Legacy Anchor Partners
We are shifting the capital path. The earlier concept of Legacy Anchor Partners, L.P. (to be formed) was never organized. No partnership agreement was executed, no funds were accepted, and no Form D was filed. That path is closed.
The new path is a Qualified Opportunity Fund investing in a Burney Qualified Opportunity Zone Business. Shasta County prioritized the Burney-area census tract for Opportunity Zones 2.0. Those designations take effect January 1, 2027. We are confirming that the specific parcel lies inside a designated tract and whether that tract is classified as rural.
If the parcel qualifies, investors who place eligible capital gains into a properly structured Qualified Opportunity Fund after December 31, 2026 may be eligible, under federal rules, for deferral of those gains, a basis step-up after five years (10% standard, 30% if the investment qualifies as rural), and exclusion of post-investment appreciation after a ten-year hold. These are federal benefits only. California does not conform. All benefits depend on compliance with Treasury regulations, including the working-capital safe harbor for construction.
Lawrence Findleton continues as Manager and Chief Executive Officer of the sponsor entities, overseeing land holdings, governance, investor relations for any Qualified Opportunity Fund, and master development coordination. Ownership and management entities will be kept separate to protect investor equity and meet arm’s-length standards.
Further details will be provided only through current offering documents to accredited investors once the tract confirmation and the new structure are complete. Nothing on this site is an offer to sell securities.