Triqor Group is pleased to announce the sale of 60 units in Orange County for $16,475,000. Ala Moana Apartments is located in Costa Mesa, CA consisting of majority 2-Bedroom units. Managing Partner, Gary Tolfa and Multifamily Family Investment Advisor, Ryan Anderson, successfully represented both buyer and seller for the transaction and was able to negotiate appropriate measures to facilitate 1031 Exchanges . During the transaction process, Gary and Ryan were able to negotiate a long escrow with seller extensions in order to facilitate the exchange and identified the seller’s replacement out-of-state upleg property prior to closing escrow on the downleg.
The Seller’s 1031 Tax Deferred Exchange Included:
- Traded Equity Out of State into an Off-Market Opportunity
- Purchased “Upleg” 216-Unit Property – Constructed in 2007
- Increased Cash Flow ~72% from $450,000 per year to $775,000 per year
- Increased After Tax Cash Flow 150%
In the past 12 months, Triqor Group has sold over $468 million in real estate. Over 80% were through 1031 Exchanges.
If you are considering an exchange to grow your portfolio:
Ask about Triqor Group’s Proprietary Exchange Program