For Property Owners
Harmonie Park can assist property owners seeking to maximize the value of their property for disposition through a highest and best use analysis and ultimately the sale of their property as a broker. While we have relationships in all types of development, we are uniquely qualified to match property owners with residential home builders and developers.
Due to an extreme housing shortage, the State of California has enacted numerous housing laws such as SB 330 and State Density Bonus that has facilitated the approval process for residential projects. Harmonie Park has worked with the State’s best housing attorneys and is expert in using these housing laws to help ensure project approvals.
Over the last three decades, principals at Harmonie Park have represented some of the country’s largest home builders and developers. We use our experience on larger projects to maintain relationships with homebuilders and developers who are active in acquisition of residential development sites.
For Investors/Developers
Harmonie Park can assist investors, developers and end-users source properties for projects.
We work with organizations to understand real estate goals and objectives. We then take those goals and overlap them with our understanding of market feasibility for residential and commercial projects to craft a target acquisition plan.
Through our management of high profile mixed-use projects, we have developed relationships with some of the best and brightest in real estate from architecture to engineering to legal and construction professionals in addition to relationships with other developers. We are also very active in international trade groups such as Urban Land Institute, ICSC, and others. We leverage these contacts to help seek opportunities for our clients.
Active Engagements
Wilcox Property – Downtown Plymouth, Michigan
Exclusive Seller Representation
Summary
North 40 Phase II – Los Gatos, California
Non-Exclusive Buyer Representation
Summary
Nationwide search for partnership opportunities for innovative high-rise multifamily, mixed-use, or hospitality development projects.
Paradise Drive Property – Tiburon, California
Entitlement Partner with Westgate Ventures
Under Contract
Brokerage Services By:
Harmonie Park Real Estate, Inc. in California, CA License #02328939 and
Harmonie Park Development Group in Michigan, MI License #6505430986
1031 DST Exchanges
We typically work with property owners who are interested in re-positioning their property through entitlements to develop a site or sell to builders or other developers. As they sell their property, they often seek 1031 exchange qualified property (business/investment property) as part of an effective tax strategy for tax deferral. Largely, this property has to be actively managed by the property seller. Harmonie Park Development is happy to now be able to offer an alternative 1031 exchange solution through our work with 1031 Securities Inc., a FINRA-registered broker-dealer focused exclusively on Delaware Statutory Trusts (DSTs).
You can learn more about 1031 Exchanges and 1031 DSTs here.
For accredited property owners seeking a tax-deferred exit strategy, 1031 DSTs may provide a way to:
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Reinvest into passive, institutional-sized real estate
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Defer capital gains under Section 1031 thus deferring State and Federal income taxation upon the sale of the appreciated real estate
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Eliminate landlord responsibilities while maintaining monthly income potential
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Ability to diversify by property type and location
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Provide certainty of closing on acquisition of replacement property through an efficient closing process to meet timing requirements
Through 1031 Securities Inc., we have access to 1031 DSTs focused on different asset classes throughout the United States.
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Multifamily Residential/Student Housing/Senior Living
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Retail
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Hospitality
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Office/Medical Office
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Logistics/Light Industrial/Warehouse
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Land and Mineral Rights
Fund availability changes but we work with some of the industry’s largest and most experienced sponsors. These include:
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Net Lease Capital
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Capital Square
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ExchangeRight Real Estate
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Inland Private Capital
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NexPoint Real Estate Advisors
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Passco Companies
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Griffin Capital
- Cantor Fitzgerald
We continue to grow our network of like-minded professionals who are expert with 1031 exchanges including exchange intermediaries, accountants, and lawyers.
Some firms that we have developed a relationship with:
Disclosures: There are material risks associated with investing in DST properties and real estate securities including illiquidity, tenant vacancies, general market conditions and competition, lack of operating history, interest rate risks, the risk of new supply coming to market and softening rental rates, general risks of owning/operating commercial and multifamily properties, short term leases associated with multi-family properties, financing risks, potential adverse tax consequences, general economic risks, development risks, long hold periods, and potential loss of the entire investment principal. Past performance is not a guarantee of future results. Diversification does not guarantee profits or protect against losses. Potential cash flow, returns and appreciation are not guaranteed. Private placements are speculative. These investments are only available to accredited investors.
IRS Section 1031 is a complex tax concept; consult your legal or tax professional regarding the specifics of your particular situation. This is not a solicitation or an offer to see any securities.
Securities offered through 1031 Securities Inc., Member FINRA/SIPC. Harmonie Park Development and 1031 Securities Inc. are separate entities and are not tax advisors. A. Don Capobres is a Registered Representative of 1031 Securities, Inc. Check the background of this investment professional here: