1031 Exchange Options Announces Another Successful Acquisition by Tenant-in-Common Investors; $19.5 Million Multifamily Community Acquired In Colorado Springs.WALNUT CREEK Walnut Creek, residential city (1990 pop. 60,569), Contra Costa co., W Calif., in the San Francisco Bay area; inc. 1914. It is the trade and shipping center of an extensive agricultural area where walnuts are among the major product. , Calif. -- Cary Losson, Founder and President of 1031 Exchange Options, today announced on behalf of clients the successful acquisition of a Tenancy-in-Common (TIC) investment: The Commons at Briargate. The property was acquired for $19.5 million. Located in Colorado Springs, Colorado The City of Colorado Springs is the second most populous city (after Denver) in the state of Colorado and the 48th most populous city in the United States.[4] The city is the county seat of El Paso County. , the 194-unit multifamily community features stunning views of Pike's Peak as well as its ideal location near four business parks. The community has access to a full range of shopping opportunities and property amenities, including a cardiovascular center, outdoor pool, and spa. "This is another quality acquisition by RK Properties on behalf of our client investors," said Christian Mirner, Sr. Vice President -- Real Estate for 1031 Exchange Options. "The property is located in one of the strongest apartment submarkets in Colorado Springs Colorado Springs, city (1990 pop. 281,140), seat of El Paso co., central Colo., on Monument and Fountain creeks, at the foot of Pikes Peak; inc. 1886. It is a year-round resort and a booming military, technological, and commercial city. and is only 15 minutes from downtown. The city is seeing a solid resurgence in its hi-tech and telecom job markets. Combine that with its central location to the major business parks in the area and the beautiful setting beneath Pike's Peak, and you've got a solid winner with lots of potential." RK Properties acquired the property from Dermot Briargate, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control on behalf of the co-ownership group of TIC investors. 1031 Exchange Options represented a quarter of the total equity placed by individual investors, including many who successfully completed 1031 exchanges with the acquisition of their undivided fractional interest in this property. About 1031 Exchange Options 1031 Exchange Options is a leading real estate investment consultancy representing clients in investments structured for co-ownership. We advise clients on 1031 exchanges, Tenancy-in-Common (TIC) ownership, triple net leased properties, funds, LLCs, REITs, and other alternative real estate investments. 1031 Exchange Options offers securities through Sigma Financial Corporation, Member NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). and SIPC (Simply Interactive PC) An earlier umbrella term from Microsoft and Intel for a PC that works like a home appliance. For example, it has a sealed case, uses external connectors for expansion and boots in just a couple of seconds. . 1031 Exchange Options' national headquarters is located in the San Francisco Bay Area “Bay Area” redirects here. For other uses, see Bay Area (disambiguation). The San Francisco Bay Area, colloquially known as the Bay Area or The Bay . The company services clients nationwide. Additional information is available at www.1031ExchangeOptions.com. While these statements are meant to convey to the public the company's progress, business opportunities and growth prospects, readers are cautioned that such forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. represent management's opinion. While management believes such representation to be true and accurate based on the information available to the company, actual results may differ materially from those described. |
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