Frequently Asked Questions
Yes, once you have invested in the Fund , your investment will continue to be invested as the Fund grows. Once the Fund assets are sold, your proceeds can be reinvested with Legacy Built in a future Fund or a single purpose acquisition or development.
No. All investments that Legacy Built invests in are physical properties that cannot be readily converted to cash in the same way that public stocks can be.
The sale of the Fund will be determined by the existing economic environment at that time. Factors in determining the sale will revolve around interest rates, capitalization rates, income stabilization, and rental revenue velocity.
You do not have to be a United States citizen, but as of right now you do have to live and work in the United States. We are working towards being accessible internationally in the future.
In over 45+ years, we have never once defaulted on a loan or had an investment underperform our expectations.
Answer: An accredited investor is an individual or entity that meets the qualifications set by the U.S. Securities and Exchange Commission (SEC) to invest in private securities offerings. These qualifications include having a net worth of over $1 million (excluding primary residence) or an annual income of at least $200,000 ($300,000 with a spouse) for the past two years.
Answer: Investing in self-storage offers a steady income, low operating costs, high demand, resilience in economic downturns, and potential property value appreciation.
Answer: A self-storage facility profits by renting units to individuals and businesses, generating recurring revenue through monthly fees. Operating costs are low, requiring minimal staffing and maintenance. Additional income comes from late fees and packing supplies. High occupancy rates, strategic locations, and property value appreciation further enhance long-term profitability.
Yes, self-storage investments are generally considered recession-resistant. During economic downturns, individuals and businesses often downsize, which increases the demand for storage solutions. This characteristic makes self-storage a stable investment option even during challenging economic times.
Like any investment, self-storage comes with risks. These include the possibility of overbuilding in a specific area, leading to market saturation, and fluctuations in local demand. However, we are taking the proper precautions to protect their investors.
Several areas around the United States enjoy a booming economy and attract a larger migrant community. With these new residents living in apartments and smaller homes, they have discovered the need for additional storage space. Self-storage facilities meet this need for reasonably priced square footage and eliminate the need to pay higher rent for a larger space.
At Legacy Built, our facilities feature state-of-the-art technology and construction features that keep all operating expenses as reasonable and fixed as possible. That is just one of the reasons our team has proudly been able to tell new clients that we have never had a project perform under our expectations in the more than 45 years we have been in the industry.
