Tenants in common 1031 exchange

IPX1031 Unleashes Its Frightfully Fun 10-31 Day Video On 10/31

Retrieved on: 
Tuesday, October 31, 2023
Tenants in common 1031 exchange, 1031, Social media, Tax, Cryptocurrency

CHICAGO, Oct. 31, 2023 /PRNewswire/ -- National 1031 Qualified Intermediary leader, Investment Property Exchange Services, Inc. (IPX1031) celebrates October 31st with the debut of its Day of the 10-31 video.

Key Points: 
  • CHICAGO, Oct. 31, 2023 /PRNewswire/ -- National 1031 Qualified Intermediary leader, Investment Property Exchange Services, Inc. (IPX1031) celebrates October 31st with the debut of its Day of the 10-31 video.
  • Halloween is here and there is not a more fitting day in the 1031 industry for a fun video showcasing what IPX1031 does best – Saving Your Bacon.
  • Whether you're a real estate investor or a Halloween lover, IPX1031's This Little Piggy video will be a treat for you!
  • "This video is a fun and light-hearted way to bring attention to the importance of 1031 Exchanges," said John Wunderlich, IPX1031 President.

CTO Realty Growth Announces Sale of Community Shopping Center in Fort Worth, TX For $14.8 Million

Retrieved on: 
Monday, October 16, 2023
PARK, Westcliff-on-Sea, Sale, Tenants in common 1031 exchange, Alice P. Albright, NYSE, Property, Bank

WINTER PARK, Fla., Oct. 16, 2023 (GLOBE NEWSWIRE) -- CTO Realty Growth, Inc. (NYSE: CTO) (the “Company” or “CTO”) today announced the closing of the sale of Westcliff Shopping Center, a 134,750 square foot single community shopping center located in Fort Worth, Texas (the “Property”).

Key Points: 
  • WINTER PARK, Fla., Oct. 16, 2023 (GLOBE NEWSWIRE) -- CTO Realty Growth, Inc. (NYSE: CTO) (the “Company” or “CTO”) today announced the closing of the sale of Westcliff Shopping Center, a 134,750 square foot single community shopping center located in Fort Worth, Texas (the “Property”).
  • The Property was sold for $14.8 million, representing an exit cap rate of 5.2% and generating a loss on sale of approximately $0.9 million.
  • The Company expects to utilize the sales proceeds as part of a Section 1031 like-kind exchange (the “1031 Exchange”).
  • With the closing of this transaction, the Company has approximately $36.1 million of proceeds held in 1031 restricted cash accounts.

CTO Realty Growth Announces Sale of Single Tenant Office Property in Reston, Virginia For $18.5 Million

Retrieved on: 
Monday, October 2, 2023
Tenants in common 1031 exchange, Alice P. Albright, Sale, PARK, General Dynamics, Property, NYSE, Commercial property

WINTER PARK, Fla., Oct. 02, 2023 (GLOBE NEWSWIRE) -- CTO Realty Growth, Inc. (NYSE: CTO) (the “Company” or “CTO”) today announced the closing of the sale of Reston Metro Center II, a 64,319 square foot single tenant office property located in Reston, Virginia leased to General Dynamics (the “Property”).

Key Points: 
  • WINTER PARK, Fla., Oct. 02, 2023 (GLOBE NEWSWIRE) -- CTO Realty Growth, Inc. (NYSE: CTO) (the “Company” or “CTO”) today announced the closing of the sale of Reston Metro Center II, a 64,319 square foot single tenant office property located in Reston, Virginia leased to General Dynamics (the “Property”).
  • The Property was sold for $18.5 million, representing an exit cap rate of 7.2% and generating a gain on sale of approximately $1.3 million.
  • “This sale continues our progress of accretively recycling non-core assets into core retail shopping center properties in business-friendly growth markets,” said John P. Albright, President and Chief Executive Officer off CTO Realty Growth, Inc.
  • With the closing of this transaction, the Company has approximately $21.8 million of proceeds held in 1031 restricted cash accounts.

IPX1031 Again Named Best Overall 1031 Exchange Company

Retrieved on: 
Thursday, September 28, 2023
CES, Tenants in common 1031 exchange, Foreign exchange company, Investopedia, Balance

CHICAGO, Sept. 28, 2023 /PRNewswire/ -- Investment Property Exchange Services, Inc. (IPX1031), the national leader for 1031 Qualified Intermediary services, once again has been named Best Overall 1031 Exchange company by Fit Small Business for 2023.

