Legacy Investment Group is a commercial real estate investment company founded by Ben Kall and Jonah Waxman. Our purpose is to help our investors achieve their own personal financial goals by investing directly alongside us in cash-flowing commercial real estate. Our mission is to find superior risk-adjusted returns in self-storage, multifamily and essential neighborhood retail centers in select Midwest markets. Our investors are Accredited Investors who are looking for a combination of equity growth, regular cash flow and pass-through tax benefits.

Alignment: Legacy invests its own money directly alongside our investors in the same equity sleeve and Legacy is often the largest investor in the property. Investors get 100% of the distributions until all invested capital is returned plus any applicable preferred return. This is to maximize alignment - we want the same outcome for our money as yours!

Transparency: We always communicate directly with our investors on our wins, setbacks and lessons learned. Honesty and open communication is core to our personal values and our business.

Extreme Ownership: we treat our investors’ capital like our own. We know how hard you have worked to save it and we take on this responsibility with the highest level of integrity.

Legacy Investment Group handles all aspects of the acquisition process, such as negotiations with the seller, due diligence on the property, and market research on the area. Legacy structures the debt (personally guaranteeing it if needed) and raises investor capital. Legacy oversees all day-to-day operations and value-add plans and functions as the property manager and asset manager. Legacy provides quarterly updates on each property to investors and also maintains an investor portal where investors can view their investments, returns and important documents at any time. We position the property to maximize value for an eventual sale. We are always available to answer any investor questions.

Legacy Investment Group offers investors the opportunity to invest directly alongside us in single property offerings for self-storage, multifamily and essential neighborhood retail centers. You are buying shares in the limited liability company that owns the property, which provides a layer of legal protection between the property and the rest of your finances.

Ben and Jonah invest a large portion of their net worth into each property in the same equity sleeve as the investors to create maximum alignment. In addition, Ben and Jonah also personally guarantee the debt for each property.

Our investment offerings are registered with the SEC under 506(b) which require you to be an Accredited Investor. There are a number of ways to qualify. For a complete list of the ways you can qualify, please see: SEC Accredited Investor Qualifications

At Legacy Investment Group, we are committed and focused on finding great properties to provide our investors with: (1) higher returns and lower volatility than equity markets, (2) portfolio diversification, (3) regular cash flow distributions, and (4) pass-through tax benefits. While we are aware of the market environment, we do not try to time markets. If we see strong demand drivers, can secure favorable acquisition and finance terms, and have a strong likelihood of achieving our target investment returns while underwriting to worse financial conditions in the future than when we buy a property, we get very excited about the investment opportunity. At every stage of the cycle we are able to find opportunities that meet our strict investment criteria.

1) Diversify your investment portfolio with higher expected returns and lower historical volatility than stocks and bonds

2) Receive passive cash flow distributions

3) Tenants pay down the debt for you, helping you accumulate long-term wealth

4) Partner with an experienced operator, like Legacy Investment Group, to force property appreciation through hands-on operational enhancements

5) Substantial pass-through tax benefits

6) Real estate can provide an inflation hedge since rents tend to climb faster than expenses because the majority of costs (debt) is fixed and as the cost to build increases, existing real estate becomes more valuable

7) Pooling capital with Legacy and our other investors enables all of us to buy larger, more stable properties in better locations with better financing and a more attractive risk-adjusted return than individuals can typically acquire on their own

All of our properties are currently ahead of or in line with our original underwriting and paying distributions as scheduled. We treat our investors the way we would want to be treated and if there is a setback at any of our properties, we address it transparently in the update letters and discuss the specific steps we would take to resolve the issue.

Each property is a standalone investment and all investors share in the proceeds on a pro rata basis.

Each property will have unique targets so please review the specific operating agreement for details on the structure and distributions. In general, Legacy Investment Group targets a base case return of 5%+ cash-on-cash return and a 15%+ annualized return over the hold period (net to investors). There are no fees. After all invested capital plus any applicable preferred return is distributed, profits are split between investors and Legacy Investment Group with investors getting the majority of all subsequent cash flow. We do this to maximize alignment between Legacy Investment Group and our investors.

Any investment has some risks and there are no guarantees regardless of whether you are investing in real estate, equities, fixed income, or crypto currencies. You are a limited partner in the property; therefore, your risk is limited to the investment you make. We use our experience, conservative underwriting, and strict investment criteria to mitigate risk by buying assets where we can protect capital in a downside scenario. Our personal capital is invested directly alongside yours and we have personally guaranteed the debt, so we are laser-focused on achieving the best possible investment returns. Because the investment is structured as an LLC, you are insulating your other assets should this investment run into challenges.

Investors receive access to their investor portal where they can see all investments made and review relevant documents for each investment. Investors also receive quarterly updates with commentary from Legacy Investment Group, detailed property highlights during the quarter, and financial statements. Investors are also able to reach out to us at any time with questions.

Legacy Investment Group typically performs cost segregation studies allowing investors to benefit from bonus and accelerated depreciation. Each investor has a different personal tax situation so it is hard to generalize, but all tax benefits are passed through directly to you in a pro rata basis via the K-1. Your accountant will apply the benefits to your specific tax situation.

Each year you will receive a K-1 that will be uploaded to your profile in our portal where you can easily download and share with your accountant. While occasionally there are factors outside our control, we strive to deliver K-1s well before the tax deadline each year. The K-1 provides detailed information on your share of the investment’s earnings, losses, and tax deductions for the year.

Legacy Investment Group can accommodate most account types including self-directed IRA or other retirement accounts.

After you make your investment and the property is stabilized (this typically takes 6 to 12 months) we initiate quarterly distributions. In addition to these quarterly distributions from cash flow, we will also distribute proceeds from any refinances and the ultimate exit.

When you make your investment, you provide the account information you would like Legacy to send the distributions to. It will be your responsibility to let us know if your account details change. The bank information you provide to Legacy only enables Legacy to send you distributions from the property directly to your account, it does not grant Legacy the ability to view your account or transfer money from your account.

While each property has unique characteristics, we target consistent quarterly distributions once the property is stabilized, which is typically between 6 and 12 months following acquisition.

After reviewing all of the property information and investing capital, investors enjoy a “hands-off” experience to commercial real estate ownership with consistent quarterly cash flow dividends, pass-through tax benefits and long-term wealth creation!

No. Our goal is to ensure each property is sufficiently funded with a working capital reserve and a margin of safety to avoid calling capital. If Legacy were to ever issue a capital call, we would explain the rationale to investors and offer the opportunity for each investor to participate or not. If an investor did not participate, their pro rata share may be adjusted to accommodate the new capital, but there would be no penalty.