The 721 Exchange turns complex real estate ownership into a seamless legacy strategy. Property owners can preserve equity, defer capital gains, and simplify how assets are passed on. Through Flock’s professionally managed Fund, families gain transparency, liquidity, and ease of inheritance—protecting long-term value without the complications of direct ownership.
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Even with thoughtful estate planning, real estate often adds layers of complexity for future generations.
Passing property across generations often creates valuation disputes, liquidity issues, and management burdens for heirs.
Even strong estate plans struggle with real estate—assets are hard to divide, and selling decisions can cause stress or delays.
Trusts and partnerships inherit the same issues—illiquidity, shared control, and limited flexibility that complicate wealth transfer.
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A 721 Exchange allows property owners to contribute their real estate into a professionally managed fund in exchange for ownership units—deferring capital gains taxes while keeping their wealth invested in real estate.
Unlike 1031 Exchanges, there are no strict deadlines, replacement properties, or management responsibilities. With Flock, your property becomes part of a diversified, institutionally managed portfolio that continues generating income and appreciation.
This approach, once reserved for large investors, now empowers everyday owners to preserve wealth, simplify estate planning, and retire from landlording with confidence.
The Fund seeks low-leverage exposure to the single-family housing market—striving for returns aligned with the long-term strength of U.S. housing. Our investment criteria emphasize markets with durable Fundamentals and long-term rental demand.
Flock ownership units can be passed down or divided among heirs with ease, removing the complexity of shared property management or forced sales.
Each year, Flock provides transparent valuations and institutional-grade reporting that make estate administration simpler for families, advisors, and executors.
By replacing individual assets with managed Fund units, Flock streamlines documentation, minimizes disputes, and helps preserve family harmony across generations.
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