Discover the Tax Benefits of Private Equity Commercial Real Estate Investing
EXCLUSIVE OFFER FOR ACCREDITED INVESTORS ONLY
© 2025 FNRP. All rights reserved.
100% Bonus Depreciation
Is Back
Discover how strategic commercial real estate investments can potentially help sophisticated, high-net-worth investors reduce taxes, preserve wealth, and enhance returns, leveraging the renewed 100% Bonus Depreciation provision under the 2025 One Big Beautiful Bill Act.
Investor Tax Guide
$2B+
Closed Acquisitions
$140M
Distributed to Investors
3,100+
Investors
For years, bonus depreciation was being phased out. One of our greatest tax shields was slipping away.
Now? The OBBBA has brought back 100% bonus depreciation.
That means any property component with a life of 20 years or less can be fully depreciated in Year One.
And because FNRP conducts a cost segregation study on every acquisition, we work to accelerate those deductions for our investors.
Lighting, flooring, HVAC, and tenant improvements… all written off.
Paper losses that often exceed your actual distributions.
Cashflow in your pocket, tax losses on your K-1.
Time is Running Short for 2025 Deductions
How it Works
Simple 4-Step Investment Process
*Cash distributions and any specific returns are not guaranteed.
Cost Segregation:
Converting Details into Deductions
A property isn’t just a building. It’s a collection of assets, each with its own depreciation schedule.
Cost segregation reclassifies those assets into shorter lives — 5, 7, or 15 years. Pair it with 100% bonus depreciation, and those components can be deducted immediately.
That means your investment can potentially produce income while showing a loss on paper.
For IRS-defined real estate professionals, this can even offset active income. For others, it can help to shelter passive gains.
Either way, it’s one of the most powerful tools left in the tax code.
This communication is intended solely for informational purposes and does not constitute an offer to sell or a solicitation of an offer to buy any securities. Any such offer or solicitation will be made only through a Confidential Offering Memorandum and related offering documents, and only to persons who are accredited investors as defined in SEC rules who can bear the loss of their entire investment. Prospective investors should carefully review all offering documents and consult with their own legal, tax, and financial advisors before investing. Cash distributions and any specific returns are not guaranteed.
An investment in commercial real estate is speculative and subject to risk, including the risk that all your investment may be lost. Any references to cash flow, potential returns, tax treatment, tax benefits and the resilience of retail-based investments are forward-looking statements and are not guarantees of future performance, and actual results may differ from any expectations, projections, or predictions made based upon such forward looking statements. Prospective investors are cautioned against placing undue reliance on such forward-looking statements.
FNRP does not provide legal or tax advice. The information provided herein is for informational purposes only and does not constitute legal, tax, investment, or accounting advice. The descriptions of tax treatments, including, but not limited to, 100% bonus depreciation under the One Big Beautiful Bill Act of 2025, are general in nature and subject to change without notice. The application and impact of tax laws can vary widely based on the specific facts and circumstances of each investor. As such, prospective investors and other recipients of this material should first consult with their own independent legal and tax advisors regarding their particular situation and the potential tax implications and benefits of any real estate investment. FNRP cannot guarantee that you will receive the tax benefits or advantages outlined herein.
Securities are only available to verified accredited investors who can bear the loss of their investment. Please contact FNRP for an explanation of how such numbers are calculated. Past performance may not be indicative of future results. An investment in real estate is speculative and subject to risk and as such there cannot be any assurance, promise or guarantee as to the final results of any specific investment or investment strategy into securities offered by FNRP or that such investment will achieve specific investment goals. Total acquisitions closed are calculated using the purchase price and closing costs of closed transactions to date.
2
PROPERTY
SELECTION
Review available investment offerings & confirm investment amount with Investor Relations.
1-2 WEEKS
3
INVESTMENT EXECUTION
Complete legal documentation and funds transfer.
1-2 WEEKS
4
ONGOING MANAGEMENT & DISTRIBUTIONS*
Receive quarterly cash distributions* and updates from our asset management team.
QUARTERLY
Industry Recognized,
Investor Trusted
Why Grocery-Anchored CRE?
The potential tax benefits are powerful. But they only matter if the income is reliable.
Here’s why we have made grocery-anchored centers the foundation of our strategy:
- Necessity-based tenants: Grocery anchors help drive traffic in differing market cycles.
- National tenants like: Kroger, Aldi, Food Lion, Amazon-owned Whole Foods, Walmart & more — blue-chip grocers with decades of operations.
