Breaking Down the Equal Opportunity for All Investors Act of 2023
At Legacy, we offer high net worth individuals access to passive, professionally managed real estate investments that may provide an alternative to stock market investing and have the potential to generate benefits like cash flow and appreciation.
The securities law as it is currently written, limits who can participate in these investments. However, the U.S. House of Representatives recently passed the Equal Opportunity for All Investors Act of 2023, which would allow U.S. investors an alternative route to participate in private markets and help more people enjoy the benefits of passive real estate investing. If the bipartisan bill becomes law, it would require the SEC to establish an exam for individual investors seeking to attain accredited investor status.
Currently, individual investors only qualify as accredited if they meet certain financial or professional criteria. The financial requirements include having a net worth that exceeds $1 million (excluding primary residence), an annual income of $200,000 individually/$300,000 jointly of the last two years, or an individual who could demonstrate defined measures of professional knowledge, experience or certifications, such as the series 7, 82 or 65 securities licenses.
If the Equal Opportunity for All Investors Act of 2023 is passed by the U.S. Senate, it would offer investors another pathway to participate in private markets. To learn more about what this could mean for you as a real estate investor, give our team a call.
If you already meet the current accredited investor requirements, our experienced team can help you determine if investment in passive real estate is right for you.
Legacy Investments & Real Estate is your 1031 Exchange replacement property partner.
Our sole purpose is to guide real estate investors through the 1031 Exchange process. Armed with a deep understanding of our clients’ unique needs and goals, we help identify and secure replacement properties that align with the legacy they want their investments to build.
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This is for informational purposes only, does not constitute individual investment advice, and should not be relied upon as tax or legal advice. Please consult the appropriate professional regarding your individual circumstance.
There are material risks associated with investing in private placements, DST properties and real estate securities including illiquidity, general market conditions, interest rate risks, financing risks, potentially adverse tax consequences, general economic risks, development risks, and potential loss of the entire investment principal.