Limited Partnerships and LLC's
Limited partnerships (LP) are wonderful ways to buy property. Unfortunately, sometimes they don’t work optimally for all partners as individual and property goals change over time. And sometimes the asset suffers because there is no consensus on the next step. Properties continually need maintenance and direction or their value erodes. If you are in a LP or LLC, either as general partner (GP) or LP, and there needs to be a change in the status quo, lets us look at your options. We may be able bridge a solution for all parties that gets the operations of partnership going again or gets you out.
If you are currently the beneficiary of an estate or trust, maybe it’s time to get an expert overseeing your assets. We understand that with multiple beneficiaries, it can be extremely difficult to make decisions regarding the future of a real estate asset. Seldom do multiple objectives align. Let us help you as an unbiased third-party get the asset moving in the best direction for all parties.
Thinking about setting up a Trust? While we are not lawyers, we understand the need to address the future of the property without your day to day control, whether that’s now or in the future. And whether it’s an envisioned transfer after the owners death or just looking to move the asset to a relative or charity in the near future, we will help you locate capable legal assistance to ensure that you have someone experienced in the relevant real estate dynamics so that the ultimate transfer of the asset doesn’t have unforeseen problems.
If you are a trustee or person responsible for other’s real estate assets, let us help you with your real estate decisions. As a caretaker, you should make sure the real estate assets are getting the same expertise as the financial assets. We’ll be happy to provide the research and market experience to ensure your fiduciary responsibilities are covered.
Many non-profits are at a crossroads when it comes to owned real estate. Some have outgrown their space while others have too much today. We can help you evaluate what your best options are to meet your space needs. Or have an investment or donated property that you’re unsure of what to do with? Let us evaluate how it can best help you meet your goals for income and/or asset growth.
Trustees or Caretakers
Besides individuals, much of the time real estate is owned by various types of groups or entities where there is no single decision maker (or at least not without others input into a decision). Sometimes, this situation results in deferred maintenance or missed opportunity. At other times, expiring tenants or system failures can result in the partnership needing substantial cash to address the issue. As a third-party, we can help get the decision process refocused on what are the best options for the asset to meet the group’s stated goals. We can’t decide for you, but sometimes having well thought out choices or options helps the process move forward.
Many churches are at a crossroads when it comes to their building and real estate. Some have outgrown their space while others have too much today. Maybe your congregation has moved further from away your present location or you just need new or a different kind of space. We can help you evaluate what your best options are to meet your needs, whether that’s selling and relocating, rebuilding, or a maybe a joint venture with compatible building users who have off peak space needs.
Have an investment or donated property that you’re unsure of what to do with? Let us evaluate how it can best help you meet your goals for income and/or asset growth.
Many property assets remain in the personal name of the owner. There's alot to do. Let us help you enjoy your asset!