- CityNot Disclosed
- State Tennessee
- CountryUnited States
Relocatable
Real Estate Included
Our firm currently represents a well established, successful developer based in the Southeastern U.S. The developer is making available for sale and/or investment a 100± acre parcel of pristine land in southeastern Tennessee. Investment in the land would allow for the preservation of 90± acres for generations to come, which can be donated to a charitable entity or foundation (e.g., children’s camp or non-profit retreat center).
Moreover, third-party analysis suggests that there is potential for high-income tax payers, through the purchase of the real estate, to take advantage of a provision in the tax code that allows the granting of a conservation easement for a portion of the property that could otherwise be developed. The tax deduction is estimated at approximately $14.6M based on the current valuation metrics. Finally, the investment partner(s) will also participate in the development of 10± acres of land with a market potential of $2.0 million.
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