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Can my Sterling Trust account purchase a portion of a property in conjunction with other investors (such as a tenant-in-common or “TIC” arrangement)?

April 26, 2017account conjunction investors portion Property purchase Sterling tic Trust

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Can my Sterling Trust account purchase a portion of a property in conjunction with other investors (such as a tenant-in-common or “TIC” arrangement)?

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Yes, provided that the other investors are not disqualified persons. The deed must be registered in the name of “Equity Trust Company, d/b/a Sterling Trust, Custodian FBO Accountholder Name, Account #____ as to an undivided ___% interest.” The deed must specify the exact undivided interest %.