1031 Exchange Options Closes Strong First Quarter.Business Editors/Real Estate Writers LAFAYETTE Lafayette (lä'fēĕt`, lăf'ēĕt`). 1 City (1990 pop. 23,501), Contra Costa co., NW Calif., a residential suburb in the San Francisco–Oakland area; settled 1848, inc. 1968. , Calif.--(BUSINESS WIRE)--April 16, 2004 1031 Exchange Options, a leading real estate investment consultancy, today announced closure of its first quarter for 2004 with a 77 percent increase in business growth over the first quarter in 2003. The company closed first quarter with its clients acquiring $78 million in real estate on 63 successfully completed transactions, compared to $44 million in real estate with 41 transactions in its first quarter of 2003. For 2004, 1031 Exchange Options expects to nearly triple its results, forecasting client investments in excess of $750 million. "In addition to our significant business growth in production over the company's first quarter last year, we saw a 54 percent transactional growth rate," noted Cary Car·y A town of east-central North Carolina, an industrial suburb of Raleigh. Population: 98,000. Losson, Founder and President of 1031 Exchange Options. "The average size of our transactions continues to increase and we are on track for a very productive year." In 2003, 1031 Exchange Options successfully completed nearly 300 TIC/Co-ownership of Real Estate (CORE) transactions, placing clients into more than $300 million of real estate. This included the largest TIC/CORE transaction in history: the Puente Hills Mall Puente Hills Mall, located in Industry, California, United States, is a major regional shopping center in the San Gabriel Valley region of Los Angeles County. The mall was built in 1974 after the completion of the Pomona Freeway a few years earlier. , a 1.187 million-square-foot regional shopping center shopping center, a concentration of retail, service, and entertainment enterprises designed to serve the surrounding region. The modern shopping center differs from its antecedents—bazaars and marketplaces—in that the shops are usually amalgamated into valued at $146 million. The company's clients accounted for more than half of the funding of the transaction. "1031 Exchange Options is on the leading edge of the growing 1031 TIC industry. They provide the highest quality of professionalism professionalism the upholding by individuals of the principles, laws, ethics and conventions of their profession. and client service," stated industry expert Louis Louis, titular duke of Burgundy Louis, 1682–1712, titular duke of Burgundy; grandson of King Louis XIV of France. He became heir to the throne on the death (1711) of his father, Louis the Great Dauphin. J. Rogers, Esquire, partner and head of the Real Estate Securities Practice Group for Hirschler Fleischer. "We have had the pleasure of educating property owners about tax deferred exchanges at programs presented by 1031 Exchange Options. They're an outstanding firm providing professional, informative programs designed to educate property owners about the TIC opportunities throughout the country," added David Kuns, CES, Vice President of Starker Services, Inc., a national intermediary Intermediary See: Financial intermediary intermediary See financial intermediary. . About 1031 Exchange Options 1031 Exchange Options is a real estate investment consultancy. The recognized leader in 1031 tax deferred exchange transactions, 1031 Exchange Options works with investors seeking to exchange investment property for institutional-grade real estate ownership. The company advises clients on tenant in common ownership, funds, LLCs, and REITs and other real estate investments. 1031 Exchange Options is headquartered 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 and provides real estate investment consulting to clients nationwide. Additional information is available at www.1031tic.com. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion