We are a highly specialized investment advisory firm that assists High Net Worth Individuals, Business Owners, Family Offices, and Wealth Managers with the real estate component of an operating business or investment portfolio. We provide consultative services focusing on "bricks and mortar" assets including helping our clients identify real estate investment opportunities that enhance their overall wealth management strategies
Legacy was created to fill a void in the Financial Services Sector. Even the most skilled wealth managers have very little, if any, experience in real estate other than with real estate equities and large real estate funds. Diversification into real estate hard assets is important, yet historically that expertise is not delivered as part of a wealth advisory team so clearly there is an important piece missing from the puzzle. A typical team includes legal counsel, financial advisors and accountants. We become an integral part of your advisory team and insure that you can avail yourself of the full spectrum of wealth enhancement opportunities, including both passive and active real estate investments.
Legacy Real Estate Advisors....bridging the gap between Traditional Money Management and Transactional Real Estate Brokerage
The keys to developing a successful retirement and financial succession plan for you and your family are many, but in particular diversity and asset transferability are among the most important. Real estate investments can be an important and lucrative component of your overall investment portfolio, but the critical question when it comes to real estate is whether you are creating generational wealth or liabilities for generations? Your real estate portfolio should be closely aligned with your tolerance for risk, your level of experience, and how it will transfer to future generations.
Investment Real Estate can take many forms. It can range from small income producing residential properties, to office buildings, long-term net leased retail properties, land, large scale commercial development, to passive equity investments in joint ventures and opportunity zone funds. It can also include the real estate used for an owned business. In many instances it is inherited. Investing in real estate can be complex including in many instances guaranteeing debt, proving property management services, overseeing development consultants, and the risk inherent in real estate that occurs during economic downturns.
At the core, the key to developing a sustainable real estate investment portfolio is first determining its purpose. Is it to generate liquidity and transfer that liquidity to the next generation, or is it to build a cash-flowing asset base which will then be transferred. Once again, the answer is usually determined by your family's tolerance for risk, and their ability to continue to sustain that portfolio. In many instances monetizing owned real estate is the most prudent course of action if the next generation does not have the interest, or ability, to maintain it.
Don has over 30 years of commercial real estate, finance, wealth management and business consulting experience having facilitated some of the largest commercial real estate and financial transactions in the Greater Boston area. Don started Legacy Real Estate Advisors because he saw a void in the wealth management industry where High Net Worth Individuals were not able to find the bricks and mortar real estate expertise they needed in the traditional financial services model. He brings a unique combination of financial planning and real estate investing expertise which enables him to enhance his clients real estate investments in the context of their overall holistic wealth management.
During his 30-year career, John has provided his clients with diverse and market-leading services, completing more than $1 billion in sale and lease transactions. John is a Co-founder and Principal at Thompson Hennessey & Partners, which provides tactical real estate brokerage services for Legacy clients. In addition to strategic consulting, John also is responsible for identifying and facilitating investment opportunities for our clients
When a business owns its real estate, the business owner has a number of ways to monetize it including refinancing, and/or executing a sale-leaseback. In addition, when a company is sold, if a long-term credit enhanced lease is executed, tremendous financial gain can be realized. We can provide advisory and tactical real estate services while you own your business and after you have sold it to maximize the financial value of that real estate, and create the most viable exit strategy for your family.
In addition to owned real estate, through our real estate brokerage company, Thompson Hennessey & Partners, we provide a suite of services to help companies who lease space manage that real estate cost effectively. Our Corporate and Tenant Real Estate Practice acts as your advocate to help with lease renewals, expansion, relocation, and services designed to help reduce expenses including lease administration, lease audits, and cost segregation.