The advice to diversify investments has been heeded by individuals and entities alike – and the ownership of interests in commercial real estate assets has grown. While ownership has grown, professional advisors customarily charged with advising on investment portfolios do not have the experience or knowledge needed to advise on commercial real estate assets. Real Estate Legacy Planning and Consulting, Inc. (RELP) was started to fill this gap in market.
RELP has developed a program to provide a seamless transfer of knowledge in the event of a catastrophic, life changing event to a commercial real estate investor or sponsor. Examples of the people that will benefit from RELP’s services are as follows:
- Individuals that have invested in entities that own commercial real estate and will be passed to future generations that have no, or limited, real estate experience.
- Sponsors of real estate investments need to have a back-up plan in place to effectuate their business plan for their investors and heirs/beneficiaries if they become unable to serve as the manager/general partner during the lifetime of the investment.
- Wealth managers that have clients with commercial real estate investments.
- Trust companies that serve accounts that own commercial real estate will benefit by having an outside, third party, non-conflicted firm specializing in commercial real estate for their client’s benefit.
- Family partnerships will benefit from having a non-conflicted, third party to offer advice to avoid internal conflict.
In the past, many have looked towards children and friends to assist with these assets, but we believe this is not the most effective way to pass these assets on to future generations. We believe planning, and communication, with people who know the business, puts your investment in the best hands so future generations can profit.
In Summary, RELP provides cost efficient, non-conflicted advice to those who own commercial real estate interests or advise in the area of the commercial real estate industry. The principal of RELP has nearly 40 years of commercial real estate experience in the capitalization of commercial real estate, and as a Sponsor/General Partner, and a Limited Partner.
If we learned anything from 2020, it is to be prepared in the event of the unexpected. As we move deeper into 2021 and the unexpected keep coming, please peruse the RELP website at www.relpconsulting.com and contact them if you would like to have an introductory conversation at no charge.