For each real estate asset acquired, NextGen will establish two Limited Liability Companies. The property will be purchased and held in the first LLC taxed as a partnership in the state where it is located. The sponsorship team will establish the second LLC to act as the managing member of the first LLC and therefore absorb the liability of operation.
With that in mind, there are multiple ways to partner with NextGen:
This is the basic structure that our acquisitions will follow. How do you see us doing business together?