- Diversified tenant mix: From restaurants, fitness, discount retail, banks, and wireless – these types of tenants are relatively insulated from online shopping impacts and help drive foot traffic.
- Historical track record: FNRP has more than $12M of retail square footage under management with more than $140M+ distributed to investors.
Cash flow potential. Tax efficiency. Institutional execution. That’s what matters.
The SALT Deduction
Just Quadrupled
Here’s what most people missed: the SALT cap didn’t just move a little — it jumped from $10,000 to $40,000.
If you’re in a high-tax state like California, New York, New Jersey, Connecticut, Illinois, or Massachusetts, that’s real money.
Now combine that with bonus depreciation and cost segregation, and the potential after-tax effect of grocery-anchored CRE looks even stronger.
QBI Deduction
20% Off the Top
If you're a Real Estate Professional The IRS defines a Real Estate Professional as a taxpayer who spends more than 50% of their working time and at least 750 hours per year in real estate trades or businesses in which you materially participate. , under Section 199A, income from FNRP’s pass-through structure may qualify for a 20% Qualified Business Income deduction.
That means $100,000 of reported income may only be taxed on $80,000.
It’s like getting a built-in discount on your tax bill.
When layered with accelerated depreciation and the expanded SALT deduction, this is one way sophisticated investors engineer tax-efficient wealth.
1031 Exchange Eligible
Deferral and Growth
Selling an appreciated property? Normally, Uncle Sam gets his cut immediately.
But with a 1031 exchange into an FNRP deal:
- You can defer capital gains taxes.
- Reinvest 100% of your proceeds, not the after-tax remainder.
- Keep more money working for you, compounding faster.
And because we pair 1031 eligibility with cost segregation and bonus depreciation, your reinvested capital may get an additional tax shield on top.
A Special Invitation for
Real Estate Professionals
My name is Ben Matheson, the Head of Investor Relations at First National Realty Partners.
I’ve been investing for decades. I’ve seen every cycle, every boom, every correction.
But on July 4, 2025, something changed that I think presents a unique opportunity in the current real estate cycle.
President Trump signed the One Big Beautiful Bill Act (OBBBA) — and for those of us who invest in real estate, it’s one of the most favorable tax shifts we’ve seen in years.
This isn’t politics. It’s math, and it’s on our side...
For the next few weeks, I’m opening my door to a one-on-one conversation with sophisticated investors seeking to place capital into commercial real estate offering the potential for cash flow and tax advantages.
Call Requirements
You must be a Real Estate Professional The IRS defines a Real Estate Professional as a taxpayer who spends more than 50% of their working time and at least 750 hours per year in real estate trades or businesses in which you materially participate. as defined by the IRS and,
You’re looking to offset/reduce your income tax.
You have the ability to make a $250,000 investment or more by 12/31.
If that’s you, I’d welcome the opportunity to meet you and discuss how these tax benefits may apply to your situation, and show you exactly how we’re structuring deals at FNRP in today’s environment.
$2B
$140M
Industry Recognized, Investor Trusted
3,100+
Closed Acquisitions
Distributed to
Investors
Investors
00 days 00 hrs 00 mins 00 secs
Learn how cost segregation, bonus depreciation, and 1031 exchanges can help reduce or defer taxable income.
See how real estate professionals and passive investors can each leverage unique tax advantages to optimize after-tax returns.
Understand the specific tax updates from the 2025 One Big Beautiful Bill Act and how they impact private equity real estate investments.
Within this free guide, you’ll find clear, actionable insights on how tax strategies can potentially enhance the performance of institutional-quality, necessity-based real estate investments.
Empower your portfolio and your tax efficiency, with knowledge used by thousands of accredited investors across the U.S.
Exclusive Look
Preview the valuable information you will gain from our guide.
Investing in What Communities Need, Delivering What Investors Want.
Learn how cost segregation, bonus depreciation, and 1031 exchanges can help reduce or defer taxable income.
Discover the Tax Benefits of Private Equity Commercial Real Estate Investing
See how real estate professionals and passive investors can each leverage unique tax advantages to optimize after-tax returns.
Understand the specific tax updates from the 2025 One Big Beautiful Bill Act and how they impact private equity real estate investments.
1.The testimonials provided herein are from FNRP investors. Prospective investors are cautioned as to any inherent conflict of interest which may exist between the investors and FNRP as a result of this relationship. Further, their representations provided may not be representative of the experience of other investors. Any testimonials provided are not a guarantee of future success.
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