Preserve Your Legacy Without the Headaches.
A 721 Exchange simplifies passing rental property to heirs: shares in the professionally managed Flock Fund preserve equity, defer capital gains, and step up in basis on inheritance. Families gain transparency, liquidity, and ease of inheritance—protecting long-term value without the complications of direct ownership.
The Hidden Burden of Direct Ownership
Even with thoughtful estate planning, real estate often adds layers of complexity for future generations.
Passing property across generations often creates valuation disputes, liquidity issues, and management burdens for heirs.
Even strong estate plans struggle with real estate—assets are hard to divide, and selling decisions can cause stress or delays.
Trusts and partnerships inherit the same issues—illiquidity, shared control, and limited flexibility that complicate wealth transfer.
How a 721 Exchange Simplifies Estate Planning
A 721 Exchange allows property owners to contribute their real estate into a professionally managed fund in exchange for ownership units—deferring capital gains taxes while keeping their wealth invested in real estate.
Unlike 1031 Exchanges, there are no strict deadlines, replacement properties, or management responsibilities. With Flock, your property becomes part of a diversified, institutionally managed portfolio that continues generating income and appreciation.
This approach, once reserved for large investors, now empowers everyday owners to preserve wealth, simplify estate planning, and retire from landlording with confidence.
Balancing Appreciation, Yield, and Stability
The Fund seeks low-leverage exposure to the U.S. residential housing market—striving for returns aligned with the long-term strength of U.S. housing. Our investment criteria emphasize markets with durable fundamentals and long-term rental demand.
Transferable Units
Flock ownership units can be passed down or divided among heirs with ease, removing the complexity of shared property management or forced sales.
Valuation & Reporting
Each year, Flock provides transparent valuations and institutional-grade reporting that make estate administration simpler for families, advisors, and executors.
Administration
By replacing individual assets with managed Fund units, Flock streamlines documentation, minimizes disputes, and helps preserve family harmony across generations.
Expert Management, Lasting Peace of Mind
