Our Story

We Provide Secure

Real Estate Investment Opportunities

Legacy brings together a team with decades of experience in the commercial real estate market. Committed to providing a superior investor experience as a full-service sponsor, Legacy focuses predominantly on tax-strategic investments coupled with income-generating real estate. As principals in each of our investments, we invest alongside our investors while providing leasing and management services to further our hands-on approach to real estate.

I have invested with Legacy affiliates on several deals because of their industry knowledge and commitment to transparency.

Rod L.

Real Estate is a major part of my investment portfolio, and can be a complicated asset class. Legacy has a tremendous background in tax-strategic investments and provides clarity along with diversification options.

Amor Z.

Duane and Michael have been great to work with and Legacy is a Sponsor I can trust.

John M.

Eileen Rose


Eileen is a 20-year veteran of the real estate accounting industry, responsible for NAI Legacy’s corporate accounting, lease processing, tenant audits, budgeting, year-end tax preparation, and all property level accounting. Eileen works closely with our property owners, addressing their property accounting questions and assisting with other property management duties as needed. In this capacity, she regularly meets with tenants, contractors, and vendors. She also serves as a back up in handling tenant service calls. Internally, Eileen manages human resources, computer and telephone upgrades, and equipment purchases for the main office.

Duane H Lund


Duane H Lund is the CEO of Legacy Commercial Real Estate Partners (Legacy) and Managing Partner and CEO of NAI Legacy (Minneapolis-based office of NAI Global). He is a thirty-year veteran of the real estate industry and is also the President of Exchange Realty Inc, a private investment firm that was focused on the acquisition and ownership of commercial real estate assets. Through affiliated entities, Exchange Realty currently holds positions in a diverse portfolio of real estate assets including industrial, office medical, retail, mini-storage and development land. Prior to Exchange Realty Inc., Duane was involved in the formation of several private and public companies including The Geneva Organization, Stonehaven Realty Trust, First Industrial Realty Trust and RESoft Inc. Duane has over ten years of direct experience in several public Real Estate Investment Trusts (REITs). Duane was the largest Umbrella Partnership Real Estate Investment Trust (UPREIT) partner in Stonehaven Realty Trust (AMEX:RPP), which was acquired by a private investment firm in 2003, a founding UPREIT partner and a Senior Regional Director for First Industrial Realty Trust, Inc. (NYSE:FR), and an UPREIT partner in Investors Real Estate Trust (NYSE:IRET). Prior to his REIT career, he was a Partner with The Shidler Group, a private real estate investment company. Prior to his real estate career, Duane was a CPA with KPMG Peat Marwick. Duane is the former president of the Wisconsin Real Estate Alumni Association, a current member of the University of Wisconsin Center for Real Estate, a former board member of the National Association of Industrial and Office Properties, and a former member of the advisory boards of the Midwest Real Estate News, the Minnesota Real Estate Journal and the KPMG Peat Marwick Alumni Association. He has been a keynote speaker at various industry events throughout the nation, providing expertise regarding capital market debt and equity structure, 1031 exchange strategies, REITs, and real estate acquisition and disposition strategies. Duane earned a Bachelor of Business degree in accounting and a Master’s degree in real estate from the University of Wisconsin-Madison.

Michael P Klisanich

Managing Director

Michael P. Klisanich has spent over a decade in the commercial real estate industry, transacting on over $1 billion of investments. Currently, Michael is a Managing Director of Legacy Commercial Real Estate Partners (Legacy) focused on the acquisition and ownership of real estate assets. Prior to Legacy, Michael was with Minneapolis-based Hempel Companies, where he sourced and evaluated property level commercial real estate and development opportunities. Along with the Hempel principals, Michael helped launch a new separately managed company in the oil and gas midstream industry and was ultimately responsible for securing a $175+ million private equity partnership from a leading institutional infrastructure investor. Prior to Hempel, Michael worked at The Geneva Organization on the acquisition team, focusing on 1031 tax-deferral strategic investments. Throughout his career, Michael has specialized in the execution of complex and strategic investments and helped author and execute numerous capital raises across a broad range of sectors including commercial real estate, technology, and oil & gas. He is currently a member of the National Association of Industrial and Office Properties (NAIOP). Michael earned a Bachelor of Commerce degree (with honors) from the Smith School of Business at Queen’s University (located in Ontario, Canada).

Teddy Cashin


Teddy Cashin is a Partner focused on asset and property management, as well as acquisition underwriting and legal due diligence. He currently oversees a diverse portfolio of commercial assets, totally approximately 1.2M square feet. He is also a partner and chief operating officer at Equity Commercial Management, where he is responsible for the day-to-day operations of the company, including overseeing vendors, responding to tenant needs, negotiating leases, preparing budgets, and marketing properties as needed. Teddy assists property owners with strategic planning related to asset disposition, repositioning, refinancing, and capital investments. Teddy oversees the financial performance of each property and manages the efficient operation of NAI Legacy client assets, from coordinating daily maintenance to preparing and executing long term strategies. In these roles, he meets regularly with tenants and works closely with brokers, contractors, vendors, and bankers.

Prior to joining NAI Legacy, Teddy worked for private commercial real estate development and investment firms in Chicago, Illinois, where he was responsible for investment underwriting, asset management, marketing, deal sourcing, and due diligence related to acquisitions and dispositions.

Teddy holds a Juris Doctor degree from Chicago-Kent College of Law and a Bachelor of Arts degree in economics from Northwestern University.

How We are Different

Legacy is built on experience. We provide competitive returns to sophisticated real estate investors utilizing our experience and hands-on approach.


We invest in our backyard where we are experts on local market trends and nuances or rely on our affiliated partners’ local knowledge to guide investment strategies.

Due Diligence

Legacy checks and double checks every aspect and scenario to prepare for contingencies.

Property Management

Our professional team provides onsite property management with regular investor updates.

Tax Strategies

Triple-net leases, 1031 exchanges, Opportunity Zones, and Bonus Depreciation opportunities - Our team are experts in leveraging favorable tax programs.

Investor Services

A fully integrated digital platform with transparency of documents, tracking, reports, and payments.

Wealth Building

Legacy’s team of experts can integrate commercial real estate as a critical component of your overall wealth-building goals.

Our Proposition

Explore Superior

Real Estate Investment Opportunities.

View our current line-up of commercial real estate investment opportunities. Our team of experts have analyzed and vetted these properties which are now open, or coming soon, for investment.

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Explore Superior Real Estate Investment Opportunities.

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