In essence, Thornburg securitizes commercial real estate, enabling property owners to control the amount, timing and allocations of charitable donations. For charitable recipients, securitized real estate provides the upside of a high rate of return and cash flow without the downside of property management responsibilities, unrelated business income tax risk or risk of environmental liability. The qualifications for additional buys are simple. Thornburg is interested in diverse, income-producing properties such as warehouses, office buildings, shopping centers, net leases, apartments and ground leases. Debt must be immediately retireable and not exceed 50 percent of the property's fair market value.
Accountants take note.
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