Internal Revenue Code section

SVN® EXPANDS PRESENCE IN NORTH CAROLINA WITH THE ADDITION OF SVN | EFIRD COMMERCIAL REAL ESTATE

Retrieved on: 
Monday, July 19, 2021
Internal Revenue Code section, SVN, Efird

Boston, MA, July 19, 2021 (GLOBE NEWSWIRE) -- SVN International Corp. (SVNIC), a full-service commercial real estate franchisor of the SVNbrand, announces the addition of its newest franchise office, SVN | Efird Commercial Real Estate based in Wilmington, NC.

Key Points: 
  • Boston, MA, July 19, 2021 (GLOBE NEWSWIRE) -- SVN International Corp. (SVNIC), a full-service commercial real estate franchisor of the SVNbrand, announces the addition of its newest franchise office, SVN | Efird Commercial Real Estate based in Wilmington, NC.
  • SVN | Efird Commercial Real Estate offers its expertise in Retail, Industrial, Office, Multi-Family, Land Development, and 1031 Exchanges.
  • Through this new strategic partnership, the entire SVN | Efird Commercial Real Estate team gains unlimited access to industry leading-edge commercial real estate tools, technology, and systems that maximize clients time and return.
  • As the SVN brand grows across the globe, we are partnering with market leaders who share our vision of a collaborative, open approach to commercial real estate, said Kevin Maggiacomo, President & CEO of SVN, SVN | Efird Commercial Real Estate is another strong addition to SVN and we look forward to rapidly growing the SVN presence and culture in the Wilmington market.

Accruit Celebrates 10th Managed Service 1031 Exchange Client

Retrieved on: 
Friday, July 16, 2021
Finance, Internal Revenue Code section, Economy, Money, Customer, Futures contract

Customers have decided to partner with Accruit through Managed Service to gain competitive advantage with the use of Exchange Manager ProSM.

Key Points: 
  • Customers have decided to partner with Accruit through Managed Service to gain competitive advantage with the use of Exchange Manager ProSM.
  • In addition to another revenue source by offering 1031 exchange, title companies can secure their title work on both the sale and purchase while protecting their client list and banks can gain visibility into future loan opportunities.
  • Through Exchange Manager ProSM technology, Managed Service customers can offer a semi customized or fully white label 1031 exchange solution to their customers without needing to invest heavily in personnel, processes and ongoing legal requirements.
  • Managed Services is backed by Accruit's in-house Certified Exchange Specialists (CES) and Real Estate & Tax Attorneys for 1031 exchange expert support and the highest rated customer service scores in the industry.

Kay Properties Helps Clients 1031 Exchange $10 Million Real Estate Portfolio Over Time into Delaware Statutory Trust Properties

Retrieved on: 
Thursday, July 8, 2021
Regions of the United States, Geography of the United States, Delaware statutory trust, Internal Revenue Code section, Trust law, DELAWARE

After learning more about the 1031 exchange capabilities and the Delaware Statutory Trust structure, the clients decided to gradually transition away from active management.

Key Points: 
  • After learning more about the 1031 exchange capabilities and the Delaware Statutory Trust structure, the clients decided to gradually transition away from active management.
  • Through the years they have continued to work with Kay Properties and have utilized the Kay Properties 1031 DST marketplace at www.kpi1031.com .
  • The Delaware Statutory Trust exchange investments were completed by Kay Properties and Investments team members Chay Lapin, President, and Matt McFarland, Vice President.
  • These clients had very little debt on their multifamily properties and were able to remain in a low-leverage situation with their ownership in many Delaware Statutory Trust properties.

Kay Properties Helps Place Over $130 Million in Delaware Statutory Trust 1031 Exchange Investments for Family-Owned Real Estate Firm

Retrieved on: 
Friday, July 2, 2021
Finance, Money, Economy, Delaware statutory trust, Internal Revenue Code section, Real property law, Real estate agent, Qualified intermediary, Investor, Trust law

In the summer of 2020, the family-owned real estate firm began liquidating their portfolio of six large multifamily properties.

