Keeping Nebraska Land in Nebraska Hands!
There are Nebraskans that want to diversify their portfolio with land. There are farmers that need to reduce debt but wish to keep farming. Lashley Land is dedicated to helping both groups help one another.
Nebraskans helping each other to achieve their goals!
HOW? A Fractional Farm Ownership Program!
Potential Buyers
Pool their money with as many potential buyers as it takes to purchase a profitable farm.
Farmers
Sell their farm to the group of buyers with a long term lease back at market rate and first right to purchase at the end of the term.
BUYER BENEFITS
Who will benefit besides the farmer?
Accredited buyers who want to diversify their portfolios by gaining ownership in professional managed real estate assets that have significant capital to participate in land ownership, but may not have enough to buy a profitable farm outright by themselves.
How are they helped?
Passive buyers are pooled to buy a farm on a long term hold, with dividends and re-sale profits dispersed based upon percentage of Ownership in the farm.
How do buyers qualify for fractional ownership?
Must be an SEC accredited buyer
- $200,000 ($300,000 with spouse) yearly income.
- $1 million net worth not including primary residence.
Benefits
- Lower cost of entry to real estate ownership
- Shared risk
- Passive buyer role
- Professional management
- All the financial benefits to owning real estate
Buyer Steps
- Those interested in Fractional Ownership will contact Lashley Land expressing interest in the program.
- Lashley Land will briefly explain, then pass the interested party to representatives of the Fractional Ownership Fund for further discussion.
- After full qualification and explanations, if moving forward, the interested party commits funds for Fractional Ownership in an available fully qualified farm.
- The farm is held for 5 years. Income after expenses, if any, will be distributed among those with Fractional Ownership in that farm.
- After the 5 year term, the farm is sold, either back to the tenant, or in the public market. Fractional Owners have their purchase price and capital gains from appreciation distributed based upon the percentage of Ownership granted by the original funds committed.
FARMER BENEFITS
Who is this program for?
Owner/Operators who are not done farming but need to generate capital to reduce debt.
How does this help?
Passive buyers pool resources to buy a farm offering a long term lease back at market rate and a first-right-to-purchase at the end of the holding period.
How does a farm qualify?
- Must be sold at a price that allows for a 3% cap rate.
- Quality land with sufficient groundwater or annual rainfall.
- High rental competition
- Average appreciation growth
- Leaseback consideration
Benefits
- Confidential sales process
- Option for leaseback and first-right-to-purchase buyback
- Unlock equity tied up in land
- Fast, all-cash transaction
Farmer Steps
- Farmer contacts Lashley Land and expresses interest in selling their farm for Fractional Ownership.
- Lashley Land qualifies the farm. The selling price must be such that the farm can show a minimum 3% return.
- Once funds are committed by those interested in Fractional Ownership, Fortune 7 Fund LLC will purchase the farm while offering the Seller a 5 year lease back terms. Seller becomes a tenant. Tenant pays fair market rent for 5 years.
- At the end of the 5 year term, the tenant may choose to purchase the farm back.
- If the tenant chooses not to buy the farm back from Fractional Ownership, the farm will be marketed to the public and sold.
WHAT IS LASHLEY LAND’S ROLE IN THIS FRACTIONAL FARM OWNERSHIP PROGRAM?
Lashley Land provides agricultural real estate brokerage and farm management services to Fortune 7 Fund, LLC (the “Fund”) in connection with farmland owned or acquired by the Fund. Lashley Land may assist in identifying and evaluating farmland opportunities, managing agricultural properties, coordinating leases and tenant relations, providing market data regarding farmland values, and acting as buyer’s broker when farmland is acquired and listing broker when farmland is sold. Lashley Land represents the Fund as its client in such real estate transactions.
The farmland acquisition and management activities described on this website are separate from any securities offering conducted by Fortune 7 Fund, LLC, which is made solely through the Fund’s Private Placement Memorandum and related offering documents.
Lashley Land may serve in multiple roles, including farm manager, consultant, and real estate broker, which may create potential conflicts of interest.
Lashley Land does not offer, sell, or solicit securities, is not a registered broker-dealer or investment adviser, and does not receive compensation based on the sale of securities or capital raised by the Fund. Inquiries regarding investment opportunities may be directed to the Fund.
In certain circumstances, the farmer or tenant operating a property may be provided the opportunity to purchase the farmland if the Fund elects to sell the property, which may be offered at then-current market terms. The Fund has no obligation to sell farmland to any particular buyer and may dispose of properties through open-market sales or other disposition strategies.
Investments in farmland and private funds involve significant risks, including loss of principal, illiquidity, and fluctuations in property values and agricultural markets. Past performance does not guarantee future results. If any information on this website differs from the Fund’s offering documents, the offering documents control.