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NAI Legacy Completes Syndication of $43M DST Portfolio
NAI Legacy has fully subscribed the $42.5-million Essential Net Leased Midwest DST offering. As a sponsor of the DST, Minneapolis-based NAI Legacy helped 50 1031 Exchange investors from 18 states: Colorado, Florida, Georgia, Kentucky, Massachusetts, Maine, Minnesota, Montana, North Carolina, New Hampshire, New Jersey, New York, Oregon, Rhode Island, Texas, Virginia, Washington, Wyoming.
“The partnership between NAI Legacy and our managing broker-dealer, Emerson Equity, was fundamental in bringing several investors into the asset,” said COO DeeAnn Peissig. “The speed of the syndication of this portfolio was outstanding. Emerson connected us with investors that are now invested in a high-quality, diversified portfolio of net-leased properties.”
Added Spencer Lund, SVP of investments, “Given our current economic cycle, investors have been eager to participate in our offerings, which have been designed to preserve capital and to pay attractive returns that are both pandemic resilient and can be largely tax deferred.”
- ◦Financing