Key Points: 
  • CHICAGO, Sept. 28, 2023 /PRNewswire/ -- Investment Property Exchange Services, Inc. (IPX1031), the national leader for 1031 Qualified Intermediary services, once again has been named Best Overall 1031 Exchange company by Fit Small Business for 2023.
  • IPX1031 provides nationwide Qualified Intermediary services for all types of 1031 Exchanges including delayed, simultaneous, reverse, and improvement transactions.
  • "At IPX1031, our incredible team continues to serve our clients and partners with excellence, and this recognition highlights our ongoing commitment to provide the best experience for our customers," said IPX1031 President, John Wunderlich.
  • IPX1031 has been named Best 1031 Exchange Company for multiple years by several rating agencies including Investopedia, The Balance, Awning, ROI Advisors and Inside 1031.

Accruit Technologies Successfully Implements 1031 Exchange Software Exchange Manager Pro(SM) for Asset Preservation Inc.

Retrieved on: 
Tuesday, September 12, 2023
Software as a service, Tenants in common 1031 exchange, Organization, API, Internal Revenue Code section 1031, Exchange, STC, Qualified intermediary, NYSE, Security (finance), Sales

DENVER, Sept. 12, 2023 /PRNewswire/ -- Accruit Technologies, a Millennium Trust solution, announced today the successful implementation of Exchange Manager Pro(SM), patented 1031 exchange software, for Asset Preservation, Inc. (API), a national Qualified Intermediary of publicly-traded parent company Stewart Information Services Corp (NYSE: STC).

Key Points: 
  • Accruit Technologies, the leader in 1031 SaaS solutions, completes the implementation of Exchange Manager Pro(SM), for Qualified Intermediary, Asset Preservation Inc., a Stewart company.
  • DENVER, Sept. 12, 2023 /PRNewswire/ -- Accruit Technologies, a Millennium Trust solution, announced today the successful implementation of Exchange Manager Pro(SM), patented 1031 exchange software, for Asset Preservation, Inc. (API), a national Qualified Intermediary of publicly-traded parent company Stewart Information Services Corp (NYSE: STC).
  • Exchange Manager Pro(SM) standardizes the 1031 Exchange workflow through embedded controls to track deadlines, automated document creation and distribution, electronic signatures, and data consolidation, resulting in 30% improved efficiencies and increased client satisfaction.
  • "The integration of Exchange Manager Pro(SM) into Asset Preservation's operations is a large milestone for Accruit Technologies," stated Accruit President Brent Abrahm.

IPX1031 Announces 1031 Exchange Misconceptions List for 2023

Retrieved on: 
Wednesday, July 26, 2023
Tenants in common 1031 exchange, Internal Revenue Code section 1031, Cryptocurrency, Life insurance

CHICAGO, July 26, 2023 /PRNewswire/ -- Investment Property Exchange Services, Inc. (IPX1031), the leading national provider of 1031 Exchange services, has released their annual Top Misconceptions about 1031 Exchanges for 2023.

Key Points: 
  • CHICAGO, July 26, 2023 /PRNewswire/ -- Investment Property Exchange Services, Inc. (IPX1031), the leading national provider of 1031 Exchange services, has released their annual Top Misconceptions about 1031 Exchanges for 2023.
  • "We are excited to release this year's Top Misconceptions for 2023," said Scott Nathanson, IPX1031 Executive Vice President.
  • Our goal is that all exchangers have the information necessary to obtain 100% tax deferral by utilizing a 1031 Exchange."
  • For details regarding how these items are misconstrued, view the full article at www.ipx1031.com/top-1031-misconceptions-2023/
    The top 10 misconceptions for 2023 are:

Verde Bio Holdings, Inc. Announces Opportunistic Divestiture of Assets

Retrieved on: 
Tuesday, June 27, 2023
Tenants in common 1031 exchange, Sale, OTC, Acquisition, Environment, StoneX Group Inc., Bank

FRISCO, TX, June 27, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – Verde Bio Holdings the, Inc. (OTC: VBHI), a growing and dynamic oil and gas Company, today announced that it has closed on the sale of 55% interest in three of its non-core lower performing assets for $398,750 to a private buyer. The transaction closed on 6/23/2023 with an effective date of June 1, 2023. The Company plans to reinvest the proceeds from this transaction into higher performing assets.

