ProLegacy Fund, LLC Investor Portal

ProLegacy Fund, LLC

Single Tenant Net Lease Investments

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ProLegacy Fund, LLC
506(c) Offering Platform

INTRODUCTION TO OUR COMPANY

ProLegacy Fund, LLC (the “Company” or the “Fund”) was formed for the purpose of acquiring and managing Single Tenant Net Lease (“STNL”) properties and certain value-add opportunistic real estate assets. The Company will seek to acquire and manage high quality real estate assets with the intention of providing participating investors with a real estate focused investment opportunity that combines

  • income distribution,
  • potential for capital investment growth, and
  • elements of capital preservation.

The ProLegacy Fund, LLC is managed by Guardian Legacy, LLC (the “Manager”), a Florida limited liability company. Rafael Hernandez serves as a primary Principal with Guardian Legacy, LLC. The commercial real estate properties acquired by the Fund will be managed by PIMO Capital Management, LLC (“PIMO”), which specializes in real estate management and operations. There are related parties with regards to ownership and management between individuals at Guardian Legacy, LLC and PIMO Capital Management, LLC (See “Operations - Related Parties”).

The management team at PIMO Capital Management, LLC is led by Mr. Hernandez, Kenneth Golden, and Angelica Hernandez.

PIMO Capital Management, LLC is a full-service commercial property management company providing a range of services to the funds real estate portfolio. The PIMO management team’s hands-on experience accounts for over 40 years of excellent service and proven results. PIMO’s innovative commercial property management strategies help reduce property operating costs and can potentially enhance property value. PIMO Capital Management, LLC will be a key partner to the Fund with regards to the leasing and management of real estate assets acquired by the Fund.

Moody’s analysts predict the U.S. retail sector’s operating income will increase 3.5% to 4.5% in 2018, with sales jumping 4.5% as well.

ProLegacy Fund, LLC
506(c) Offering Platform

Summary of Operations

The Fund intends to operate as a hybrid real estate investment fund.

ProLegacy Fund, LLC has a goal of acquiring and managing a diversification by tenant, STNL (Single Tenant Net Lease) properties, and value-add opportunistic real estate assets. The company will seek to acquire and manage high quality real estate assets with the intention of providing participating investors with a real estate focused investment opportunity that combines income, principal investment growth, and elements of capital preservation. The Fund will pursue long term opportunities, with low risk characteristics.

Value-add opportunistic real estate assets may have operational issues and require physical improvements, either due to neglect or owners lacking the capital to make improvements. They can often be more lucrative with better management and the right physical upgrades.

Once capitalized, the Fund will commence principal acquisition and management operations. The Fund has developed a specific methodology for sourcing, acquiring, and disposing of real estate assets.

The Fund plans to complete the acquisition process during the next 24 months, then hold the income producing assets under management for 10 years, before starting the 36 month disposition process.

The Fund Manager as a general strategy intends to allocate approximately sixty percent (60%) of invested capital towards acquisitions of stabilized STNL property assets that will provide stability and predictability of income distribution with long term capital preservation characteristics, and will allocate approximately forty percent (40%) of invested capital towards value-add opportunistic assets that require a longer period of time to mature prior to disposition, but should provide capital growth and appreciation opportunities. The Fund Manager expects that stabilized single tenant net lease assets will still be sourced at attractive acquisition rates, however, the properties may not require as much refurbishment or may be located in areas that demand a higher acquisition premium and thus the Fund Manager expects less initial equity requirements immediately post-acquisition. The Fund Manager still intends to deploy elements of refurbishment and re-positioning to maximize value and allow for maximum rental rates per square foot. Assets in this category will typically be held in the Fund’s portfolio for ten years prior to disposition.

"We expect the national economy to continue to perform well in 2018. It will likely be one of the best growth years of the expansion, and it could well be the strongest year for GDP growth of the entire expansion so far."

— Cushman & Wakefield Principal Economist Ken McCarthy

ProLegacy Fund, LLC 506(c) Offering Platform

Company Management Team

The Company is currently managed by seasoned business and sector professionals dedicated to the success of the Company and the efficient execution of its planned operations.

Rafael E. Hernandez

Rafael E. Hernandez

Managing Director

Rafael Hernandez serves as a Principal and Managing Director of Guardian Legacy, LLC with the key role of taking the ProLegacy Fund, LLC into a growth path where wealth creation, income distributions and capital preservation for investors are the main objectives. Mr. Hernandez has over 20 years of experience with proven results in the commercial real estate industry. He has a Bachelor’s Degree in Economics and Management from the State University of New York at Cortland. As team leader he has developed high quality business strategies with short and long term objectives. He has developed a high performing managerial team to achieve goals and remain consistent with the overall strategy of the company’s vision.

Erik L. Halvorssen

Erik L. Halvorssen

Investor Relations Director

Erik L. Halvorssen, Investor Relations Director, with over 21 years of experience in the banking and finance industry, is responsible for consistently and clearly communicating the Fund’s investment message to potential and existing accredited investors. Since 1997, Mr. Halvorssen has worked in key positions with the most prominent wealth management organizations in the US and Europe and has extensive experience in the family office services industry. Mr. Halvorssen studied economics at Universidad Católica Andrés Bello.

