1031 Exchange Options Announces Successful Acquisition of Southeastern Multifamily Community by Tenant-in-Common Investors.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 its clients the successful acquisition of a Tenancy-in-Common (TIC) investment: Cypress Greens in Florida. 1031 Exchange Options represented nearly 70% of the total equity placed by individual investors, including many who successfully completed 1031 exchanges with the acquisition of their undivided fractional interest in the property. The co-owners acquired the property for $15,625,000, net of reserves. The 252-unit multifamily community is located in Orlando, Florida The city of Orlando is a major city in central Florida and is the county seat of Orange County, Florida. According to the 2000 census, the city population was 185,951. A 2006 U.S. , home to numerous beaches, and a great concentration of theme and fantasy parks, including Universal Studios. The property features a swimming pool, spa, fitness center, racquetball racquetball, sport played indoors by two or four players, combining elements of court handball and such racket games as squash racquets. It is played on a standard handball court 40 ft (12.2 m) long, 20 ft (6. and tennis courts, and views of an 18-hole championship golf course. "The Southeast continues to be hot spot for real estate investment," said Christian Mirner, Sr. Vice President -- Real Estate for 1031 Exchange Options. "This year, we've placed our client investors in many properties in Florida, Georgia, and North Carolina North Carolina, state in the SE United States. It is bordered by the Atlantic Ocean (E), South Carolina and Georgia (S), Tennessee (W), and Virginia (N). Facts and Figures Area, 52,586 sq mi (136,198 sq km). Pop. , because we are seeing solid real estate fundamentals in this region. Cypress Greens is a good asset in a strong location and we are very pleased for our client investors." US Advisor acquired the property from Sumetro, Inc. on behalf of the co-ownership group of TIC investors. 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 lease, 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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