Managing Broker & Director
1031 Exchange, DST Investments
Scope of Experience
Mr. Farmer is a Senior Director and Managing Broker at NAI Legacy overseeing client brokerage service relationships and investment acquisitions. Mr. Farmer has completed over $950 million of commercial and residential real estate transactions which include the acquisition and disposition of net leased industrial, office, and retail properties; residential and multi-unit housing properties and ground-up development of hotel, and select build-to-suit single tenant properties. Mr. Farmer's background includes structured real estate investment vehicles as single property private placements, private equity funds, IRC Section 1031 tax deferred exchanges, IRC Section 721 tax deferred contributions and tax deferred equity syndications structured as Tenants in Common and Delaware Statotry Trust.
Prior to NAI Legacy, Mr. Farmer served various property acquisitions and disposition roles with public and private real estate investment companies. Mr. Farmer served as the Senior Acquisitions Manager at The Ackerberg Group, a Minneapolis based private real estate investment and development company and was involved in the creation of a $50 million private equity fund regulated by SEC 506(b) and Subsequently completed the purchase of eight separate urban focused properties. Mr. Farmer was the Director of Investments at Talon Real Estate Holding Corp (OTC: TALR); a publicly traded real estate company structures as a Real Estate Investment Trust (REIT). Mr. Farmer oversaw the acquisition of $65 million properties structures as tax deferred mergers - umbrella partnerships (UPREIT). Mr. Farmer also served as the Executive Vice President of Investments at Geneva, a private real estate investment and wealth management company and oversaw the acquisition of $700 million in commercial and residential properties located throughout the Midwest, Phoenix, and Florida accounting for over 4.5 million square feet of space, which included all major property types, hotels, and senior housing. Mr. Farmer was a Vice President at Stonehaven Realty Trust and RESoft, Inc. (AMEX: RPP); a publicly traded REIT and a technology company and oversaw property management operations, third party accounting, and investor reporting in accordance with public company procedures.
Mr. Farmer is a graduate of St. Thomas in St. Paul, Minnesota; is a licensed Real Estate Broker and is affiliated in various industry associations. Mr. Farmer also currently services as a principal and primary broker at Structure Real Estate, LLC - a Minneapolis based real estate brokerage company providing transactional services to home buyers and sellers.