Tenants-In-Common (TIC) programs, also known as fractional-ownership programs, provide the ability for investors to buy partial interests in a property as an alternative to having to buy the entire property.
TICs offer many advantages to the investor. TICs can provide a way of owning institutional grade real estate with attractive income and appreciation potential at a price the investor can tailor to their individual needs. Investors with limited funds can also diversify with TIC ownerships amongst different investment categories (Office, Retail, Multi-family, etc) and in different geographical markets.
Typically, day-to-day management of the property is handled by a professional management company and owners receive a monthly distribution check. TIC owners are eligible for the full benefits of real estate ownership, receiving a pro-rata share of income, tax benefits and appreciation.