Key Points: 
  • In the summer of 2020, the family-owned real estate firm began liquidating their portfolio of six large multifamily properties.
  • The Kay Properties team worked closely with the clients legal counsel, real estate brokers, qualified intermediary and many Delaware Statutory Trust sponsor companies to execute a smooth and swift series of transactions.
  • This 1031 exchange into Delaware Statutory Trust properties was highly nuanced in its own right, said Steve Haskell.
  • Personalized service is one of the many reasons that thousands of 1031 exchange investors nationwide have opted to purchase Delaware Statutory Trust investments through Kay Properties and the www.kpi1031.com marketplace.

Kay Properties Clients Thankful for Delaware Statutory Trust 1031 Investment Marketplace During COVID-19

Retrieved on: 
Friday, June 18, 2021
Internal Revenue Code section, Real estate investing, Real property law

One of our clients completed an extensive search for properties but was unable to find a commercial property with favorable lease and loan terms during his identification period.

Key Points: 
  • One of our clients completed an extensive search for properties but was unable to find a commercial property with favorable lease and loan terms during his identification period.
  • Alex Madden, Vice President of Kay Properties and Investments, explained: As real estate investors across the country seek to evaluate properties for 1031 exchanges there are always a lot of factors.
  • Chay Lapin, President of Kay Properties and Investments, added: The marketplace of DSTs available on the KPI 1031 platform is impressive.
  • Kay Properties team members collectivelyhave over 115 years of real estate experience, are licensed in all 50 states,and have participated in over $21 billion of DST 1031 investments.

New Research Highlights Economic Contributions of Like-Kind Exchanges

Retrieved on: 
Tuesday, June 1, 2021
Presidency of Joe Biden, Taxation in the United States, Internal Revenue Code section, American Families Plan, Like-kind exchange, Economy, Tax deferral, Exchange, Money, Tax

The research, conducted by Ernst and Young, also found that like-kind exchanges will generate approximately $7.8 billion in federal, state and local taxes this year.

Key Points: 
  • The research, conducted by Ernst and Young, also found that like-kind exchanges will generate approximately $7.8 billion in federal, state and local taxes this year.
  • Baird said all of this economic activity would grind to a halt if President Biden's proposal to cap the 100-year-old tax deferral becomes law.
  • As a means to pay for his $1.8 trillion American Families Plan, the President has proposed capping gain deferred under like-kind exchanges at $500,000.
  • "A cap on like-kind exchanges would effectively eliminate Section 1031 and cripple the commercial real estate market," said Baird.

Keystone National Properties Expands Its Team

Retrieved on: 
Monday, May 17, 2021
Keystone, Internal Revenue Code section

b'JERICHO, N.Y., May 17, 2021 /PRNewswire/ --Keystone National Properties (KNPRE), a real estate and private equity firm that specializes in tax advantaged investment products, has hired two new team members in support of its planned growth initiatives.

Key Points: 
  • b'JERICHO, N.Y., May 17, 2021 /PRNewswire/ --Keystone National Properties (KNPRE), a real estate and private equity firm that specializes in tax advantaged investment products, has hired two new team members in support of its planned growth initiatives.
  • Over the course of his career, he has participated in the acquisition, management, and disposition of more than $500B in real estate deals.
  • In addition, she will develop and maintain new or existing broker-dealer relationships as the firm expands its offerings to include 1031 exchange products.
  • "\nAbout Keystone National Properties:Founded in 2016 by Michael Packman, Keystone National Properties (KNPRE) is a real estate and private equity firm whose team is passionate about delivering value to investors, the strategic growth of the firm, and positively impacting the world around them by driving environmental benefits using tax advantaged investment products.