Key Points: 
  • The Company plans to reinvest the proceeds from this transaction into higher performing assets.
  • “This is a great example of responsible portfolio management and solid execution of our business model,” Mr. Cox, CEO of Verde, stated.
  • “Our strategic acquisition strategy allowed us to purchase these assets at historically low prices and then monetize them as commodity prices rose to recent highs.
  • We will continue to be opportunistic for our shareholders when a situation, such as this, presents itself.

Investment Property Exchange Services, Inc. (IPX1031®) To Be Featured on Viewpoint with Dennis Quaid

Retrieved on: 
Thursday, June 22, 2023
Tenants in common 1031 exchange, Knowledge, Partnership, Internal Revenue Code section 1031, Viewpoint, Investment, Sales

MIAMI, June 22, 2023 /PRNewswire-PRWeb/ -- Viewpoint with Dennis Quaid, a highly acclaimed short-form series that brings insightful discussions to viewers nationwide, is thrilled to announce its partnership with Investment Property Exchange Services, Inc. (IPX1031), the leading nationwide provider of 1031 Exchange services. This collaboration aims to introduce new educational content that will promote clarity and transparency within the 1031 Exchange industry.

Key Points: 
  • Viewpoint with Dennis Quaid Announces Partnership with Investment Property Exchange Services, Inc. (IPX1031®) to Showcase New Educational Content.
  • MIAMI, June 22, 2023 /PRNewswire-PRWeb/ -- Viewpoint with Dennis Quaid, a highly acclaimed short-form series that brings insightful discussions to viewers nationwide, is thrilled to announce its partnership with Investment Property Exchange Services, Inc. (IPX1031), the leading nationwide provider of 1031 Exchange services.
  • This collaboration aims to introduce new educational content that will promote clarity and transparency within the 1031 Exchange industry.
  • Viewpoint with Dennis Quaid has become synonymous for engaging content, providing viewers with a unique perspective on various topics.

Exchange Authority appoints Al Caporale, Esq., to President & CEO

Retrieved on: 
Wednesday, March 29, 2023
University, Tenants in common 1031 exchange, Executive, World Federation of Exchanges, Internal Revenue Code section 1031, Culture, Exchange, Attitude, Fidelity Bank, Commodity Exchange Authority, Quinnipiac University School of Law, Investment, Knowledge, FEA, Financial adviser, Cryptocurrency, Tax, Caporale

LEOMINSTER, Mass., March 29, 2023 /PRNewswire/ -- Exchange Authority, a leading consultant and facilitator for Section 1031 exchanges and a wholly-owned subsidiary of Fidelity Bank, today announced the appointment of Albino (Al) Caporale, Esq., to President and CEO.

Key Points: 
  • Most recently, he served as the Executive Director of CATIC Exchange in Hartford, Connecticut.
  • During his career, Al has personally assisted thousands of clients in structuring and facilitating a wide range of 1031 exchange transactions.
  • He is a licensed attorney in Connecticut and also holds a Certified Exchange Specialist designation established by the Federation of Exchange Accommodators (FEA), the only national trade association for 1031 exchange practitioners.
  • "The Exchange Authority has a strong legacy as 'the experts who the experts turn to for 1031 advice,'" said Caporale.

Schrader Farmer’s Economy Update series enlarged to include four cities

Retrieved on: 
Tuesday, January 31, 2023
Agriculture, Natural Resources, Other Construction & Property, Commercial Building & Real Estate, Construction & Property, Tenants in common 1031 exchange, Beck, Tenant, Country club, Agricultural law, Washburn University School of Law, Salomon, City, Marketing, Risk management, Real estate, Schrader, Auction, Lafayette

Schrader Real Estate and Auction Company will expand its Farmer’s Economy Update series to four cities in 2023, beginning with the first session in Venice, Florida, on February 16.

Key Points: 
  • Schrader Real Estate and Auction Company will expand its Farmer’s Economy Update series to four cities in 2023, beginning with the first session in Venice, Florida, on February 16.
  • The first update will begin at 11:30 a.m. at the Plantation Golf & Country Club in Venice.
  • “The Farmer’s Update series has been well received and attended for several years in Venice and in Fort Wayne, Indiana.
  • We will wrap up the series with our session in Fort Wayne on March 10,” said Schrader.