22A — May 21 - June 17, 2021 — M id A tlantic Real Estate Journal
www.marej.com
M id A tlantic R eal E state J ournal
Net lease properties still in strong demand during pandemic CBRE’s Philadelphia based net-lease team sells 24 properties in Q1 2021, totaling +$90 Million
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the first quarter included the $6.1 million sale of SAI MedPartners in Exeter Town-
A/NJ — CBRE an- nounced a successful first quarter for the
ship, Penn- sylvania, a $3.6 million sale of DaVi- ta Dialysis in Woodbridge, New Jersey, and the $3.9 million sale of a Pet Pal- ace in West C h e s t e r , Ohio. “Our team’s transaction velocity was solid in the first quarter and we ex- pect that to
P h i l a d e l - phia-based a r m o f CBRE’s Net- Lease Prop- erties team c omp r i s e d of Matthew G o r m a n , M i c h a e l S h o v e r , T h o m a s Finnegan and Robert Thompson. The team sold 24 prop- erties dur- ing the first q u a r t e r ,
Auto Lenders
AI MedPartners in Exeter Township, PA
Matthew Gorman
Michael Shover
Thomas Finnegan
Robert Thompson
You’d have instant diversi- fication which many investors value, especially in these uncer- tain times. That’s the nice thing about the fractional real estate invest- ments I’m going to tell you about in a moment. They’re stand- alone real estate investments in a variety of places. And we’ll help you choose the properties that works best for you. Reason #5: You get the op- portunity to invest in larger real estate deals One of the nicest things about fractional ownership of real es- tate is that you can, if you wish, get pieces of larger real estate deals than you do now. Maybe you like the prospects for a certain type of real estate — but thought it was out of reach because of the size of the required investment. But now, with fractional own- ership, you can get a piece of just about any type of real estate investment you like, no matter how big. And I’ll show you how in just a moment. Reason #6: You can use a 1031 exchange to defer the taxes when you sell your property Occasionally, the tax code actually makes sense. And one continue with another $175 million under agreement and on the market,” said Gorman. “Buyers have focused their investment profiles to specific industries and we’re continu- ally advising our clients on which assets can achieve best pricing in ever-changing mar-
more time and more energy for your family, your friends and your hobbies. Better yet, you’ll feel better thanks to the reduced stress and you’ll be more fun to be around. Reason #3: You can realize the value of your real estate now instead of later. Many investors I talk to like the idea of selling their invest- ment property and realizing its value. However, they don’t want to pay the taxes, nor do they want to spend the time and ef- fort needed to find a new piece of property to roll their money into. Those are two of the things that make fractional investing in a portfolio of real estate so at- tractive. You don’t have to spend a lot of time searching for a new property — it’s all done for you. Better yet, by reinvesting your money with a tax-deferred 1031 exchange, you can move on with your life. Reason #4: You can quickly and easily become more di- versified Imagine if you could easily spread your real estate invest- ments into different types and sizes of property in variety of geographical areas. totaling $90,315,094. The standout transaction was a 10-property corporate sale- leaseback of Auto Lenders owned real estate in Penn- sylvania and New Jersey that traded for approximately $55 million. Other noteworthy closings completed during
We also offer you the opportu- nity to make fractional invest- ments in these properties. This real estate allows you to invest passively without any of the responsibilities of active management. It also lets you diversify your real estate port- folio far beyond what you’re do- ing now. And you can defer the taxes on any properties you sell. Please contact Kay Properties to get a better understanding of how you can utilize the 1031 ex- change to get all these benefits and more. For more information on how 1031 exchanges work and your available investment options, please visit www.kpi1031.com. When you register, you’ll receive a free book on 1031 exchanges and DST properties. You’ll also find valuable information as you decide what the right strategy is for your specific 1031 exchange. Jason Salmon is senior vice president; managing director of real estate ana- lytics at Kay Properties & Investments. About Kay Properties and www.kpi1031.com Kay Properties is a national Delaware Statutory Trust (DST) investment firm. The www. kpi1031.com platform provides access to the marketplace of with Thomas Finnegan and Robert Thompson. The team specializes in the marketing and sale of single and multi-tenant net-lease in- DaVita Dialysis in Woodbridge, NJ
ket conditions,” Shover added. MatthewGormanandMi- chael Shover lead the CBRE Net-Lease Property Group Mid-Atlantic Team along
vestment real estate. In their fifteen year history, the team has sold more than $2.35 bil- lion in net lease properties nationwide. MAREJ
continued from page 2A Six reasons to sell the income property you love…
of those occasions is with 1031 exchanges, which allows you to sell a property at a hefty profit and defer the taxes when you move your money into a “like- kind” property. Most investors consider “like- kind” to be an imposing limita- tion, but the fact is, the rules are less rigid than you might think. For example, moving from an apartment building into a piece of raw land might not seem a “like-kind” exchange, but the rules allow it. However, there are time limi- tations that must be followed to the letter. For example, you have to identify a replacement property within 45 days of the day you sell your property. And you have to close on a new real estate investment within 180 days of selling your property. It generally makes sense to work with a specialist in 1031 exchanges to make sure you stay within the IRS’s rules, and that your transaction is completed on time. Find the properties that fit your investment objectives Kay Properties & Investments specializes in 1031 exchanges. And we’ll work with you to find the property or properties that fit your objectives as an investor.
DSTs from over 25 different sponsor companies, custom DSTs only available to Kay clients, independent advice on DST sponsor companies, full due diligence and vetting on each DST (typically 20-40 DSTs) and a DST secondary market. Kay Properties team members collectively have over 115 years of real estate experience, are li- censed in all 50 states, and have participated in over 15 Billion of DST 1031 investments. MAREJ This material does not constitute an offer to sell nor a solicitation of an offer to buy any security. Such offers can be made only by the confidential Private Placement Memorandum (the “Memorandum”). Please read the entire Memorandumpaying special attention to the risk section prior investing. IRC Section 1031, IRC Section 1033 and IRC Section 721 are complex tax codes therefore you should consult your tax or legal profes- sional for details regarding your situation. There are material risks associated with investing in real estate securities including illiquidity, vacancies, general market con- ditions and competition, lack of operating history, interest rate risks, general risks of owning/operating commercial and multi- family properties, financing risks, potential adverse tax consequences, general economic risks, development risks and long hold periods. There is a risk of loss of the entire investment principal. Past performance is not a guarantee of future results. Potential cash flow, potential returns and potential appreciation are not guaranteed. Securities offered through Growth Capital Services, member FINRA, SIPC, Office of Supervisory Jurisdiction located at 582 Market Street, Suite 300, San Francisco, CA 94104.
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