Longwood Gardens is buying Granogue, the stunning 505-acre private estate near Centreville, Delaware, owned by the late Irénée du Pont Jr., and will keep the property as open space, Delaware Online/The News Journal has learned.
In exclusive interviews, Longwood officials said they would announce Wednesday that it has entered into a binding agreement with Granogue Reserve Ltd. LLC to buy and operate du Pont's estate in northern New Castle County. GRLLC is the limited liability company that owns the 100-year-old Granogue property.
The stately Granogue estate, which sits on a hillside near Centreville off Smith Bridge Road and offers spectacular, panoramic views, is one of the largest privately owned open spaces left in northern New Castle County.
Du Pont and Barbara, his wife of 77 years who died in 2021, were known for opening the grounds of their estate to local organizations for fundraisers, trail runs and mountain biking, as well as summer camps hosted by the Delaware Nature Society.
Longwood first needs to complete the process of getting more familiar with the mansion and grounds to understand Granogue better. This includes assessing the plant communities and ecosystems on the estate, he said.
Join an experienced local birder for this birding tour on the estate. Discover the variety of birds that prompted the Annenbergs to dedicate 25 acres of the estate as a sanctuary for resident and migratory birds.
Take a guided shuttle ride throughout the 200-acre estate. Learn about the Sunnylands landscape, outdoor sculpture, nine-hole golf course, and sustainability efforts. This tour brings guests to the doorstep of the historic house but inside access is not permitted.
Meet a knowledgeable guide and take a leisurely walk onto the estate. This one-mile walk focuses on the history of Sunnylands, the Annenbergs and their guests, midcentury modern architecture, and design. Offered November through April.
The second reason is as an investment, and here things might get a bit shaky because, of course, as with any investment, there's no guarantee that its value will go up. However, we do currently seem to be in the middle of a gold rush when it comes to metaverse real estate, with average prices increasing by a factor of 10 over the past year. Many people are buying digital land now because they simply believe it will be a lot more valuable in the future, when more and more people want to get involved. Some are even buying-to-let, with a healthy rental market emerging.
A real estate attorney, also known as a real estate lawyer, is someone who is licensed to practice real estate law, meaning they have the knowledge and experience to advise parties involved in a real estate transaction, such as a home sale or short sale.
For example, in many areas only a licensed attorney can put together legal documents related to the sale of a home, because they consider that to be within the realm of the practice of law. (However, in some areas, real estate agents now use standardized form contracts for home purchases that non-lawyers can legally fill out on their own.)
If your home purchase involves any out-of-the-ordinary elements that could lead to legal issues down the line or complicate your purchase contract, a good real estate attorney can make sure that all your contracts take into account the complexity of your situation as well as help you out if contractual issues arise during the process.
When a person is ready to buy or sell real property, a real estate attorney can represent the buyer or the seller but not both. Representing both is not allowed because it could lead to a conflict of interest. In instances where the law requires it, a real estate attorney may also represent the lender and/or title company as a closing agent.
For a buyer, a real estate attorney will ensure that the offer made is valid, whereas a real estate attorney for a seller will help negotiate the terms of the sale. They protect the rights of the buyer or the seller by examining and evaluating the documents, explaining the terms of the mortgage and providing legal advice if necessary.
Yarilet Perez is an experienced multimedia journalist and fact-checker with a Master of Science in Journalism. She has worked in multiple cities covering breaking news, politics, education, and more. Her expertise is in personal finance and investing, and real estate.
Persistently elevated inflation and sharply rising interest rates have investors concerned about 1970s-era stagflation returning in 2023. The last time stagflation was a problem, real estate was a top-performing sector in the market. Buying physical property can be difficult and expensive, but investors can easily invest in real estate by buying shares of real estate investment trusts, or REITs. There are many types of REITs, and most of them pay sizable dividends and serve as reliable sources of income.
Prologis is an industrial REIT that specializes in logistics real estate. Analyst Michael Elliott says there is strong demand and limited competition for the company's logistics centers. Elliott says Prologis' real estate holdings in key markets where land is scarce are a tremendous source of value and a differentiating factor for investors. New logistics center supply is coming online in 2023, but Elliott says Prologis should maintain pricing power and grow revenue by at least 38% this year. The company's $4 billion in liquidity also provides financial flexibility. CFRA has a "strong buy" rating and $139 price target for PLD stock.
Alexandria Real Estate Equities owns properties containing office and laboratory space for the life sciences industry. Analyst Kenneth Leon anticipates elevated secular growth in life sciences real estate demand, which is a recession-resistant industry. While Alexandria is exposed to risks associated with its startup biotech tenants, Leon says the company's diversified tenant base and high mix of investment-grade and publicly traded, large-cap tenants help mitigate that risk. In addition, many of these high-quality tenants have long-duration leases that provide financial visibility. Leon projects 13.3% revenue growth in 2023. CFRA has a "buy" rating and $180 price target for ARE stock.
The evidence required for transferring ownership depends on whether the deceased owner's estate is probated. When the estate goes through probate, the court will name an Executor/Executrix or Administrator and provide Letters Testamentary or Letters of Administration as proof of ownership. If the estate is not probated, an Heirship Affidavit is required.
Today, the third generation of the Trefethen family carries on this vision. Wine lovers in search of outstanding Napa Valley wines turn to Trefethen knowing they will enjoy wines produced exclusively from our sustainably farmed estate vineyards.
Get recommendations for potential real estate agents online or from relatives, friends, and neighbors. Then meet with several agents to find one you like.Read all agreements before signing with an agent. Make sure you understand any charges, fees, and commissions as well as your rights and obligations in the buyer-agent relationship.
When it comes to real estate, investment options include single and multi-family homes, commercial and rental properties, mortgage notes, international property, land, and more. Also, you do not need to cash out your IRA and pay taxes because real estate is an allowed investment in IRAs.
You need to open a self-directed IRA to purchase real estate assets with your retirement savings. If you have an existing IRA at another custodian like Fidelity or Schwab, you can transfer it to the self-directed IRA. Your self-directed IRA custodian makes the purchase with your savings. The income and expenses from the property flow in and out of the IRA. The real estate is for investment purposes and NOT for personal use.
To set up an IRA for real estate investments, you need to open a self-directed IRA (SDIRA). You will need a form of ID and a credit card to pay the new account fee. When your SDIRA has been stablished, you can add funds to the self-directed IRA and instruct the custodian what property to purchase on behalf of your IRA.
A real estate IRA is a self-directed individual retirement account (SDIRA) that you can use to hold real estate as an investment. Unlike regular IRAs, you directly find, buy, and sell real estate assets in your account.
It is a retirement savings account that is tax-deferred or tax-free (depending on the IRA) and allows you to invest the retirement savings in real estate and other non-traditional asset like; private placements, private stock, precious metals, and many other alternative assets.
Chris Adamo considers himself late to the game when it comes to investing in NFTs, or non-fungible tokens. He collected his first one in summer 2021. But when it comes to buying up property in the metaverse, Adamo is early. Eight months ago, the Miami-based venture capitalist and a group of associates calling themselves the MetaCollective DAO used a virtual real estate broker to buy 23 parcels in The Sandbox, a user-generated, blockchain-based virtual world, for prices starting at 1ETH (about $3,000). A nearby property sold for about 42ETH, or $130,000.
For real estate auctions, you may need to work with a broker or real estate agent to bid or make the purchase. Also, for real estate auctions, find out if financing is permitted. Many times it is not and the full purchase price is due when you win the bid. 041b061a72