Conservation Disposition - Representative Case Studies

Conservation Disposition - Representative Case Studies Real Estate Office

Apple Hill

Ashfield and Conway, Massachusetts

LandVest was hired by out-of-state attorneys representing the owners to achieve three goals: 1) Value the property for estate tax purposes, 2) Help coordinate the protection of the land through gifts of conservation easements, and 3) Market and sell the property as an estate once it was protected by permanent easements. The historic house was located amidst 375 acres of forests and fields, but had been uninhabited for more than 30 years and required substantial renovation. The grantor was a trustee and executor representing the estate and a related charitable foundation. The grantee was The Trustees of Reservations, a non-profit conservation organization based in Massachusetts.

LandVest determined the property’s highest and best use under various conceptual development scenarios, negotiated the terms of a conservation easement with all parties, secured the necessary approvals from the town and state, and managed the completion of a survey. The disposition strategy called for establishing the main house and other buildings on a 100+ acre parcel subject to the conservation easement. The main parcel was sold to generate income that flowed into an endowment used to manage and steward the balance of the property, which was donated outright to the grantee to create a public open space - the Bullitt Reservation.


King Oak Hill - Family Legacy Property Sold for Conservation

Weymouth, Massachusetts

LandVest assisted a family owning a 24-acre property in Weymouth, Massachusetts. The property featured a residence modeled after George Washington’s Mount Vernon and offered panoramic Boston skyline views.  It was the childhood home of beneficiaries who inherited it after their parents passed away, and was the last remaining large estate in the town, completely surrounded by dense development.   The clients had a strong desire to see the property permanently protected while also maximizing value to meet financial goals and obligations.

LandVest was initially engaged as advisors and appraisers to prepare and evaluate development and conservation options, and was subsequently hired to manage the property’s sale. The property was first offered to conservation groups, and the Town of Weymouth, for a limited period prior to an open market offering to developers and estate buyers.  

LandVest secured an agreement with the Town of Weymouth to purchase the property at full market value, thereby achieving the family’s financial and conservation goals.