ExchangeRight Takes Two Net-Leased Portfolios Full Cycle, Achieving 129-168% Total Returns for Investors Including Return of Capital

Retrieved on: 
Tuesday, April 13, 2021
Home Goods, Residential Building & Real Estate, Retail, Commercial Building & Real Estate, Construction & Property, Other Health, Finance, Professional services, Convenience store, Discount, Variety, Supermarket, REIT, Specialty, Food, Beverage, Health, Other Construction & Property, Economy, Finance, Money, KPMG, Madoff investment scandal, Real estate investment trust, Internal Revenue Code section, Valuation

Annual returns were the equivalent of 8.31-9.16% for investors who chose to complete a tax-deferred 721 exchange into the acquiring REIT, based on an independent KPMG valuation of the acquiring portfolio.

Key Points: 
  • Annual returns were the equivalent of 8.31-9.16% for investors who chose to complete a tax-deferred 721 exchange into the acquiring REIT, based on an independent KPMG valuation of the acquiring portfolio.
  • ExchangeRight provided the investors in each portfolio with the option to perform another 1031 exchange, receive cash, complete a tax-deferred 721 exchange, or any combination of these options.\nThis press release features multimedia.
  • More than 4,800 investors have trusted ExchangeRight to manage their capital.
  • The company strategically acquires and manages long-term, net-leased assets backed by investment-grade corporations that successfully operate essential businesses in the necessity-based retail and healthcare industries.

Cove Capital Acquires Family Dollar Net Lease Asset in Uniontown, Alabama

Retrieved on: 
Friday, March 5, 2021
Finance, Money, Economy, Securities Investor Protection Corporation, United States securities law, Delaware statutory trust, Internal Revenue Code section

LOS ANGELES, March 04, 2021 (GLOBE NEWSWIRE) -- Cove Capital Investments, LLC (Cove Capital) and its affiliates are pleased to announce the acquisition of the Family Dollar retail store located in Uniontown, Alabama (the Property).

Key Points: 
  • LOS ANGELES, March 04, 2021 (GLOBE NEWSWIRE) -- Cove Capital Investments, LLC (Cove Capital) and its affiliates are pleased to announce the acquisition of the Family Dollar retail store located in Uniontown, Alabama (the Property).
  • Cove Capital and its affiliates take pride in the acquisition of quality assets like the Property and look forward to purchasing similar debt free net lease properties for both its debt free net lease funds as well as debt free 1031 exchange Delaware Statutory Trust (DST) programs.
  • However, Cove Capital Investments, LLC does not guarantee the accuracy and validity of the information herein.
  • Securities offered throughGrowth Capital Services, member FINRA, SIPC, Office of Supervisory Jurisdiction located at 582 Market Street, Suite 300, San Francisco, CA 94104.

Cove Capital Acquires CVS Pharmacy Net Lease Asset in Muncie, Indiana

Retrieved on: 
Wednesday, March 3, 2021
Finance, Money, Economy, Securities Investor Protection Corporation, United States securities law, Delaware statutory trust, Internal Revenue Code section

LOS ANGELES, March 02, 2021 (GLOBE NEWSWIRE) -- Cove Capital Investments, LLC (Cove Capital) and its affiliates are pleased to announce the acquisition of a CVS pharmacy in Muncie, Indiana (the Property).

Key Points: 
  • LOS ANGELES, March 02, 2021 (GLOBE NEWSWIRE) -- Cove Capital Investments, LLC (Cove Capital) and its affiliates are pleased to announce the acquisition of a CVS pharmacy in Muncie, Indiana (the Property).
  • Cove Capital and its affiliates take pride in the acquisition of quality assets like the Property and look forward to purchasing similar debt free net lease properties for both its debt free net lease funds as well as debt free 1031 exchange Delaware Statutory Trust (DST) programs.
  • However, Cove Capital Investments, LLC does not guarantee the accuracy and validity of the information herein.
  • Securities offered throughGrowth Capital Services, memberFINRA,SIPC, Office of Supervisory Jurisdiction located at 582 Market Street, Suite 300, San Francisco, CA 94104.