Owners of 150+ Unit Apartment Complexes With Deferred Maintenence
Want to sell your apartment complex, but afraid of the tax liability? We will buy your apartment complex at full market value; you pay no capital gains taxes, all without having to do a 1031 Exchange!
A Custom Exit That Protects Your Heirs and Your Legacy
Avoid capital gains without having to do a 1031 exchange, and prevent family disputes—without writing another check.
Backed by a national ownership group with 35,000 units and 95+ years of combined ownership experience.
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We Provide Customized Disposition Solutions That Are A Win For You, Your Heirs, and Your Tenants
Company Profile
WhiteStone Family office and OakGrove Development is a joint venture partnership that was founded on the principal of helping apartment building owners preserve intergenerational wealth.
WhiteStone and OakGrove and it's principals possess a combined 95 years + of real estate acquisition, investment, development and management experience.
With over $4 Billion in assets under management, you can be assured that when you choose to work with our team you'll know when we make promises, we deliver on them and bring a unmatched depth of experience in tackling complex real estate transactions with multiple stakeholders.
How It Works?
1. Schedule initial no obligation consult.
We understand that making the decision to make a substantial change your legacy takes time. And our job at this point is to learn the complexities of your current scenario so that we can custom tailor several solutions to your long term estate planning.
2. Provide property financials.
In order for us to present you with a customized disposition solution, we will need to obtain the property rent roll, and three years worth of schedule Es on that particular property. So we can process that information with our company principals and our underwriting team.
3. Offer presentation.
After your needs and the property financials have been thoroughly reviewed, modeled and analyzed, we will present three different solutions for you to consider with a formal letter of intent. Property offer price will be a range based upon what our team believes it will appraise for once we bring in a third party appraisal.
4. You choose the option best for you.
We have options for you to maximize your cash flow, or options that allow you and your heirs to participate in property valuation upside and we even have options to make a tax free cash distribution to you at closing. You pick what is best for you, and we turn it over to our legal and accounting team to work with your specialized counsel to ensure our deal is iron clad from a legal protection standpoint and from a tax savings perspective.
5. Due diligence and closing
After we get a fully executed purchase and sale agreement, we typically have a 60 day due diligence period where our team will inspect the property to verify conditions and financials. Once Due Diligence is completed, our legal team will work to close the transaction as soon as possible in alignment with our purchase and sale contract.
You enjoy steady predicable cashflow knowing that your legacy is preserved, being improved and will be handed down to your heirs without being penalized by the IRS.
Post Address and Mail
Email: [email protected]
Address:
1 East Main Street, Suite 709
Rochester, NY 14607
Get In Touch
Assistance Hours
Mon – Fri 9:00am – 5:00pm
Sat & Sun – CLOSED
Phone Number:
585-298-1101
