We have recently begun to organize a portfolio of some of our commercial/industrial properties to be offered as additional TIC equity investments. At this time, the “Faggart TIC” investment offering is available.
The Faggart TIC involves purchasing an equity interest in the industrial property located at 384-391 Faggart Avenue, Concord, NC (the “Asset”). Equity interests will be purchased as a tenant-in-common (“TIC”) with the existing property owner, Morgan Legacy SPE, LLC, a division of Morgan Legacy Partners, Inc., and other prospective purchasers. Interests are offered at a minimum of $50,000 for a 3.285% ownership interest in the Asset.
The nature of a TIC investment is the purchasing of an equity interest in real estate. Your regular return on investment will vary with the performance of the project. As an owner of real estate, you will receive a share of proceeds at sale. Given the strong performance of this Asset, no sale is anticipated.