Friday, June 10 2022

NEWPORT BEACH, Calif. — SRS Real Estate Partners’ National Net Lease Group has completed the sale of 13 properties, occupied by CVS, for $90 million.

A number of individual private investors purchased the properties from a private developer represented by the SRS Real Estate Partners group.

The properties, which total nearly 195,000 square feet, are located in Arizona, Texas, Virginia, South Carolina, Idaho, Louisiana, Oklahoma, Ohio and New Jersey.

John Redfield of SRS Real Estate Partners’ National Net Lease Group says: ‘This was a zero cash flow portfolio of assets financed by credit tenants and offering tax and capital growth benefits specific to investors. The majority of buyers were in a 1031 exchange and used a new repayment advance or repayment, a unique structure in some zero cash flow loans where the investor can meet the exchange and withdraw cash.

Redfield adds: “With limited net leased assets in the market, this zero cash flow structure gives 1031 buyers the opportunity to make a good profit on their sale without having to pay potentially large capital gains and clawbacks. ‘amortization.”

Zero cash flow opportunities provide tax benefits to investors who buy on a trade-free basis and can utilize tax benefits with accelerated depreciation. High leverage opportunities often allow investors to use bonus amortization to assist with portfolio-level tax strategies.

SRS Real Estate Partners’ nationwide net-lease group representing the seller included Redfield, Matthew Mousavi, Patrick Luther and Tom Power.

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