1031 Exchange investors eye vacation homes in Orlando to meet July 15 deadline
Orlando is becoming a popular destination for 1031 exchange real estate investors rushing to make like-kind real estate exchanges ahead of the July 15 deadline. An example of this trend are the luxury vacation homes at The Grove Resort & Water Park, which have seen a growing number of inquiries from 1031 exchange investors since Florida’s shelter-in-place order was lifted in May. The … Continue reading 1031 Exchange investors eye vacation homes in Orlando to meet July 15 deadline Continue Reading
Megatel Homes LLC, one of the largest homebuilders in the state of Texas, today announced the lot acquisition of a 29-acre parcel of land in the Dallas suburb of Mansfield. Once developed, the $40 million residential project, known as Mitchell Farms, will feature 112 single-family homes ranging in size between 1,700 square feet and 4,500 square feet which will be priced … 
The Bluerock Total Income+ Real Estate Fund has paid a second quarter distribution of $0.3934 per share, or 1.31% for the quarter, based on the share price of $29.94 (A-shares) for shareholders of record as of June 12, 2020. This distribution amount represents an annualized rate of 5.25%* based on the current share price, marking the Fund’s 30th consecutive quarterly … 
Big Lots, Inc. announced the closure of its previously announced sale and leaseback transactions with affiliates of Oak Street Real Estate Capital, LLC (“Oak Street”) relating to its four company-owned distribution centers. Gross proceeds from the transactions were $725 million and net proceeds, after expenses and taxes, are expected to be approximately $550 million. Prior to closing, the … 
Farmland Partners Inc. announced today that Rota Fortunae, the pseudonymous author who executed a “short-and-distort” attack on the Company via a posting published on SeekingAlpha.com, has been identified as Quinton Mathews from Dallas, Texas. Mr. Mathews’ disclosure of his name and the names of others he previously tried to shield from disclosure came in response to a Court … 
Properly, a Toronto-based real estate technology company that is transforming the process of buying and selling homes, has recently launched an innovative affiliate program in partnership with Fintel Connect. Properly was founded in 2018 with a mission to create a more empowering home buying and selling experience for Canadians. Fintel Connect Properly Properly’s partnership … 
Capital Square, a national investment sponsor specializing in tax-advantaged real estate offerings, announced today that it has promoted Chris Hirth to vice president of asset management and Jerad Nielsen to senior asset manager. “Capital Square employs an asset management structure where a designated asset manager is the ‘quarterback’ of the management team for each property,” said Louis Rogers, founder and … 
Skyrocketing unemployment across the U.S. has prompted millions of adults to move back in with their parents. A new Zillow® analysis shows potential rent lost from Gen Z alone could total an estimated $726 million, and the ripple effects of their next move could have far-reaching consequences for the housing market. The number of adults living in a … 
In response to the murder of George Floyd and the deeply ingrained systemic racism in our country, the Pohlad Family announced today that it is committing $25 million to racial justice, bringing to bear resources of the Pohlad Family Foundation, Pohlad family members, and Pohlad Companies in a two-phased, community-based approach. “Black people have experienced oppression and racism for … 
Trevian Asset Management has signed an agreement on asset management of Duetto Business Park located in Helsinki, Finland. The co-operation aims to re-develop Duetto to meet the growing office space needs of Pasila-Käpylä, a rapidly developing area on the Helsinki real estate market. Trevian’s newly signed international partner is a major foreign asset manager with global investment assets. …