Online real estate investment management firm HomeUnion is teaming with the First Guardian Group's Sperry Van Ness, a real estate investment and management firm specializing in retail, office, multifamily, student housing and land properties.
Many of the firm's clients utilize 1031-exchange transactions, which enable investors to defer capital gains taxes by reinvesting in income-producing real estate investments.
According to HomeUnion, the purpose of the partnership is to expose First Guardian investors to the single-family rental (SFR) investments listed on HomeUnion.com.
HomeUnion CEO Don Ganguly says the company can offer commercial real estate investors participating in 1031 exchanges high-quality, fully vetted and managed real estate investments in markets with high returns that also meet the requirements set forth by the IRS.
"Unlike most types of commercial real estate, HomeUnion properties offer investors a completely passive way to acquire real estate," Ganguly says.
First Guardian Group CEO Paul Getty adds a majority of First Guardian clients utilize 1031 exchanges to defer taxes when selling, but face challenges identifying suitable replacement properties within the narrow 45-day window allowed by the IRS.
"Often, the replacement property will not completely cover the value of the desired exchange," Getty says.
That's where HomeUnion comes in to bridge the gap with its array of fully vetted and professionally managed SFRs.
Another challenge frequently facing commercial real estate investors is the difficulty finding good local management that can assure that their investment objectives are met.
"With HomeUnion's end-to-end real estate investing platform, including full on-site management, investors are spared the efforts to interview and select competent management professionals," Getty says.
"This is a great alternative to other investment options our clients have."
The partnership also enables First Guardian to offer multifamily properties for sale on HomeUnion.com.
Based in San Jose, Calif, Sperry Van Ness/First Guardian Group is a full-service investment and management firm specializing in retail, office, multifamily, student housing and land sales.
For more information, visit http://svnfgg.com/services/