Kenneth Golden - Operations Director

Kenneth Golden

Operations Director

Kenneth Golden Operations Director, with his hands-on approach, he oversees management and operations of various properties. Mr. Golden owned and operated a successful electronics company for over 30 years. He has over 15 years of experience in property and facilities management. His position is vital to real estate profits over the long run. He graduated from New York Institute of Technology, with a degree in electrical engineering. Mr. Golden is a member of the senior management team; he develops management strategies and contributes to the development of the company’s managerial goals.

Maria Angelica Hernandez - Finance Director

Angelica Hernandez

Finance Director

Angelica Hernandez, Finance Director, is PIMO Capital’s administration & finance leader with over 10 years of experience. She takes the important role of overseeing the healthy financial functioning of the Property Management Company and liaison between administration, marketing, operations and finance. She produces financial reports, directs investment activities, and develops strategies and plans for the financial goals of the company.

Jo-Ann Berry - Accounting/Controller

Jo-Ann Berry

Accounting/Controller

Jo-Ann Berry is a seasoned accounting professional with over 30 years of experience, with focus in commercial real estate accounting. Ms. Berry oversees the overall general ledger with a focus on controller responsibilities. She holds her bachelors in accounting from Albright College and her MBA from Rutgers University. Jo-Ann is responsible for the company’s financial reporting, such as its monthly, quarterly, and annual accounts. Her key responsibilities are to ensure the validity and the accuracy of the company’s financial records. She has shown leadership to optimize the company’s financial performance and strategic position.

Gus Serga - Property Manager

Gus Serga

Property Manager

Gus Serga, property manager, oversees general building maintenance and operation of multiple commercial buildings. He has over 20 years of experience in commercial property management as a building operator. With Mr. Serga’s hands-on approach he has become vital to our leadership team. He manages tenants, deals with maintenance requests, and handles emergency situations.

Diane Toth - Property Manager

Diane Toth

Property Manager

Diane Toht-Perdue, property manager, oversees general building maintenance. She has over 25 years of experience in commercial property management. She manages tenants, maintains commercial buildings and secures premises. Diane looks over several building systems by contracting for maintenance services and supervising the repairs. Diane has proven to be practical and resourceful having many years of experience.

Corina Hernandez T. - Corporate Identity Consultant

Corina Hernandez Thermiotis

Corporate Identity Consultant

Corina Hernandez T. Corporate Identity Consultant creates a brand identity for a contemporary corporate look and feel. As our Brand Identity Consultant, she creates abstracts visuals that communicates relevance, feeling, and trust. Building an effective brand identity takes years of smart work and continuous customer response monitoring. She has worked as the Corporate Identity Consultant at PIMO since 2010. Corina Hernandez T. has over 20 years of professional artistry experience. She is a renowned photographer that has participated in many art exhibitions such as, the Art Miami Exhibition and Art Wynwood. Corina’s professional artistic experience has helped perfect her role as the Corporate Identity Consultant for corporate facilities such as CoSuite, PIMO Capital Management’s headquarters and many other portfolio properties.

The next three years will likely see cap rates flat at best or rising, which we expect will outstrip property income growth. The economy’s performance over the period will determine whether commercial real estate values continue to rise mildly, remain relatively flat or decline mildly or moderately.
- CBRE | 2018 U.S. Market Outlook -

ProLegacy Fund, LLC 506(c) Offering Platform

Terms of the offering

$20,000,000

Minimum Offering: $2,500,000

Minimum Subscription: $50,000 (50 Units)

ProLegacy Fund, LLC (the “Company” or the “Fund”), a Florida Company, is offering a minimum of 2,500 and a maximum of 20,000 Membership Units for $1,000.00 per unit. The offering price per unit has been arbitrarily determined by the Company.

ProLegacy Fund, LLC 506(c) Offering Platform

So Much More than what you See

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The ProLegacy Fund, LLC 506(c) Investor Portal provides the opportunity for you to become approved as a “prospect", and learn more about our investment opportunity. You will have:

  • Access to the Private Placement Memorandum, which outlines our company and gives greater detail about our offering. Download a PDF to review on your time, read the ebook presentation online or request a hard copy of the documents;
  • Access to our SEC filing. Download a copy for your records or visit the sec.gov website;
  • View real time offering metrics of where we are in the offering process;
  • View the timeline of where you are in the investment process;
  • View company contact information and send emails directly to the administrator;
  • Easily upgrade to "investor" through the click of a button.

We will upgrade your account to “Investor” level access, which provides all of the prospect level access and:

  • The ability to download subscription documents for completion;
  • Document upload of subscription and accredidation documents;
  • Specific process information for investing and instructions on transfer of investment funds;
  • Access to quarterly and annual reports;
  • Access to Financial documents;
  • Access to Supporting Documents;
  • Access to Asset Portfolio;
  • Access to News articles written by the company for the investors;
  • Access to documents that you have uploaded and have been uploaded to your account.
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Ready to learn more about our investment opportunity?

Request Access now!