Sandlapper Raises $40 Million for Webb Creek Conservation Easement Acquisitions
Sandlapper Securities LLC, an independent securities brokerage firm, raised $40.3 million for six land acquisitions syndications sponsored by Webb Creek Management Group LLC in 2016.
Webb Creek Management Group is a Georgia-based firm that provides consultative services to individuals and company landowners seeking alternative uses of their property to maximize return. Since 2011 they have secured conservation easements on thousands of acres of raw, unimproved land in the Southeast.
Sandlapper has been the exclusive placement agent for Webb Creek since 2013 and has raised almost $108.6 million in 22 separate land syndications.
“Conservations easements are voluntary encumbrances on land that create a permanent and legally enforceable land preservation agreement between a landowner and a qualified conservation organization,” said Sandlapper Securities founder and CEO, Trevor Gordon.
He added, “Making this donation to conservancy provides a significant charitable contribution individuals can take against their adjusted gross income when filing their taxes on the amount of value between the ‘conservation land value’ and the ‘highest and best use value’ of the land.”
The companies acquired approximately 3,077 of raw, unimproved land in Polk County, Florida; Roane County, Tennessee, and Benton County, Tennessee.
Geological testing of the Florida properties determined the highest economic use for the owners would be to quarry/mine limestone from the land. The Tennessee properties are optimally placed for residential development.
Instead of developing these properties, the owners have all chosen to give up ALL development rights on each parcel of land, thus preserving the land for future generations placing the properties into a conservation easement.
Founded in 2005, Sandlapper Securities is a full service independent broker-dealer and dealer manager of alternative investment products.
