expansion into South Florida in Early 2021.
“The South Florida market is home to large numbers of ‘snowbirds’ and retirees that have originated from Minnesota and other cold-weather Midwest states,” said Michael Houge, NAI Legacy’s managing director. “Our hope is that we can help some of them take advantage of some amazing opportunities found in the Tax Code, while investing alongside us in high-quality and essential commercial real estate assets.”
